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Mr. Krabs

Alexandria, KY

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Stock Pick by Mr. Krabs

ARNA: FDA Approval Play

Start trading ARNA with real money!

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3 ratings
Posted 3013 days ago on 4/24/09

ARNA will go UP
$3.00 on 4/24/10
$24.37 (9,648.00% from time of market call)

ARNA's lorcaserin hydrochloride, the obesity treatment drug is being reviewed by FDA following a Phase III clinical trial program that determined that allegedly was very successful with no significant side effects. As soon as FDA approves the drug the stock will skyrocket with this drug's 1 billion earning potential. The drug is planned for release in 2010 but FDA approval may come by September - October (just my guess). At $2.40 this is a fair "gamble". Disclosure: I'm holding a few thousand shares of ARNA @ $2.40 and not selling until more good news.

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