Orexigen Raises $60 Million in Sale of Common Stock to Baupost
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Orexigen Therapeutics (OREX) Raises $60M from Baupost Investment
September 10, 2015 9:19 AM EDTOrexigen Therapeutics, Inc. (Nasdaq: OREX) today announced that funds managed by The Baupost Group, L.L.C. have purchased 20 million shares of its common stock and warrants to purchase 5 million shares of its common stock in a Private Placement, at a purchase price of $3 per share of common stock and 0.25 of a warrant, raising $60 million. The warrants are exercisable for five... More
