/raid1/www/Hosts/bankrupt/TCR_Public/181124.mbx          T R O U B L E D   C O M P A N Y   R E P O R T E R

              Saturday, November 24, 2018, Vol. 22, No. 327

                            Headlines

OREXIGEN THERAPEUTICS: Suffers $1.87 Million Net Loss in September

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OREXIGEN THERAPEUTICS: Suffers $1.87 Million Net Loss in September
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Orexigen Therapeutics, Inc., filed with the U.S. Securities and
Exchange Commission its monthly operating report for September
2018.

The Debtor's statement of operations showed a net loss of
$1.87 million on $179,000 in product sales for the month, as
compared to $492,000 net income reported for August.

The Debtor posted $41.91 million in total assets, $7.64 million
in total liabilities not subject to compromise, $243.28 million in
total liabilities subject to compromise, and -$209.00 million in
total shareholders' equity as of September 30, 2018.

The Debtor started the month with $37.43 million cash.  It listed
total cash receipts of -$281,000 and total disbursements of
$3.55 million.  Taking into account lender professional fees of
$148,000, the Debtor had $33.46 million cash at month end.

A copy of the monthly operating report is available at the SEC at:

                  https://is.gd/hnvFX9

               About Orexigen Therapeutics

Based in La Jolla, California, Orexigen Therapeutics, Inc. --
http://www.orexigen.com/-- is a biopharmaceutical company focused
on the treatment of weight loss and obesity.  It is a publicly
traded company with its shares listed on The NASDAQ Global Select
Market under the ticker symbol "OREX".  The company has 111
employees in the U.S.
                  
Orexigen Therapeutics sought protection under Chapter 11 of the
Bankruptcy Code (Bankr. D. Del. Case No. 18-10518) on March 12,
2018.  In its petition signed by Michael A. Narachi, president and
CEO, the Debtor disclosed $265.1 million in assets and $226.4
million in liabilities.

Judge Kevin Gross presides over the cases.

The Debtor tapped Hogan Lovells US LLP as bankruptcy counsel;
Morris, Nichols, Arsht & Tunnell LLP as Delaware counsel; Ernst &
Young LLP as financial advisor; Perella Weinberg Partners as
investment banker; and Kurtzman Carson Consultants LLC as claims
and noticing agent.

Andrew R. Vara, Acting U.S. Trustee for Region 3, appointed three
creditors to serve on the official committee of unsecured
creditors.



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S U B S C R I P T I O N   I N F O R M A T I O N

Troubled Company Reporter is a daily newsletter co-published
by Bankruptcy Creditors Service, Inc., Fairless Hills,
Pennsylvania, USA, and Beard Group, Inc., Washington, D.C., USA.  
Jhonas Dampog, Marites Claro, Joy Agravante, Rousel Elaine
Tumanda, Valerie Udtuhan, Howard C. Tolentino, Carmel Paderog,
Meriam Fernandez, Joel Anthony G. Lopez, Cecil R. Villacampa,
Sheryl Joy P. Olano, Psyche A. Castillon, Ivy B. Magdadaro, Carlo
Fernandez, Christopher G. Patalinghug, and Peter A. Chapman, Editors.

Copyright 2018.  All rights reserved.  ISSN: 1520-9474.

This material is copyrighted and any commercial use, resale or
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re-mailing and photocopying) is strictly prohibited without prior
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The TCR subscription rate is $975 for 6 months delivered via
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are $25 each.  For subscription information, contact Peter A.
Chapman at 215-945-7000.

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