That is precisely what happened in the Orexigen
Therapeutics case where the Delaware bankruptcy court had refused to enforce a triangular setoff sought by McKesson and MPRS.
Under the terms of the agreement, Orexigen
will sell the world-wide rights to Contrave (naltrexone HCl / bupropion HCl extended release) /Mysimba (naltrexone HCl and bupropion HCl prolonged release) and certain other Orexigen
assets for USD 75m in cash.
Apovian disclosed financial and / or leadership positions with Zafgen, MYOS Corp., Eisai, Vivus, Orexigen
Therapeutics, and Takeda.
The drug, called Contrave, was developed by Orexigen
Therapeutics, a small company based in San Diego, and will be marketed by Takeda Pharmaceutical of Japan.
Ebbert reported ties to Pfizer, GlaxoSmithKline, Orexigen
, and JHP Pharmaceuticals; his associates reported ties to Pfizer and Nabi Biopharmaceuticals.
OPK Optimer Pharmaceutical OPTR Orexigen
The top after-market Nasdaq losers were Nanosphere Inc, Orexigen
Therapeutics Inc, Fulton Financial Corporation and Acme Packet Inc.
BANKING AND CREDIT NEWS-December 15, 2011--Leerink Swann to help Orexigen
with units placement(C)2011 M2 COMMUNICATIONS http://www.m2.com
The FDA recently rejected diet drugs with various safety issues from Arena Pharmaceuticals Inc., Orexigen
In other news, shares of Orexigen
The trial is one of four studies that the drugs developer, Orexigen
Therapeutics, has sponsored in a bid to win approval from the U.S.