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Arena's Belviq Approved In South Korea - Can It Change The Dynamics?

Arena (NASDAQ:ARNA) announced today that the company's anti-obesity drug Belviq was approved in South Korea. Arena is partnered with Ildong Pharmaceuticals for that country and with the approval received a milestone payment of $3 million. Neither Ildong or Arena have offered up details on a launch date for Belviq or the price point at which it will be…