Orexo launches next step in strategy, new development programs and announces change of CEO
Uppsala, August 20, 2010 - Orexo AB's (STO: ORX) Board of Directors today have launched the next step in its strategy to focus its business model on deploying Orexo’s well established and proven reformulation technologies to develop new proprietary products targeted at the Specialty Pharmaceutical market. As part of this strategy, Orexo has initiated the first three development programs. The company intends to commercialise these products through an Orexo-owned marketing and sales organization, starting in one of the major markets EU or USA. To optimise execution of this strategy, the