Brean Murray Positive on Vivus (VVUS) after Approval
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Price: $0.47 --0%
Rating Summary:
3 Buy, 6 Hold, 4 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 15 | Down: 23 | New: 41
Rating Summary:
3 Buy, 6 Hold, 4 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 15 | Down: 23 | New: 41
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Brean Murray Carret & Co. reiterated their Buy rating and $30 price target on Vivus (NASDAQ: VVUS) following FDA approval of Qsymia withouth harsh or unexpected restrictions.
The firm notes Qsymia will be on the market in 4Q12, importantly ahead of Arena's (Nasdaq: ARNA) competing drug Belviq.
"We believe that the restrictions placed upon Qsymia use are on the favorably mild end of the spectrum."
For an analyst ratings summary and ratings history on Vivus click here. For more ratings news on Vivus click here.
Shares of Vivus closed at $26.46 yesterday.
The firm notes Qsymia will be on the market in 4Q12, importantly ahead of Arena's (Nasdaq: ARNA) competing drug Belviq.
"We believe that the restrictions placed upon Qsymia use are on the favorably mild end of the spectrum."
For an analyst ratings summary and ratings history on Vivus click here. For more ratings news on Vivus click here.
Shares of Vivus closed at $26.46 yesterday.
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