Arena Pharmaceuticals, Inc. (NASDAQ: ARNA) revealed Wednesday financial results for the fourth quarter and full year ended Dec. 31, 2021.
Q4 Finanical HIghlights
Here's a roundup of top developments in the biotech space over the last 24 hours.
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Kodiak's Wet AMD Treatment KSI-301 Did Not Meet Primary Endpoint In Phase 2b/3 Study
Biotech stock extended lower for a second straight week as risk aversion continued to pressure stocks amid geopolitical tensions and macroeconomic worries.
HC Wainwright & Co. analyst Patrick Trucchio downgrades Arena Pharmaceuticals (NASDAQ:ARNA) from Buy to Neutral and lowers the price target from $120 to $100.
Cantor Fitzgerald analyst Alethia Young downgrades Arena Pharmaceuticals (NASDAQ:ARNA) from Overweight to Neutral and raises the price target from $93 to $100.