Orexigen Therapeutics, Inc. (NASDAQ:OREX) has announced and presented their new data from the COR diabetes trials for Contrave to expand on top line results announced in July this year. This new data shows that after completing 56 weeks of therapy, Contrave patients have lost weight significantly and improved on important markers of cardiometabolic risk. Though it was good news for investors and analysts, shares dropped a bit and showed no signs of moving upward. The new data was presented during the panel discussion at the 27th Annual Scientific Meeting of The Obesity Society.

Obese patients have a higher risk of developing cardiovascular disease and diabetes. After the Contrave trials patients demonstrated significant improvements in their waist circumference, HDL and triglycerides. Patients with Type 2 diabetes taking Contrave saw a

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My Picks for Wednesday September 30, 2009, are:

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OREX, Orexigen Therapeutics, Inc.

OREX is a biopharmaceutical company focused on the treatment of obesity. OREX’s lead investigational product, Contrave, has completed Phase 3 clinical trials and is on track for a regulatory submission with the FDA in the first half of 2010. OREX’s second product candidate, Empatic, has completed Phase 2 clinical development. Each product candidate is designed to act on a specific group of neurons in the central nervous system with the goal of achieving appetite suppression and sustained weight loss, through combination therapeutic

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PAVILION ENERGY RESO (PVRE.PK)

PVRE is an independent oil and gas company which is positioning itself to generate earnings from energy production. The Company’s goal is to achieve short-term profitability from acquiring and producing onshore, quality light and heavy oil properties that are either cashflow positive or near cashflow positive.

Pavilion Energy Resources, Inc. (Pinksheets:PVRE - News) (the “Company”) announces that as part of its growth strategy to secure income producing energy assets, PVRE is now finalizing arrangements to acquire its first income-producing US onshore oil-gas wells and reserves.

More information on… PVRE

SOUTH SHORE RESOURCE (SSHO.PK)

South Shore Resources Inc. is a company engaged in the manufacturing, marketing, sales and distribution of products which are committed to fuel savings with the use of Hydrogen Generating Modules and related accessories to the transportation and automotive manufacturing industries which are either in development and/or the commercialization stages

South Shore Resources Inc. (Pinksheets:SSHO) Completes Initial Testing

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Highlights include Arena Pharmaceuticals, Inc. (ARNA), Vivus, Inc. (VVUS), Orexigen Therapeutics, Inc. (OREX) Merck & Co., Inc. (MRK) and Johnson & Johnson (JNJ.Arena's Lorcaserin Approvable, But No BlockbusterOn March 30, 2009, Arena Pharmaceuticals (ARNA) released the much-anticipated results of the 2-year BLOOM clinical trial studying 10mg BID lorcaserin vs. placebo. Full data will be presented at the American Diabetes Association (ADA) meeting in early June 2009.The results are mixed, in our view. To put things in perspective, we will analyze the data stand-alone based on the FDA's guidelines for approvability. FDA guidelines say that one of the below two endpoints must be met:1) The drug must demonstrate a mean categorical weight loss of 5% in greater than 35% of the study participants, and these results must be twice that of the placebo group.The BLOOM ...

Here are the stocks added to the Zacks #1 Rank ("strong buy") List today:

Aaron Rents Inc (RNT) Alliance One International Inc (AOI) BioReference Laboratories Inc (BRLI) Claude Resources Inc (CGR) Corus Entertainment Inc (CJR) DaVita Inc (DVA) DepoMed Inc (DEPO) Gammon Gold Inc (GRS) Jarden Corp (JAH) ManTech International Corp (MANT) Orexigen Therapeutics Inc (OREX) Pennichuck Corp (PNNW) PokerTek Inc (PTEK) Radio One Inc (ROIAK) ResMed Inc (RMD) South Jersey Industries (SJI) Tucows Inc (TCX) View the entire Zacks #1 Rank List.

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Here are the stocks added to the Zacks #1 Rank ("strong buy") List today:

Aaron Rents Inc (RNT) Access National Corp (ANCX) Allied World Assurance Holdings Ltd (AWH) Atlantic Tele-Network Inc (ATNI) Compania de Minas Buenaventura SA (BVN) Corus Entertainment Inc (CJR) Culp Inc (CFI) Dassault Systemes SA (DASTY) DaVita Inc (DVA) DepoMed Inc (DEPO) EZCORP Inc (EZPW) Geron Corp (GERN) Grand Canyon Education Inc (LOPE) Grupo Financiero Galicia SA (GGAL) IPCS Inc (IPCS) Ivanhoe Mines Ltd (IVN) Lundin Mining Corp (LMC) Masimo Corp (MASI) Medivation Inc (MDVN) National Grid Plc (NGG) Noven Pharmaceuticals Inc (NOVN) Oncolytics Biotech Inc (ONCY) Orexigen Therapeutics Inc (OREX) Radvision Ltd (RVSN) Santarus Inc (SNTS) Taleo Corp (TLEO) View the entire Zacks #1 Rank List.

