Orexo adjusts EBIT expectations for Q4, 2013
Uppsala, Sweden – December 20, 2013 – Orexo AB, “Orexo” (OTCQX: ORXOY; NASDAQ OMX Stockholm: ORX) announces adjustment to earlier communicated EBIT expectations for Q4 2013 with continuation of current conservative revenue recognition practise. Since launch of Zubsolv® in US, Orexo has supplied US wholesalers with products at a total value of close to USD 11 million. As the launch of Zubsolv is still in an early phase, Orexo has decided to continue with its current conservative revenue recognition practice, which is based on actual patient demand for Zubsolv, and not switch to a revenue