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Orexigen to be sold to Nalpropion Pharma for $75M

biospectrumasiaApril 25, 2018

Tag: Orexigen , Nalpropion Pharma

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Orexigen, a California-based pharmaceutical company focused on development of treatments for obesity announced that it has inked an agreement with Nalpropion Pharmaceuticals to sell virtually all of its assets for $75M in cash.

Nalpropion is a newly formed special purpose entity capitalized by an investor group that includes Pernix Therapeutics. Pernix Therapeutics is a specialty pharmaceutical business with a focus on acquiring, developing and commercializing prescription drugs primarily for the U.S. market.

The transaction is subject to higher/better offers.

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