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

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To: Nick Prezioso who wrote (11034)7/9/1998 9:21:00 PM
From: Mark A. Stang  Read Replies (2) of 23519
 
Inventory Concern

Nick--I'm not too worried about HVSF, and you are clearly wrong about the efficacy of VVUS product, but you have correctly identified an important issue--inventory and shelf life.

VVUS has $16M in inventory, up from $9M last quarter. Based on 2-Q sales (w/no increase), that's a 3-month backlog. I noted my concern about inventory in a posting yesterday.

What is the shelf life of Muse? It seems to me it's got to be more than 3 months. It has to be refrigerated, doesn't it? (Hope they've got a back-up generator at the plant in Lakewood). Can someone more acquainted with the facts address this issue?

And what were those VVUS workers reportedly smiling about as reported by some observers during the past two months--taking off the summer with severance pay?
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