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Orexigen Contrave up 10% on Contrave distribution deal with Merck KGaA for Latin America

Published 11/13/2017, 12:01 PM
© Reuters.  Orexigen Contrave up 10% on Contrave distribution deal with Merck KGaA for Latin America
  • Orexigen Therapeutics (OREX +10.3%) inks an agreement with Merck (NYSE:MRK) KGaA (OTCPK:MKGAF) for exclusive distribution rights for obesity med Contrave (naltrexone HCl/bupropion HCl extended-release) for Latin America, including Brazil and Mexico.
  • Under the terms of the contract, Merck will be responsible for all commercialization and regulatory activities in the territory. Orexigen will receive an upfront payment and regulatory- and sales -based milestones. Specific financial terms are not disclosed.
  • Now read: Orexigen Therapeutics (OREX) Presents At 2017 BIO Investor Forum - Slideshow


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