Orexo’s drug discovery collaboration terminated and OX-CLI/OX-ESI projects end

Orexo’s drug discovery collaboration terminated and OX-CLI/OX-ESI projects end

Uppsala – January 31, 2012 - Orexo AB and Janssen Pharmaceuticals, Inc.,
formerly Ortho-McNeil-Janssen Pharmaceuticals, Inc. and Janssen Pharmaceutica NV
("Janssen"), have decided to end their research collaboration and license
agreement regarding the OX-CLI and OX-ESI programs and a third, undisclosed
Janssen program. Each party has regained all commercial rights for its
respective drug discovery programs.

Hence, the OX-CLI and OX-ESI programs, focusing on discovering and developing
innovative new treatments for asthma, chronic obstructive pulmonary disease and
other inflammatory diseases, will be closed.

For further information, please refer to the interim report January-December
2011, on the company’s website.

 

For further information, please contact:
Anders Lundström, President and CEO
Phone: +46 70-667 22 66
E-mail: anders.lundstrom@orexo.com

Peter Edman, CSO
Phone: +46 70-586 20 30
E-mail: peter.edman@orexo.com

About Orexo
Orexo is a pharmaceutical company focusing on developing treatments for pain and
inflammation. The company has four commercialized products, several projects
developed in partnership as well as three proprietary development programs.
Orexo’s registered products are Abstral® for the treatment of breakthrough
cancer pain, sold by Kyowa Hakko Kirin/ProStrakan Group plc. in Europe and in
the USA, the sleeping pill Edluar™, sold by Meda in the USA, as well as two
products for the diagnosis of Helicobacter pylori which are being marketed by
the subsidiary Kibion. More information can be found at www.orexo.com

Note:
This is information that Orexo AB (publ) discloses pursuant to the Financial
Instruments Trading Act and/or Securities Market Act. The information was
provided for public release on January 31, 2012 at 08:30 CET. This press
release has been prepared in both Swedish and English. In the event of any
discrepancy in the content of the two versions, the Swedish version shall take
precedence.