We use cookies on this site to enable your digital experience. By continuing to use this site, you are agreeing to our cookie policy. close

Orexigen Cleared For Wind Down After Del. Ch. 11 Confirmed

Law360 (May 17, 2019, 8:33 PM EDT) -- Remnants of largely sold-off biopharmaceutical firm Orexigen Therapeutics Inc. whisked through a Chapter 11 plan confirmation in Delaware on Friday, clearing the way for a wind down of the business and remaining litigation.

Orexigen put the plan to U.S. Bankruptcy Judge Kevin Gross for approval 11 months after the company sold all is marketable assets — mainly those associated with weight-loss drug Contrave — to Nalpropion Pharmaceuticals for $73.5 million.

Under the plan, restructuring firm Province Inc. will serve as the liquidating estate’s wind-down professional, with former unsecured creditor committee members serving as advisers.

“I’d say that my clients have never been...

Stay ahead of the curve

In the legal profession, information is the key to success. You have to know what’s happening with clients, competitors, practice areas, and industries. Law360 provides the intelligence you need to remain an expert and beat the competition.


  • Access to case data within articles (numbers, filings, courts, nature of suit, and more.)
  • Access to attached documents such as briefs, petitions, complaints, decisions, motions, etc.
  • Create custom alerts for specific article and case topics and so much more!

TRY LAW360 FREE FOR SEVEN DAYS