Orexigen (OREX +3.4% to $5.71) prices an offering of 11M shares at $5.50, just below yesterday's...

|About: Orexigen Therapeutics, Inc. (OREX)|By:, SA News Editor

Orexigen (OREX +3.4% to $5.71) prices an offering of 11M shares at $5.50, just below yesterday's close of $5.52. Net proceeds will be $56.5M, while there's also a greenshoe option of 1.65M shares. The offering comes just days after Orexigen said the FDA supports speeding up the application for weight loss pill Contrave.