News | News By Subject | News by Disease News By Date | Search News
Get Our FREE
Industry eNewsletter
email:    
   

Alex Denner Joins VIVUS, Inc. (VVUS) Activist Slate in Post-Icahn Move



5/24/2013 8:10:32 AM

Staying up-to-date has never been simpler. Sign up for the free GenePool newsletter today!

Alex Denner, the former head of health-care investments for billionaire Carl Icahn, joined the activist slate challenging drugmaker Vivus Inc. (VVUS) in the first move of his new fund, Sarissa Capital Management LP. First Manhattan Co., which said it holds about 10 percent of Vivus shares outstanding, added Denner to its proposed slate to bring the total number of potential directors to nine, matching an expansion by Vivus of its board in the past month. Denner’s fund owns about 2 million shares, or 2 percent, of Vivus’s stock, First Manhattan said today in a statement. First Manhattan has criticized Mountain View, California-based Vivus’s handling of its obesity drug Qsymia, which gained U.S. approval in July. Qsymia sales have lagged behind analysts’ estimates, coming in at $4.1 million in the first quarter, Vivus said earlier this month.

Help employers find you! Check out all the jobs and post your resume.

Read at Bloomberg
Read at Reuters


comments powered by Disqus
Bloomberg
Reuters
   

ADD TO DEL.ICIO.US    ADD TO DIGG    ADD TO FURL    ADD TO STUMBLEUPON    ADD TO TECHNORATI FAVORITES