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Biotech / Medical : VVUS: VIVUS INC. (NASDAQ) -- Ignore unavailable to you. Want to Upgrade?


To: blankmind who wrote (5819)3/5/1998 9:17:00 AM
From: EyeDrMike  Read Replies (1) | Respond to of 23519
 
MOUNTAIN VIEW, Calif.--(BW HealthWire)--March 5, 1998--VIVUS, Inc. (NASDAQ:VVUS - news) today announced that a class action lawsuit has been filed in California Superior Court for San Mateo County.

The suit names VIVUS and certain senior executives and Board members as defendants and claims violations of the California state securities laws. The suit is filed on behalf of those shareholders who purchased VIVUS stock between May 15, 1997 and Dec. 9, 1997.

VIVUS believes the allegations in the lawsuit are without merit and will vigorously defend against this action.

Founded in 1991, VIVUS, Inc. is a leader in the development of advanced therapeutic systems for the treatment of erectile dysfunction, commonly referred to as impotence. VIVUS has pioneered a novel therapy for erectile dysfunction known as the transurethral system for erection. This therapy consists of a proprietary, non-invasive drug delivery system that delivers pharmacologic agents via the urethra.
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Contact:

VIVUS, Inc.
Nina W. Ferrari or David Yntema, 650/934-5200