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Orexigen soars on CV data that FDA didn't want released

 
• By Mandy Jackson

Orexigen Therapeutics soared 32% to close at $7.64 per share on 3 March after the San Diego-based company disclosed a newly issued patent for its weight loss drug Contrave (naltrexone and bupropion) that contained positive interim results from a cardiovascular outcomes trial (CVOT) known as the Light study – data that the US FDA expressly asked Orexigen not to disclose.

Orexigen Therapeutics soared 32% to close at $7.64 per share on 3 March after the San Diego-based company disclosed a newly issued patent for its weight loss drug Contrave (naltrexone and bupropion) that contained positive interim results from a cardiovascular outcomes trial (CVOT) known as the Light study – data that the US FDA expressly asked Orexigen not to disclose.

In fact, the FDA informed the company long before its patent disclosure was filed with the US Securities and Exchange Commission (SEC) that too many people had been given access...

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