Wall Street Fundamentals Releases New In-Depth Stock Reports on ARNA, MNKD, OREX and VVUS


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Companies Mentioned

NASDAQ:ARNA / NASDAQ:MNKD / NASDAQ:OREX / NASDAQ:VVUS
05/31/2013 [ACCESSWIRE]

The Biotech Industry has provided investors with impressive gains over the past year. The NASDAQ Biotech Index (NASDAQ: NBI) and the SPDR S&P Biotech ETF (NYSE: XBI) have seen gains of approximately 46 percent and 37 percent, respectively, in the past year. Over the same period the NASDAQ and S&P 500 Index have posted gains of 23 percent and 25.5, respectively. The U.S. Food and Drug Administration approved a total of 39 new drugs in 2012, the second highest total since 1996.

Arena Pharmaceuticals, Inc. (NASDAQ: ARNA)shares traded in the range of $8.70 to $8.97 Thursday before settling to close at $8.90. The stock appears to be facing some resistance at the $9.25 and $9.55 levels. The company weight loss drug Belviq will beavailable in the U.S. after its Schedule IV designation comes into effect on June 7, 2013. Arena Pharmaceuticals shares have gained approximately 48 percent in the past year.

More information on Arena Pharmaceuticalsand access to the free equity report can be found at:       www.WallStreetFundamentals.com/ARNA

MannKind Corporation (NASDAQ: MNKD) shares traded in the range of $6.49 to $6.74 Thursday before
settling to close at $6.58. The stock appears to be facing some resistance at $6.71. The company’s lead product candidate, AFREZZA,is in late stage clinical investigation for the treatment of adults with type 1 or type 2 diabetes for the control of hyperglycemia. Shares of MannKind have gained approximately 280 percent in the past year.

More information onMannKindand access to the free equity report can be found at:  www.WallStreetFundamentals.com/MNKD

Orexigen Therapeutics, Inc. (NASDAQ: OREX) shares traded in the range of $6.42 to
$6.70 Thursday before settling to close at $6.51. The stock appears to be facing resistance at $6.61 with some support at $6.39. The company’s weight loss drug Contrave is currently being evaluated in a Light Study, which is designed to assess the cardiovascular health outcomes of Contrave. Shares of Orexigen have gained approximately 95 percent in the past year.

More information on Orexigen Therapeuticsand access to the free equity report can be found at:  www.WallStreetFundamentals.com/OREX

VIVUS, Inc. (NASDAQ: VVUS) shares traded in the range of $14.73 to $15.30 Thursday before settling to close at $15.09. The stock appears to have support at the $15.05 and $14.72 levels. The company reported a net loss of $53.6 million for the first quarter of 2013, compared to $18.8 million in the year ago quarter. VIVUS shares have fallen approximately 38 percent in the past year.

More information onVIVUSand access to the free equity report can be found at: www.WallStreetFundamentals.com/VVUS

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Disclaimer:                                                                                                                                            Information, opinions and analysis contained herein are based on sources believed to be reliable, but no representation, expressed or implied, is made as to its accuracy, completeness or correctness. The opinions contained herein reflect our current judgment and are subject to change without notice. We accept no liability for any losses arising from an investor's reliance on or use of this report. This report is for information purposes only, and is neither a solicitation to buy nor an offer to sell securities. Certain information included herein is forward-looking within the meaning of the Private Securities Litigation Reform Act of 1995, including, but not limited to, statements concerning manufacturing, marketing, growth, and expansion. Such forward-looking information involves important risks and uncertainties that
could affect actual results and cause them to differ materially from expectations expressed herein. Wall Street Fundamentals has no financial relationship with any company whose stock is mentioned in this release.

Contact:                                                                                                                                                          Wall Street Fundamentals                                                                                                                       Website: www.WallStreetFundamentals.com

Email: editor@wallstreetfundamentals.com
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