Arena up on promise of gut pain drug
San Diego, USA-based Arena Pharmaceuticals (Nasdaq: ARNA) has announced results showing both immediate and lasting reductions in pain in patients with Crohn's disease-associated chronic gut pain that were treated with olorinab.
In-pre market trading early on Tuesday, Arena’s share price was up by nearly 4%, perhaps a reflection of the strong clinical need for non-opiate treatments for the management of chronic abdominal pain in patients with gastrointestinal (GI) disorders.
Olorinab is a peripherally-restricted, fully-synthetic and highly-selective full agonist of the CB2 receptor being developed for the treatment of visceral pain associated with GI-disorders.
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