VIVUS (VVUS) Tops Q2 EPS by 20c

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VIVUS Reports 2016 Second Quarter Financial Results

August 4, 2016 4:16 PM EDT

MOUNTAIN VIEW, CA -- (Marketwired) -- 08/04/16 -- VIVUS, Inc. (NASDAQ: VVUS) (The "Company"), a biopharmaceutical company commercializing and developing innovative, next-generation therapies to address unmet needs in obesity and sexual health, today provided a business update and reported its financial results for the second quarter ended June 30, 2016. The net loss for the 2016 second quarter was $11.4 million as compared to $49.4 million in 2015. Cash, cash equivalents and available-for-sale securities was $220.2 million at June 30, 2016.

"In the second quarter of 2016, we made significant strides to optimize the value of Qsymia and STENDRA," said Seth H. Z. Fischer,... More