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Biotech / Medical : VVUS: VIVUS INC. (NASDAQ)

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To: Frostman who wrote (9756)6/17/1998 12:35:00 PM
From: VLAD  Read Replies (3) of 23519
 
FWIW,

I just spoke to management and here is all the information I can offer:

1)Still no reason not to expect FDA approval this month. Unaware of any problems which would cause a rejection.

2)Vivus is fully aware of the shareholder sentiment and has no control of the stock price including the effects of the shorters.

3)The main focus now is on production (new plant) and marketing.
vivus again has no control of external factors ie media hype of Viagra.

4)Vivus expects a loss this Q. A lot of product has been sold over seas but at a much lower profit.

5)Vivus looking very closely at costs and if it finds that the new sales reps are not effective they will seriously consider getting a large player to market/sell MUSE.

6)Vivus has discussed PR help from Astra. Astra is very conservative in advertising and may help out but no promises.

7)Vivus knows that things look ugly in terms of perception, stock price, Viagra--they are still confident that things will turn around in Q3 and Q4. They feel that US script numbers are the main focus and not international sales.

8)Vivus will be having a meeting on June 29th for institutional investors etc...Last I checked there was 50 institutions long on Vivus.

I personally feel that Vivus will recover but in the short term the shorts will rule.
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