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Orexigen Therapeutics Closes $30 Million Series C

Wednesday, November 22, 2006 8:00:00 AM PDT | VentureDeal Staff

SAN DIEGO, CA --  Orexigen, a clinical-stage neuroscience company, announced the completion of its third round of funding in the amount of $30 million. 

New investors MPM BioEquities and Wasatch Advisors joined all existing investors in the new round.

Orexigen, is developing two new drugs to treat obesity and is currently in phase II/III clinical testing.  The company also has other drugs in earlier stages of testing.

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