Five New Biotech Developments Worth Watching

The biotechnology sector is a rapidly-evolving space, and biotech traders must always stay on top of the latest developments. Here is a roundup of several recent biotech developments that are worth keeping an eye on.

Arena Collaborates With Roivant On Nelotanserin

Arena Pharaceuticals Inc (NASDAQ: ARNA) recently announced that its subsidiary Arena Pharmaceuticals GmbH has entered into a Development, Marketing and Supply Agreement with Roivant Sciences Ltd for nelotanserin. Nelotanserin is Arena’s internally-discovered inverse agonist of the 5-HT2A receptor. Under the terms of the agreement, Roivant will now be the exclusive worldwide developer and marketer of nelotanserin.

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