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Biotech / Medical : VVUS: VIVUS INC. (NASDAQ)
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To: saszu who wrote (18292)1/28/1999 9:33:00 PM
From: VLAD  Read Replies (1) of 23519
 
sAs,

I was told long ago by NF(who I don't believe knows what she is talking about 1/2 the time) that Astra milestones for Europe would not be payable until after all 4 of the countries of Germany, France, Italy, and Spain give their approval.

But I have been told by others that Vivus will be paid $2M after each individual country approves. So which is it??? Does Vivus get the milestones only after all 4 approve or do they get to collect as each country approves?

Another question I would like to have answered is if the paper work process for approval for these European countries is being done by Vivus or Astra? This I feel is important to know if we want to get a better idea on time frame for individual country approvals.
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