Arena Pharmaceuticals Inc. may have won on multiple fronts in its Nov. 15 licensing agreement with United Therapeutics Corp., conveying global rights to its Phase III pulmonary arterial hypertension (PAH) candidate in return for $800m up front and a pair of milestones that could bring in another $400m for US and international approvals of ralinepag.
Market analysts consistently expressed enthusiasm for the deal from Arena’s viewpoint, as it brings a substantial immediate return for a...








