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Orexigen® Therapeutics Reports Third Quarter 2010 Financial Results

curities, available-for-sale

92,23354,500Prepaid expenses and other current assets

1,8501,529Total current assets

102,45593,687Property and equipment, net

9901,324Restricted cash

8811,290Other assets

299547Total assets

96,848Liabilities and stockholders' equity Current liabilities:Accounts payable and accrued expenses

9,828Deferred revenue, current portion

3,51788Long-term debt, current portion

3,7416,384Total current liabilities

14,14316,300Deferred revenue, less current portion

47,190971Long-term debt, less current portion

-2,416Other long-term liabilities

4901,258Commitments and contingenciesStockholders’ equity:Preferred stock, $.001 par value, 10,000,000 shares authorized at September 30, 2010 and December 31, 2009; noshares issued and outstanding at  September 30, 2010 and December 31, 2009

--Common stock, $.001 par value, 100,000,000 sharesauthorized at September 30, 2010 and December 31, 2009;47,556,739 and 47,215,479 shares issued and outstanding at September 30, 2010 and December 31, 2009, respectively

4847Additional paid-in capital

350,115342,599Accumulated other comprehensive income (loss)

4(6)Deficit accumulated during the development stage

(307,365)(266,737)Total stockholders’ equity

42,80275,903Total liabilities and stockholders’ equity

96,848Orexigen Therapeutics, Inc.(a development stage company)Statements of Operations(In thousands, except per share amounts)(Unaudited) Period fromThree Months Ended Nine Months Ended September 12, 2002September 30, September 30, (Inception) to 2010200920102009September 30, 2010Revenues:Collaborative agreement $286$-$286$-$

460License revenue 22226666507Total revenues 3082235266967Operating expenses:Research and development 8,1869,59221,75338,579238,312General and administrative 6,

SOURCE Orexigen Therapeutics, Inc.
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