Arena Pharmaceutical Inc.’s weight-loss drug Belviq was approved by the U.S. Food and Drug Administration on June 28, 2012.

Arena Pharmaceutical Inc.’s weight-loss drug Belviq was approved by the U.S. Food and Drug Administration on June 28, 2012.

One would wager that a fat-busting prescription pill would be a shoo-in pharmaceutical blockbuster, with more than a third of the American public struggling with obesity...

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