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June 28, 2012 at 14:09 PM EDT
Orexigen Climbs On Locaserin's Approval
Shares of Orexigen Therapeutics Inc. (Nasdaq: OREX) climbed again by gaining 84 cents to $5.76 after rival Arena Pharmaceuticals Inc.'s (Nasdaq: ARNA) weight loss treatment Lorcaserin was approved yesterday. Arena stock dropped $1.29 to $10.10 as investors locked in profits on the biopharmaceutical.
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