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News Breaks | | | | January 18, 2013 | | 09:36 EDT |  | VVUS | First Manhattan reports 7.2% stake in VIVUS
First Manhattan, or FMC, and First BioMed Management Associates, or FBMA, and together with FMC, the “Reporting Persons." The Reporting Persons initially acquired beneficial ownership of the shares of Common Stock of the VIVUS for investment purposes because they believed the Shares represented an attractive investment opportunity. Recently, the Reporting Persons have become concerned about the declining value of the shares of the Issuer and the strategic direction of its management. In particular, the Reporting Persons have become more concerned about the Qsymia launch, the lack of revenue guidance from the Issuer as compared to analyst estimates, and management's repeated statements that it intends to follow its commercial partnering strategy of "renting" a second detail position on a large pharmaceutical sales force instead of a more traditional partnership structure. As a result, the Reporting Persons have had discussions with the Issuer's management, and expect to continue to have similar discussions with management, the board, other shareholders of the Issuer and other relevant parties, relating to the Issuer's business, operations, strategy, governance, future plans and related matters. | |
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News For VVUS From The Last 14 Days Check below for free stories on VVUS the last two weeks. |
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| May 14, 2013 | | 10:01 EDT |  | VVUS | On The Fly: Analyst Downgrade Summary
Today's noteworthy downgrades include: AVG Technologies (AVG) downgraded to Neutral from Buy at Goldman... Cigna (CI) downgraded to Hold from Buy at Jefferies... Cree (CREE) downgraded to Neutral from Buy at Sterne Agee... Melco Crown (MPEL) downgraded to Neutral from Buy at UBS... SolarCity (SCTY) downgraded to Neutral from Buy at Roth Capital... KB Home (KBH) downgraded to Market Perform from Outperform at Raymond James... Ryland Group (RYL) downgraded to Underperform from Market Perform at Raymond James... Alere (ALR) downgraded to Hold from Buy at Craig-Hallum... Evolution Petroleum (EPM) downgraded to Hold from Buy at MLV Equity... Oil States (OIS) downgraded to Hold from Buy at BB&T... VIVUS (VVUS) downgraded to Neutral from Buy at Lazard Capital. | | | 07:33 EDT | | VVUS | VIVUS downgraded to Neutral from Buy at Lazard Capital
 Subscribe for More Information | | | May 13, 2013 | | 07:41 EDT | | VVUS | VIVUS mails letter to stockholders providing business update
Subscribe for More Information | | | May 8, 2013 | | 07:35 EDT |  | VVUS | VIVUS reports Q1 EPS (53c), consensus (51c)
Reports Q1 revenue $4.11M, consensus $5.22M. | | | May 7, 2013 | | 16:52 EDT | | VVUS | First Manhattan Co. releases case for full board change at VIVUS
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