Saturday, September 12, 2009

VVUS weight loss drug to top 1B after FDA approval

stock selling off profit taking which is usual after huge one day rise...looking to re-enter on dip. I'm flat right now (VVUS)- Vivus ......Keep an eye on this one!

Wonder Diet Drug Beefs Up Vivus

An experimental drug showed strong results in 2 late-stage trials. Vivus said obese patients treated with drug Qnexa lost an average of 37 pounds or 14.7% of body weight in a year -- the best for any obesity drug ever. Side effects included dry mouth and insomnia, but no heart issues. Analysts expect annual sales to top $1 bil after FDA approval. Vivus shot up 71% to 11.80.

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