has been the best-performing obesity drug stock in 2013 despite not having an approved obesity drug to sell.
The respective commercial launches of
Belviq have underwhelmed this year, leading to a steep drop in their stock prices.
So, it seems as if Orexigen has actually
of its obesity pill Contrave. On Monday,
, which should lead to the drug's approval next June.
Will Orexigen and its marketing partner
succeed where rivals have (so far) failed?
Takeda has a lot of metabolic drug marketing experience -- Actos is a blockbuster diabetes drug -- which should proven beneficial with the Contrave launch.
Orexigen's enterprise value is still significantly lower than Arena and Vivus.
OREX Enterprise Value
-- Reported by Adam Feuerstein in Boston.
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