2 Drug Stocks To Consider In The Coming Days
By Matt Schilling:The FDA approved the first obesity drug in 13 years on Wednesday, and shares of Arena Pharmaceuticals (ARNA) had been trading up as much as 40%. According to the LA Times, "a clinical trial of lorcaserin published in the New England Journal of Medicine found that two-thirds of patients on the drug lost 5% of their body weight, while a third lost at least 10%, after one year taking the drug as a supplement to diet and exercise." That wasn't the only good news hitting the pharmaceutical wires today. In my opinion, not only does Arena look fantastic at these levels, but two other drug companies have caught my eye and carry some very nice upside potential.Supernus Pharmaceuticals (SUPN), which trades in a 52-week range of $4.30 (52-week low) to $15.09 (52-week high), was trading as high as $15.15/share on Wednesday. Shares were up roughly 17% at one pointComplete Story »
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