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

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To: VLAD who wrote (21222)	4/23/1999 2:38:00 AM
From: VLAD	Read Replies (2) of 23519

****EVEN BETTER(SORT OF) NEWS*** This I just heard from a reliable long time source: Vivus was fairly sure that they had a deal in the bag for a domestic partner with AZ. The main person Vivus was negotiating with at Astra before the merger had given the green light for the deal. Then this merger crap creates some undesired turmoil. Evidently the higher up of the Astra negotiator is a Zeneca man. And due to egos and a still in process jockeying for power struggle the Zeneca man decided to flex his ego and not give approval for the deal. Can't blame Lee for that. I hear that Vivus is not going to have its chain pulled by this jerk from Zeneca. They still would like the deal but they are not going to hold their breath. So in the mean time Vivus is focusing on negotiations with the number 2 large pharma interest on their list. If the Zeneca jerk would give the green flag then Vivus could announce a deal tomorrow. If this jerk want to play hard ball so be it. Then Vivus moves on and hopefully works out a reasonable deal with the other pharma. Point is that there always was a domestic partner lined up (ie Astra) but the merger with Zeneca stunk it all up. However this doesn't mean that the present hurdle can't be crossed in the very near future. Oh and that extra money that we were wondering about after the cc. It all came from Astra/Zeneca. Apparently in their contract Astra was obligated to front a certain amount of money even if they were not ordering product that Vivus could have to guarantee operations income and that would be credited to Astra when future product orders are made. It was money in the bank for Vivus and has no effects on future earnings since it was not calculated into present earnings but just the bottom line. More to come. VLAD

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