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Associated Press, The   ”AP Financial News”
SAN DIEGO — Arena Pharmaceuticals Inc. said Friday its fourth-quarter loss narrowed slightly, as the drugmaker trimmed research and development expenses and saw a jump in revenue from collaborative agreements.

The San Diego company lost $28.2 million , or 23 cents per share, for the three months that ended Dec. 31 . That compares to a loss of $29.8 million , or 32 cents per share, in the final quarter of 2009. Revenue climbed 50 percent to $4 million , as Arena reaped $2.2 million from collaborative agreements.

Analysts surveyed by FactSet expected, on average, earnings of 21 cents per share on $5.1 million in revenue.

Arena said its research and development expenses fell 22 percent to $16.5 million due to the completion of late-stage clinical trials for the potential weight-loss drug lorcaserin.

In October, the Food and Drug Administration rejected lorcaserin due to safety concerns. Lorcaserin, being developed with Eisai Inc. , is Arena’s most advanced clinical product and a major potential revenue producer.

Arena said in December it planned to resubmit the drug’s application by the end of 2011.

CEO Jack Lief also said Friday in a statement from the company that Arena is working with Eisai to submit an application for approval in Europe . But he said resubmitting the FDA application is the company’s top priority “and we are committed to addressing the outstanding issues to the FDA’s satisfaction.”

For the full year, Arena lost $124.5 million , or $1.14 per share, on $16.6 million in revenue.

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PR Newswire   ”Press Releases US - English”

NEW YORK , March 11, 2020 /PRNewswire/ — Sirius XM Radio (Nasdaq: SIRI) will broadcast every game of the 2011 NCAA Division I Men’s Basketball Championship nationwide, offering both Sirius and XM subscribers uninterrupted access to play-by-play of every match-up from the First Four on March 15 and 16 through the Final Four and National Championship game in Houston on April 2 and 4. (Logo: https://photos.prnewswire.com/prnh/20101014/NY82093LOGO ) All tournament games will be available to both Sirius and XM listeners in their entirety, with no blackouts, on Sirius channels 91, 122, 125, 126 and 127 and XM channels 143, 241, 242, 243 and 244. SiriusXM’s Steve Torre will anchor the coverage on these channels, providing up-to-the-minute scores and highlights during game breaks and directing listeners to other games around the dial. Tournament match-ups and Sirius and XM channel assignments will be available at www.siriusxm.com/collegesports starting Monday, March 14 . On Selection Sunday, March 13 , Chris “Mad Dog” Russo and Steve Torre will host a special Mad Dog Radio Tournament Selection Show live from 5:00 to 9:00 pm ET on Mad Dog Radio, Sirius channel 123 and XM channel 144, providing listeners with live updates as tournament teams and match-ups are announced. Russo and Torre will interview special guests, including team coaches as well as selection committee chairman Gene Smith , and give fans a place to call in and share their reactions and opinions as the field is revealed. Throughout the tournament, Sirius and XM listeners can tune in to several exclusive sports talk shows that will offer comprehensive tournament coverage. Mike Krzyzewski , head coach of the defending National Champion Duke Blue Devils, will continue to host his weekly talk show, Basketball and Beyond with Coach K, throughout the tournament. Listeners can hear the show Wednesdays ( 7:00 pm ET / 4:00 pm PT ) on Mad Dog Radio. Additionally, Coach K will join Chris ‘Mad Dog’ Russo on Russo’s show, Mad Dog Unleashed (airing weekdays, 2:00-7:00 pm ET ), at various times during the tournament for updates. Fans can also follow everything happening throughout the tournament on SiriusXM College Sports Nation (Sirius channel 122 and XM channel 143), SiriusXM’s all-college sports channel. Listeners will hear live play by play of tournament games plus daily talk and analysis from a roster of hosts that includes former University of Vermont head coach Tom Brennan , former Ohio State star and 1992 UPI Player of the Year Jimmy Jackson , former Georgia Tech star Kenny Anderson , and veteran college basketball voice Mark Packer . Tom Brennan , Jimmy Jackson , Mark Packer and Jason Horowitz will be in Houston broadcasting live from Friday, April 1 through Tuesday, April 5 , delivering fans all the latest news and talk from the Final Four. SiriusXM will also offer coverage of the NCAA Division I Women’s Basketball Championship, providing listeners from coast to coast with full coverage of every regional final, the Women’s Final Four and championship game. All NCAA Tournament games are provided to SiriusXM by Westwood One .

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