Arena Pharmaceuticals Takes A Big Step Forward

Arena Pharmaceuticals (NASDAQ: ARNA) reported positive phase 2 trial results for etrasimod, an S1P modulating drug being studied for use in ulcerative colitis. The results show that 2 mg of etrasimod successfully outperformed placebo in helping ulcerative colitis patients. The data positions the company competitively to vie for market share in this blockbuster indication.

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