Orexigen (OREX) Higher Early Heading into Qnexa's PDUFA Date (VVUS)

Orexigen Therapeutics (Nasdaq: OREX) is up in early trading today following a note from Jefferies on the potential for Orexigen rival VIVUS' (Nasdaq: VVUS) obesity drug, Qnexa. The firm gives a 50-50 chance of FDA approval for Qnexa. For more on the note, click here.

Volatility on the session is up about 1 percent, with shares moving above 4 percent on the session.

VIVUS has a PDUFA date of July 17th for Qnexa

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