US FDA approves once-daily Belviq XR

19 July 2016

Japanese pharma major Eisai (TYO: 4523) and US partner Arena Pharmaceuticals (Nasdaq: ARNA) have received US Food and Drug Administration approval of the New Drug Application for obesity drug Belviq XR (lorcaserin HCl) CIV extended-release 20mg tablets.

News of the approval saw Eisai’s shares increase over 4% to 6,224 yen, while Arena moved 2.4% higher to $1.70.

The new formulation of lorcaserin will offer patients a once-a-day dosing option that may help them achieve and maintain weight loss. Belviq XR is expected to be available in the fall of 2016. In connection with the approval, Arena will receive a $10 million milestone payment from Eisai.

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