Vivus Plays for Time; Enters $110M Capped Royalty Deal

Shaffer, Catherine
March 2013
BioWorld Today;3/27/2013, Vol. 24 Issue 58, p1
The article reports that a synthetic capped royalty financing of 110 million U.S. dollars will help Vivus Inc. of Mountain View, California buy time while waiting for a decision on its risk evaluation and mitigation strategy (REMS) modification amendment and equity financing. According to the author, Vivus will make an initial draw of 50 million U.S. dollars and draw an additional 60 million U.S. dollars any time before December 31, 2013.


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