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Orexigen Therapeutics

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Orexigen Therapeutics, Inc.
Company typePublic
NasdaqOREX
Founded2002; 22 years ago (2002)
FounderEckard Weber
HeadquartersLa Jolla, California, U.S.
Websiteorexigen.com

Orexigen Therapeutics, Inc. is a public American pharmaceutical company focused on development of treatments for obesity.[1] The company is based in La Jolla, California and was established by Eckard Weber in 2002.[1] As a public company, Orexigen is traded on the NASDAQ exchange under the stock symbol OREX.[1]

The company has a single product, Contrave, approved for use in the United States in 2014.[2][3] Contrave was designed not only to curb hunger but also reduce cravings.[3] Observation of the market performance of Qsymia and Belviq suggest overall low demand for pharmaceutical obesity therapies, calling into question earnings potential for Orexigen's offering.[2][unreliable source?]

Orexigen declared bankruptcy in 2018 and was sold to Nalpropion.[4][5]

References

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  1. ^ a b c "OREX Key Statistics". MarketWatch. Retrieved 12 September 2014.[dead link]
  2. ^ a b Osborne, Spencer (7 October 2014). "Orexigen On A Tear - In The Wrong Direction". Seeking Alpha.
  3. ^ a b "Orexigen Enters into Agreement to Sell Company to Newly Formed Entity Nalpropion Pharmaceuticals". BioSpace. Retrieved 2020-06-15.
  4. ^ "U.S. drugmaker Orexigen files for Chapter 11 bankruptcy". Reuters. 2018-03-12. Retrieved 2019-07-30.
  5. ^ "No magic pill for obesity: Orexigen files for bankruptcy". BioPharma Dive. Retrieved 2020-06-15.