stock_peeker: ARNA/VVUS/OREX
Nice piece. "It is possible the FDA may only want to approve the best weight loss drug under review, which some would argue is Qnexa."
That is why I have put my money on VVUS, though had I listened to umiak earlier this year about ARNA, I would have tripled my money.
Vivus has an ED drug and is working on QNEXA for type II diabetes. If QNEXA is not approved, the stock will drop like a rock, but the company will survive.
I'm interested in seeing how the FDA's decision this week affects VVUS. If the ARNA decision is delayed, I think that might be very positive for Vivus because there is a mentality out there that this is a race to see who gets the first obesity drug in decades to market first.
If Arena's drug is denied approval, I think VVUS will sell off a little.
This is going to be very exciting this week. If ARNA's drug is approved and the stock pops to $20 (very unlikely, imo), I'll kick myself in the behind. We'll see.