Orexigen Therapeutics (OREX)

Business description

Orexigen is a biopharmaceutical company focusing on obesity treatments. It will sell its sole product, Contrave, through its own salesforce in the US after taking back the rights from partner, Takeda. Contrave was launched in the US in Oct 2014 and approved in the EU in March 2015 under the trade name Mysimba.

Stock data

Market cap.US$2.9m
Last closeUS$0.16
High / Low (52 weeks)US$3.1 / US$0.1
Stock market listingUS
Forecast net debt (US$m)124.2
Forecast gearing ratio (%)147
TeamHealthcare
SectorPharmaceutical & healthcare

Price performance

%1m3m12m
Actual2.8(86.6)(95.1)
Relative *0.4(86.8)(95.7)

* % Relative to local index

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Company news

Orexigen Therapeutics, Inc. Enters Agreement for Sale of Company

Mon, 23 Apr 2018 15:22:30 GMT

Pending Orexigen Sale Should Serve As A Warning Sign

Thu, 26 Apr 2018 15:09:07 GMT

Orexigen Therapeutics Announces Second Quarter 2017 Financial Results

Tue, 08 Aug 2017 20:03:45 GMT

Orexigen Therapeutics, Inc. 2017 Q3 - Results - Earnings Call Slides

Mon, 13 Nov 2017 21:00:00 GMT

Orexigen Therapeutics, Inc. Plans For Near-term Sale Using Structured Process ...

Mon, 12 Mar 2018 05:12:46 GMT

Y/E Dec Revenue (US$m) EBITDA (US$m) PBT (US$m) EPS (c) P/E (x) P/CF (x)
2015A 24.5 (60.3) (67.3) (523.81) N/A N/A
2016A 33.7 (134.6) (138.1) (972.82) N/A N/A
2017E 84.7 (134.9) (137.7) (713.33) N/A N/A
2018E 156.5 (64.4) (68.9) (353.59) N/A N/A

Last updated on 18/04/2018

Investment summary

Orexigen’s obesity drug, Contrave, is an extended-release oral combination of long-marketed bupropion (Wellbutrin for depression) and Naltrexone (Revia for addiction). Now the leading branded obesity treatment in the US, Orexigen recently announced 48% higher prescription volume in Q417 compared to Q416. Contrave is approved under the brand Mysimba in most international markets. It has now launched in 23 countries, including Germany, Italy, Spain, and the United Kingdom. Launches in an additional 9 countries are expected by Q218. They also recently signed an agreement with Merck KGaA for Latin America including Mexico and Brazil. The company plans to sell itself in a structured auction through Chapter 11 of the US bankruptcy code with bids due in May of 2018.

Last updated on 27/04/2018

Industry outlook

Orexigen is a biopharmaceutical company focusing on obesity treatments. Contrave was launched in the US in October 2014 and approved in the EU in March 2015, under the trade name Mysimba.

Last updated on 27/04/2018

Company address

3344 N. Torrey Pines Court
Suite 200
La Jolla
CA 92037
United States
(858) 875-8600
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