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Biotech / Medical : VVUS: VIVUS INC. (NASDAQ)
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To: Linda Kaplan who wrote (3316)12/10/1997 5:57:00 PM
From: DR. BOND  Read Replies (3) of 23519
 
A quick note from my recent conversations with Nina at VVUS.

1. The shortfall in production was attributed to mgmt. moving their most experienced personel over from the old plant to the new plant (along with some production equipment) in order to facilitate a speedy approval process by the MCA (who inspected the new plant last week). As a result of this personel and equipment move, the old plant suffered in productivity mainly due to new hires lack of experience and the fact that some of the new equipment was different and required specific training. Mgmt. thought they could make this shortfall up but realized this Monday in a Board Meeting that capacity would fall short and hence today's announcement.

2. Mgmt believes that production will be back to 100% by mid January.

3. The new plant which was inspected last week could be online by early January, but given the approval process, mid-Feb. is more likely.

4. No conference call is planned at the present time but an interview was done by Bloomberg and is available on Bloomberg Radio.

5. As for Arsenio and the Lancet, mgmt. discredits their accounts and stands by their positon that MUSE not only works well (approx. 65% ethicasy) and that IMS data does not reflect the true picture (Arsenio).

6. Mgmt. indicated the they are active in the market buying their own stock back and mgmt. also will not be selling any stock at this time as per their systematic 90 day stock sale plan.

I was able to get through today to Nina who seemed eager to defend the companies postion, but I am very disappointed by mgmts. decision not to conduct a conference call. I am tired, so I am signing off for now.

Hanging Tough..Good Luck to ALL,

DB
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