Orexigen's (NASDAQ: OREX) news this week wasn't all bad -- after all, it looks like drug Contrave is a good bet for approval, the market's unhappiness about the FDA's delayed PDUFA date notwithstanding.
The delay in potential approval was tied to the need to find an agreement about post-marketing requirements. That seems to imply that the drug will be...approved to be marketed. Nonetheless, given the commercialization troubles competitors Arena Pharmaceuticals (ARNA) and VIVUS (VVUS) have had, some caution is appropriate when considering potential sales.
In this week's health care-focused episode of Where The Money Is, health care analysts Michael Douglass and David Williamson lay out why they still prefer to wait on the sidelines.
