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Arena Pharmaceuticals to Present at Citigroup's Global Healthcare Conference

Monday, May 19, 2008 General News J E 4
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SAN DIEGO, May 19 Arena Pharmaceuticals, Inc.(Nasdaq: ARNA) announced today that the company is scheduled to present atCitigroup's Global Healthcare Conference on May 22, 2008 at 8:30 a.m. EasternTime (5:30 a.m. Pacific Time) at the Hilton New York Hotel in New York City.Robert E. Hoffman, Arena's Vice President, Finance and Chief FinancialOfficer, is scheduled to provide an overview of the company, including itsclinical development and discovery programs.

A live audio webcast of the presentation will be available under theinvestor relations section of Arena's website at http://www.arenapharm.com. Areplay of the presentation will be available for 30 days following the event.Please connect to Arena's website several minutes prior to the start of thewebcast to ensure adequate time for any software download that may benecessary.

About Arena Pharmaceuticals

Arena is a clinical-stage biopharmaceutical company focused ondiscovering, developing and commercializing oral drugs in four majortherapeutic areas: cardiovascular, central nervous system, inflammatory andmetabolic diseases. Arena's most advanced drug candidate, lorcaserin, is beinginvestigated in a Phase 3 clinical trial program for the treatment of obesity.Arena's broad pipeline of novel compounds target G protein-coupled receptors,an important class of validated drug targets, and includes compounds beingevaluated independently and with partners, including Merck & Co., Inc. andOrtho-McNeil Pharmaceutical, Inc.

Arena Pharmaceuticals(R) and Arena(R) are registered service marks of thecompany. "APD" is an abbreviation for Arena Pharmaceuticals Development.

Forward-Looking Statements

Certain statements in this press release are forward-looking statementsthat involve a number of risks and uncertainties. Such forward-lookingstatements include statements about Arena's strategy, internal and partneredprograms, and ability to develop compounds and commercialize drugs. For suchstatements, Arena claims the protection of the Private Securities LitigationReform Act of 1995. Actual events or results may differ materially fromArena's expectations. Factors that could cause actual results to differmaterially from the forward-looking statements include, but are not limitedto, clinical trials and studies may not proceed at the time or in the mannerArena expects or at all, the results of clinical trials or preclinical studiesmay not be predictive of future results, Arena's ability to partnerlorcaserin, APD125, APD791 or other of its compounds or programs, the timing,success and cost of Arena's research, out-licensing endeavors and clinicaltrials, Arena's ability to obtain additional financing, Arena's ability toobtain and defend its patents, the timing and receipt of payments and fees, ifany, from Arena's collaborators, and Arena's ability to redeem with commonstock any outstanding shares of its series B convertible preferred stock.Additional factors that could cause actual results to differ materially fromthose stated or implied by Arena's forward-looking statements are disclosed inArena's filings with the Securities and Exchange Commission. These forward-looking statements represent Arena's judgment as of the time of this release.Arena disclaims any intent or obligation to update these forward-lookingstatements, other than as may be required under applicable law.Contacts: Jack Lief Mary Claire Duch President and CEO WeissComm Partners Media Relations David Walsey 212.301.7228 Director, Corporate Communications Arena Pharmaceuticals, Inc. 858.453.7200, ext. 1682

SOURCE Arena Pharmaceuticals, Inc.
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