VIVUS (VVUS) Sees Pressure Following Equity Offering
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After falling nearly 11% intra-day, VIVUS (Nasdaq: VVUS) is continuing lower after-hours after announcing a 8.5 million equity offering. Shares last traded at $20.91, down another 1.6%.
Despite the recent selling pressure shares of VIVUS are up 95 percent since an FDA panel backed the company's obesity drug Qnexa.
Despite the recent selling pressure shares of VIVUS are up 95 percent since an FDA panel backed the company's obesity drug Qnexa.
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