On an intent-to-treat basis, which includes all randomized patients who recorded at least one post-baseline body weight measurement, Contrave demonstrated mean weight loss of 4.0% of baseline body weight at 16 weeks and 5.2% at 24 weeks

EX-10.20 3 a25623a1exv10w20.htm EXHIBIT 10.20 exv10w20
 

EXHIBIT 10.20
January 17, 2007
Dr. Richard Soltero
President
PharmaDirections, Inc.
5001 Weston Parkway, Suite 103
Cary , NC 27513
     
Re:
  Extension of Consulting Agreement with Orexigen
 
  Therapeutics, Inc. dated December 9, 2005
Dear Rick:
We refer to the Consulting Agreement dated as of December 9, 2005 (the “Consulting Agreement”) between Orexigen Therapeutics, Inc. and PharmaDirections, Inc. As you know, the Term of the Consulting Agreement was set to expire on December 9, 2006. Notwithstanding the foregoing, both parties have continued to work under the terms of the Consulting Agreement following this expiration and as such desire to memorialize their mutual intent to extend the Term until December 31, 2007. Capitalized terms used herein and not otherwise defined herein shall have the meanings set forth in the Consulting Agreement.
It is hereby agreed by you and us that:
  (a)   Section 2 should be amended and replaced in its entirety to read as follows:
 
      “The term of this Agreement (the “Term”) shall commence on the date hereof and shall expire on December 31, 2007, unless extended by the mutual agreement of the Company and Consultant; provided that the Company may terminate the Agreement upon thirty (30) days written notice to Consultant. Sections 4, 5 and 6 shall survive expiration of the Term of termination of this Agreement.”
 
  (b)   The Consulting Agreement, as amended by this letter amendment, is and shall continue to be in full force and effect and is hereby in all respects ratified and confirmed.
If you agree to the terms and provisions hereof, please evidence such agreement by executing and returning a copy of the counterpart of this letter by pdf attachment to ***@*** or by facsimile to ###-###-####, followed by one (1) counterpart of this letter amendment sent by mail or courier to Orexigen Therapeutics, Inc., 12481 High Bluff Drive, Suite 160, San Diego, CA 92130, Attention of Anthony McKinney. This letter amendment shall become effective as of the date first above written when and if counterparts of this letter amendment shall have been executed by us and you.
This letter amendment may be executed in any number of counterparts and by any combination of the parties hereto in separate counterparts, each of which counterparts shall be an original and all of which taken together shall constitute one and the same letter amendment, and this letter amendment shall be governed by the laws of the State of North Carolina.
Very truly yours,
 
/s/ Anthony A. McKinney
Anthony A. McKinney
Chief Operating Officer
APPROVED AND ACCEPTED THE 17th DAY OF JANUARY, 2007:
     
PharmaDirections, Inc.
 
 
   
By: 
/s/ Dr. Richard Soltero
 
     
Name: Richard Soltero
 
Title: President
 
Orexigen Therapeutics Inc.
12481 High Bluff Drive, Suite 160, San Diego CA 92130
Office: 858 ###-###-####
Fax: 858 ###-###-####
www.orexigen.com