Thursday, December 9, 2010

Orexigen Approval Shows That Diversification Strategy Can Work

Ruthanne Williams Roussel submits:

On Tuesday, December 7, a Food and Drug Administration advisory panel voted 13 to 7 to recommend approval for Orexigen Therapeutics (OREX)'s obesity drug Contrave.

Contrave moves closer to commercialization while its two principal rivals -- Arena Pharmaceuticals's (ARNA) Lorquess, or lorcaserin, and Vivus Inc's.(VVUS) Qnexa -- were sent back to the drawing board in October because of safety concerns.


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