Pharma News: Vivus, Inc. (VVUS)’s New CEO, Arena Pharmaceuticals, Inc. (ARNA) & Amgen, Inc. (AMGN)’s Positive Earnings

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Editor’s Note: Related tickers: VIVUS, Inc. (NASDAQ:VVUS), Arena Pharmaceuticals, Inc. (NASDAQ:ARNA), Amgen, Inc. (NASDAQ:AMGN), AstraZeneca plc (ADR) (NYSE:AZN)

VIVUS, Inc. (NASDAQ:VVUS)Former AstraZeneca, MedImmune exec tapped to head Vivus (FierceBiotech)
VIVUS, Inc. (NASDAQ:VVUS), which sells the obesity drug Qsymia, has appointed Anthony Zook to serve as its CEO. Zook formerly served as executive vice president, Global Commercial Operations for AstraZeneca plc (ADR) (NYSE:AZN) and president of MedImmune. “Obesity is a growing disaster for Americans. Aside from its obvious human costs, it creates economic costs due to associated comorbidities such as diabetes, strokes, heart attacks and depression,” Zook said in a statement. “Our mission is to ensure that at-risk patients and their physicians know about Qsymia and have the information necessary to determine whether Qsymia can help address this devastating condition.”

3 Things To Watch For With Arena Pharmaceuticals (TheStreet)
When Jefferies released a research note for Arena Pharmaceuticals, Inc. (NASDAQ:ARNA) with a target price of $12, shares subsequently fell to around $6.90 since the analysis. Similar to other pharmaceutical plays, Arena Pharmaceuticals, Inc. (NASDAQ:ARNA) traded higher ahead of the release of weight-loss drug Belviq on the market. Obesity is a growing problem, and Belviq has a large market to address, but whether the value of the company will be driven upwards depends on a few key results. …In the near term, short sellers could dictate the depressed share price for Arena Pharmaceuticals, Inc. (NASDAQ:ARNA). Short float is around 28%. Bets against Arena Pharmaceuticals, Inc. (NASDAQ:ARNA) have risen steadily since April.

Will Amgen (AMGN) Beat Earnings? (Zacks)
Amgen, Inc. (NASDAQ:AMGN) is scheduled to report its second quarter 2013 earnings after the closing bell on Jul 30, 2013. Last quarter, Amgen, Inc. (NASDAQ:AMGN) delivered a positive earnings surprise of 11.43%. We expect the trend to continue in the second quarter. Our proven model shows that Amgen, Inc. (NASDAQ:AMGN) is likely to beat earnings because it has the right combination of two key ingredients. …The Expected Surprise Prediction or ESP, which represents the difference between the Most Accurate estimate of $1.74 and the Zacks Consensus Estimate of $1.71, is +1.75%. This is a meaningful and leading indicator of a likely positive earnings surprise for the shares.

Notable Two Hundred Day Moving Average Cross – VVUS (Forbes)
In trading on Wednesday, shares of VIVUS, Inc. (NASDAQ:VVUS) crossed below their 200 day moving average of $13.29, changing hands as low as $13.28 per share. VIVUS, Inc. (NASDAQ:VVUS) shares are currently trading down about 2.5% on the day. The chart below shows the one year performance of VIVUS, Inc. (NASDAQ:VVUS) shares, versus its 200 day moving average: Looking at the chart above, VIVUS, Inc. (NASDAQ:VVUS)’s low point in its 52 week range is $9.86 per share, with $24.86 as the 52 week high point — that compares with a last trade of $13.40.

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