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Here are the stocks added to the Zacks #1 Rank ("strong buy") List today:

American Public Education Inc (APEI) Basilea Pharmaceutic (BPMUF) Baxter International Inc (BAX) Blackrock Kelso Capital Corp (BKCC) Briggs & Stratton Corp (BGG) Claude Resources Inc (CGR) Conagra Foods Inc (CAG) Consolidated Water Co Ltd (CWCO) EMS Technologies Inc (ELMG) Flowers Foods Inc (FLO) Gammon Gold Inc (GRS) Grupo Financiero Galicia SA (GGAL) IMAX Corp (IMAX) Immucor Inc ( BLUD) Insulet Corp (PODD) Ivanhoe Mines Ltd (IVN) J&J Snack Foods Corp (JJSF) Jarden Corp (JAH) ManTech International Corp (MANT) Monro Muffler Brake Inc (MNRO) NMT Medical Inc (NMTI) NxStage Medical Inc (NXTM) Odyssey HealthCare Inc (ODSY) Orexigen Therapeutics Inc (OREX) Peet's Coffee & Tea Inc (PEET) PokerTek Inc (PTEK) Stamps.com ...

Here are the stocks added to the Zacks #1 Rank ("strong buy") List today:

Amerisafe Inc (AMSF) Anaren Inc (ANEN) Biovail Corp (BVF) Blackrock Kelso Capital Corp (BKCC) Continucare Corp (CNU) Crucell NV (CRXL) Fairfax Financial Holdings Ltd (FFH) FalconStor Software Inc (FALC) Foster's Group Ltd (FBRWY) Horsehead Holding Corp (ZINC) i2 Technologies Inc (ITWO) Insulet Corp (PODD) Jazz Pharmaceuticals Inc (JAZZ) Kubota Corp (KUB) Medivation Inc (MDVN) Nash-Finch Co (NAFC) Orexigen Therapeutics Inc (OREX) PRIMEDIA Inc (PRM) Radiant Logistics Inc (RLGT) ResMed Inc (RMD) Skilled Healthcare Group Inc (SKH) Syniverse Holdings Inc (SVR) Triangle Petroleum Corp (TPLM) Veolia Environnement (VE) Wireless Ronin Technologies Inc (RNIN) Zurich Fincl Svcs (ZFSVF) View the entire Zacks #1 Rank List.

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Here are the stocks added to the Zacks #1 Rank ("strong buy") List today:

AEterna Zentaris Inc. (AEZS) Alleghany Corp. (Y) Amerisafe Inc. (AMSF) AXA (AXA) Banco Bilbao Vizcaya Argentaria SA (BBV) Bio-Imaging Technologies Inc. (BITI) Capitol Federal Financial (CFFN) Cardiome Pharma Corp. (CRME) CBIZ Inc. (CBZ) Cincinnati Bell Inc. (CBB) Conn's Inc. (CONN) Dean Foods Co. (DF) Denison Mines Corp. (DNN) Flanders Corp. (FLDR) GeoEye Inc. (GEOY) HMS Holdings Corp. (HMSY) Innovative Solutions & Support Inc. (ISSC) Inverness Medical Innovations Inc. (IMA) Investors Bancorp Inc. (ISBC) IPC The Hospitalist Co. Inc. (IPCM) Javelin Pharmaceuticals Inc. (JAV) Jos. A. Bank Clothiers Inc. (JOSB) Kaman Corp. (KAMN) Kao Corp. (KCRPY) La Jolla Pharmaceutical Co. (LJPC) Lancaster Colony Corp. (LANC) Life Partners Holdings Inc. (...

Here are the stocks added to the Zacks #1 Rank ("strong buy") List today:

Aaron Rents Inc. (RNT) AEterna Zentaris Inc. (AEZS) Alleghany Corp. (Y) Aradigm Corp. (ARDM) ARM Holdings Plc. (ARMH) Banco Bilbao Vizcaya Argentaria SA (BBV) CombinatoRx Inc. (CRXX) CSG Systems International Inc. (CSGS) CTI Industries Corp. (CTIB) El Paso Pipeline Partners L.P. (EPB) Enersis S.A. (ENI) Ensign Group Inc. (ENSG) FPIC Insurance Group Inc. (FPIC) GeoEye Inc. (GEOY) ITT Educational Services Inc. (ESI) Kaman Corp. (KAMN) Labopharm Inc. (DDSS) Longtop Financial Technologies Ltd. (LFT) Maiden Holdings Ltd. (MHLD) Noven Pharmaceuticals Inc. (NOVN) Open Text Corp. (OTEX) ORBCOMM Inc. (ORBC) Orexigen Therapeutics Inc. (OREX) OSG America L.P. (OSP) PetMed Express Inc. (PETS) Richardson Electronics Ltd. (RELL) Thomson Reuters Plc. (RELL) ...