(ARNA, MTSN, LULU) PennyOmega.com Stocks In Action

ARNA, Arena Pharmaceuticals, Inc.

** ARNA and Eisai Inc. reported that the FDA has accepted for filing and review ARNA’s resubmission of the New Drug Application for lorcaserin.

According to the company, the FDA considers the resubmission a complete, class 2 response, and assigned a new Prescription Drug User Fee Act (PDUFA) target date of June 27, 2012.

Lorcaserin is an investigational new chemical entity that is believed to act as a selective serotonin 2C receptor agonist and it is intended for weight management, including weight loss and maintenance of weight loss, in patients who are obese (Body Mass Index, or BMI, >30) or patients who are overweight (BMI >27) and have at least one weight-related co-morbid condition.

ARNA is a clinical-stage biopharmaceutical company focused on discovering, developing and commercializing oral drugs that target G protein-coupled receptors, an important class of validated drug targets, in four major therapeutic areas: cardiovascular, central nervous system, inflammatory and metabolic diseases.

More about ARNA at www.arenapharm.com

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LULU, Lululemon Athletica Inc.

** For the fourth quarter of fiscal 2011, LULU reported that it now expects diluted earnings per share to be in the range of $0.47 to $0.49 as compared to its previous guidance range for diluted earnings per share of $0.40 to $0.42.

LULU now expects net revenue to be in the range of $358 million to $363 million for the fourth quarter of fiscal 2011. This compares to LULU’s previous guidance of net revenue in the range of $327 million to $332 million for the quarter, and compares to net revenue of $245 million for the fourth quarter of fiscal 2010.

LULU is a yoga-inspired athletic apparel company that creates components for people to live a long, healthy and fun life.

More about LULU at www.lululemon.com.

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MTSN, Mattson Technology, Inc.

** MTSN reported that it has won acceptance for its Helios XP rapid thermal processing system from another leading semiconductor manufacturer.

According to the company, MTSN’s Helios XP, which was selected by the customer based on its excellent processing performance and lower cost-of-ownership, is now in volume production of advanced logic chips.

MTSN designs, manufactures and markets semiconductor wafer processing equipment used in the fabrication of integrated circuits.

More about MTSN at www.mattson.com.

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Tags: Arena Pharmaceuticals, ARNA, LULU, Lululemon Athletica, Mattson Technology, MTSN, NASDAQ:ARNA, NASDAQ:LULU, Nasdaq:MTSN