Similar Stories to Why Arena Pharmaceuticals Shares Are Rocketing 31.6% Higher Today on Bing News

newsfeedback@fool.com (Todd Campbell), The Motley Fool
Tue, 03/20/2018 - 10:42am

After the company unveiled phase 2 data results for its clinical-stage ulcerative colitis drug, etrasimod, shares in Arena Pharmaceuticals (NASDAQ: ARNA) are shooting 31.6% higher as of 1 p.m. EDT today.The ulcerative colitis market is worth billions of dollars in sales annually. Arena Pharmaceuticals hopes etrasimod can vie for a share of that market someday, if late-stage data confirm results from its midstage study.IMAGE SOURCE: GETTY IMAGES.Continue reading

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