<< Read Full Article
<< Read Full Article
Arena Pharmaceuticals (ARNA Quote) shares jumped early Tuesday after the San Diego-based company announced a global licensing agreement with a unit of Johnson & Johnson (JNJ Quote) to develop treatments for type 2 diabetes and other disorders.
Under terms of the deal, Arena will receive an upfront payment of $17.5 million as well as research funding of $4.8 million over two years. The company could receive up to $295 million in additional payments as well as double-digit royalties if other developmental and sales milestones are achieved.
Arena said it expects the initial focus will be on two Arena-discovered molecules in preclinical development. ...
Recent Comments
| Dow Jones | S&P 500 | NASDAQ | 10-Year Note | |
|---|---|---|---|---|
| 10,344.84 | 1,095.63 | 2,144.60 | 32.01 |
Oil *
78.55
|
|
UP
34.92
|
UP
4.14
|
UP
6.16
|
DOWN
0.30
|
10 Yr
3.20%
SPDR Gold
115.65
|
|
+0.34%
|
+0.38%
|
+0.29%
|
-0.93%
|
Data delayed 20 minutes |
Connect with TheStreet