The market blew right through those insider sales. Given the institutional interest in this stock and the number and potential magnitude of indications for the products, it seems unlikely IMO that many investors will be swayed by this false positive.
The upside for you is that ARNA had a nice uptick today.
If i worked there for years and had been waiting to buy a house, nice car, etc. i would sell at that high too. Then recoup and buy it again a little later. They deserve it after a long wait and battle in courts.
This wil lsell off label and be big in sales. Each 1/4... watch it... I will swing this for years to come.