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Orexigen Therapeutics Reports Financial Results for the First Quarter Ended March 31, 2013

ase to reflect events or circumstances after the date hereof. Further information regarding these and other risks is included under the heading "Risk Factors" in Orexigen's Annual Report on Form 10-K filed with the Securities and Exchange Commission March 14, 2013 and its other reports, which are available from the SEC's website ( and on Orexigen's website ( under the heading "Investor Relations." All forward-looking statements are qualified in their entirety by this cautionary statement. This caution is made under the safe harbor provisions of Section 21E of the Private Securities Litigation Reform Act of 1995. Orexigen Contact:

Media Contact:  McDavid Stilwell

Denise PowellVP, Corporate Communications and Business Development

BrewLIfe(858) 875-8629

(510) 703-9491 

Orexigen Therapeutics, Inc.Balance Sheets(In thousands, except share and par value amounts)March 31,December 31,20132012(Unaudited)AssetsCurrent assets:Cash and cash equivalents 

78,332Investment securities, available-for-sale 

47,50259,071Prepaid expenses and other current assets 

1,9981,491Total current assets 

116,554138,894Property and equipment, net 

783Restricted cash 

177177Total assets 

39,154Liabilities and stockholders' equity Current liabilities:Accounts payable and accrued expenses 

8,156Accrued clinical trial expenses

10,31213,529Deferred revenue, current portion 

3,4293,429Total current liabilities 

20,41225,114Deferred revenue, less current portion 

37,71438,571Other long-term liabilities 

--Commitments and contingenciesStockholders' equity:Preferred stock, $.001 par value, 10,000,000 shares authorized at M

SOURCE Orexigen Therapeutics, Inc.
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