Orexigen Therapeutics posts $239,000 November operating loss

By Caroline Salls

Pittsburgh, Dec. 14 – Orexigen Therapeutics, Inc. reported a $239.000 loss from operations for November on zero net product sales, according to its monthly operating report filed Friday with the Securities and Exchange Commission.

In comparison, Orexigen posted a $79,000 loss from operations for October, also on zero net product sales.

The net loss for November was $981,000, narrowing from a $1.35 million October net loss.

The company had $27.95 million in cash and cash equivalents as of Nov. 30.

Orexigen is a San Diego-based biopharmaceutical company focused on the treatment of obesity. The company filed for bankruptcy on March 12, 2018 under Chapter 11 case number 18-10518.

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