ARNA—I think AGN’s large fine for off-label marketing of Botox (#msg- 53934359) will make Eisai realize that you can’t plug off-label sales numbers into your spreadsheet when deciding whether a drug like Lorcaserin is a good business proposition. If the potential indication for Lorcaserin is limited to obese diabetics, as the FDA’s CRL suggests, it will be hard for Eisai to make the numbers work even in the best-case scenarios.
“The efficient-market hypothesis may be the foremost piece of B.S. ever promulgated in any area of human knowledge!”
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.