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ARENA PHARMACEUTICALS INC

No Longer Reporting

The company has not filed an annual or quarterly report since its FY2021 10-K, filed Feb 23, 2022. Its latest SEC filing is a 4 from Jan 29, 2024.

The sections below describe the company as of the FY2021 annual report.

What Did They Do?

Develops investigational medicines for patients with gastrointestinal, skin and cardiovascular conditions.

How Did They Make Money?

Other biopharmaceutical companies pay Arena for licenses to drug rights and related research and development services. Payments can include upfront fees, research funding and expense reimbursements as work is performed, milestone payments when development goals are reached, and royalties tied to licensed-product sales.

FY2021 revenue

Who Were Their Customers?

Other biopharmaceutical companies are typically the customers, licensing Arena's intellectual property or buying related research, development and other services under collaboration or license agreements.

Customers above 10% of revenue, FY2019
of revenue from one customer

Did Revenues Turn Into Profits?

No. It lost $616.4M in FY2021.

Operating income, FY2021
−1156109% of revenue
▲ +46% (Loss) vs FY2020 (−$426.6M, −133743%)
Net income, FY2021
−1141543% of revenue
▲ +52% (Loss) vs FY2020 (−$404.7M, −126876%)
Free cash flow, FY2021
−838896% of revenue
▲ +28% (Loss) vs FY2020 (−$353.9M, −110945%)

How Were They Changing?

Since the FY2021 annual report
  • Mar 11, 2022 Pfizer completed its acquisition of Arena Arena became a wholly owned Pfizer subsidiary; it asked Nasdaq to suspend trading and delist its shares.

Shrank. Revenue fell 100% in 4 years, from $21.3M in FY2017 to $54K in FY2021, about 78% a year.

Olorinab strategy The older report described olorinab in clinical evaluation for gastrointestinal pain; the latest describes Arena as considering strategic options for the program.

Who Did They Compete With?

Competes with AbbVie, Takeda Pharmaceuticals, Janssen Biotech, Pfizer, Bristol Myers Squibb, Gilead Sciences, Galapagos, Eli Lilly, Regeneron, Sanofi, Leo Pharma, Lee’s Pharma, and AdvanceCor

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