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Business

Bankrupt Orexigen to sell for $75 million

by Ryan Cross
April 29, 2018 | A version of this story appeared in Volume 96, Issue 18
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Orexigen has struck a deal to sell itself for $75 million to a newly formed company called Nalpropion Pharmaceuticals. San Diego-based Orexigen filed for bankruptcy in March. Its main product is a weight loss pill called Contrave that didn’t sell as expected. Nalpropion was formed by an investor group including Pernix Therapeutics.

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