QVT Financial Pleased with VIVUS (VVUS) Settlement; Changes Filing to 13G

QVT Financial filed a 13G with the U.S. SEC showing a 8.28 percent, or 8,346,697 share, stake in VIVUS, Inc. (Nasdaq: VVUS). QVT previously filed an amended 13D on May 20th with the same number of shares. In the current filing, the firm made the following statement:

QVT Financial LP, QVT Financial GP LLC, QVT Associates GP LLC, and QVT Fund V LP previously filed a Schedule 13D on November 15, 2012, as a result of their determination that they no longer beneficially owned shares of Common Stock without any purpose or effect of changing or influencing control of the Issuer. On July 18, 2013, the Issuer announced that a settlement had been reached between the Issuer and First Manhattan Co. The Reporting Persons are pleased with the announced settlement and, as a result, now once again hold the Common Stock without any purpose or effect of changing or influencing control of the Issuer. Accordingly, the Reporting Persons are now filing this Schedule 13G as permitted by Rule 13d-1(h).

Shares of VIVUS are up in early trading Friday.

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