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Orexigen Therapeutics Reports Financial Results for the Fourth Quarter and Year Ended December 31, 2012

sks described in the Company's filings with the Securities and Exchange Commission. You are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date hereof, and Orexigen undertakes no obligation to revise or update this news release 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 Quarterly Report on Form 10-Q filed with the Securities and Exchange Commission November 9, 2012 and which is 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)December 31,December 31,20122011AssetsCurrent assets:Cash and cash equivalents 

,749Investment securities, available-for-sale 

59,07145,844Prepaid expenses and other current assets 

1,4911,126Total current assets 

138,894148,719Property and equipment, net 

83439Restricted cash 

177542Total assets 

49,700Liabilities and stockholders' equity Current liabilities:Accounts payable and accrued expenses 

4,122Clinical trial accrual

13,529155Deferred revenue, current portion 

3,4293,429Total current liabilities 

SOURCE Orexigen Therapeutics, Inc.
Copyright©2012 PR Newswire.
All rights reserved

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