Vivus earnings beat expectations
USA-based Vivus (Nasdaq: VVUS) has reported fourth-quarter and full-year 2013 financial results that beat analysts’ earnings expectation. Immediately following the release late Monday, shares rose over 4%, but fell close to 13% in premarket trading this morning.
For the fourth quarter, total net product revenue was $9.2 million, of which $7.7 million was from sales of weight-loss drug Qsymia V and the remaining amount was from Stendra/Spedra (avanafil). In addition, Vivus recognized $34.8 million in license revenue under its commercialization agreements with Auxilium and Sanofi related to Stendra or Spedra.
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