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Orexigen Therapeutics Reports Business and Financial Results for the Third Quarter Ended September 30, 2013
Date:11/12/2013

(www.orexigen.com) 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)September 30December 31,20132012(Unaudited)AssetsCurrent assets:Cash and cash equivalents

$
48,730$
78,332Investment securities, available-for-sale

34,08559,071Prepaid expenses and other current assets

1,7901,491Total current assets

84,605138,894Property and equipment, net

12083Other assets

812-Restricted cash

177177Total assets

$
85,714$
39,154Liabilities and stockholders' equity Current liabilities:Accounts payable and accrued expenses

$
9,227$
8,156Accrued clinical trial expenses

8,23513,529Deferred revenue, current portion

3,4293,429Total current liabilities

20,89125,114Deferred revenue, less current portion

36,00038,571Other long-term liabilities

89-Commitments and contingenciesStockholders' equity:Preferred stock, $.001 par value, 10,000,000 shares authorized at September 30, 2013 and December 31, 2012; noshares issued and outstanding at  September 30, 2013 and December 31, 2012--Common stock, $.001 par value, 300,000,000shares authorized at September 30, 2013 andDecember 31, 2012 and;99,199,618 and 84,413,670 shares issued and outstanding at September 30, 2013 and December 31, 2012, respectively

9984Additional paid-in capital

521,614512,174Accumulated other comprehensive i
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SOURCE Orexigen Therapeutics, Inc.
Copyright©2012 PR Newswire.
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