Orexigen Therapeutics, Inc. (OREX)
A biopharmaceutical company focused on the development of pharmaceutical product candidates for the treatment of central nervous system, disorders, with an initial focus on obesity.
Recs
They're finally going to get a drug onto the market in 2010
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Rated one star.
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insider buying
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The company has no revenue, only $19 MM in equity (albiet all of it is tangible equity and all in cash), only about 50 employees and is working on "discovering" something:
Orexigen Therapeutics, Inc., a biopharmaceutical company, focusing on the development of pharmaceutical product candidates for the treatment of obesity. The company?s lead combination product candidates targeted for obesity are Contrave, which is in Phase III clinical trials, and Empatic, which is in the later stages of Phase II clinical development. It selected these two product candidates for obesity based research regarding CNS regulation of appetite and energy expenditure, as well as mechanisms in the brain that reinforce unhealthy eating behaviors. Each of these product candidates is a combination of generic drugs that is screened for synergistic CNS activity. Orexigen Therapeutics was founded in 2002 and is headquartered in La Jolla, California.
Wow, this sounds like a short candidate if I ever heard of one. However, there are a slew of insider stock purchases, and someone trying to accumulate a lot of shares. So I am putting my thumbs up for this one, on the possibility that they really have discovered something (mind you, not with in my real life portfolio yet, but here in CAPS so I can say "I knew this one was going to make it big"... even though I only thought it might make it big).
Recs
Orexigen Is a biopharmaceutical company with product candidates that target obesity. Their lead product Is called Contrave,and they just completed the stage three trial for the drug.The results from these trials confirm that their COR program of more than 4500 patients exceed the FDA categorical efficacy benchmark for clinically significant weight loss. The company plans to file an NDA (New drug application) In the first half of 2010. Since August 11th,2009 (Todays the 18th) there have been over 4 million shares purchased by Insiders either directly or Indirectly between 7.50 and 8.00$ per share... TS
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Surprised that OREX rose back over the threshold. This stock will likely bounce up and down for the next few months as management hypes their marginal obesity candidate.
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I'm suspicious of strong upward moves in Orexigen given the weakness of the completed phase III trial of Contrave. The company has an opportunity to redeem itself in Q3 with additional phase III Contrave data as well as phase II data for Empatic, but I don't see current highs being sustained through that point.
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director buying shares to instill confidence, focusing all resources on the closest to market drug and few competitors on obesity drug line. Pure speculation, but big if phase 3 trial data positive
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Huge insider buying. Small caps will outperform during jan 2009.
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weight loss drug could be a blockbuster
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OREX management panicked and accepted any horrible deal to get their hands on some cash. But there are a whole host of medical, technology, finance, manufacturing and retail names out there that are starving for capital. And you better believe that once the next window opens in the coming weeks, most likely underwriters will be falling all over themselves to bring these guys to market and collect their fat fees.
This is fall down to ZERO!
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New medical devices to provide less invasive procedures
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Mere overpriced therapeutical junk.

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