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ISS, Glass Lewis Reject FMC's Attempt to Take Control of VIVUS's Board

VIVUS, Inc. (NASDAQ: VVUS) (the "Company"), a pharmaceutical company commercializing and developing innovative, next-generation therapies to address unmet needs in obesity and sexual health, today issued the following statement in response to reports by Institutional Shareholder Services (ISS) and Glass Lewis & Co. (Glass Lewis) regarding VIVUS's 2013 Annual Meeting of Stockholders to be held on July 15, 2013:

We are pleased that ISS and Glass Lewis support the election of the majority of VIVUS's director nominees and recommend that stockholders reject First Manhattan Co.'s ("FMC") attempt to take control of VIVUS. In its July 3, 2013 report, ISS recognized VIVUS's successful execution and stated that "Vivus' management team has made progress over the past year in spite of the unexpectedly severe impact of the REMS restrictions on Qsymia's product launch last July. The company was able to get the REMS restriction lifted

See full press release

Posted-In: News Guidance Contracts Management Global

 

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