VIVUS, Inc. Announces Pricing of Public Offering of Common Stock

MOUNTAIN VIEW, Calif., Sept. 17 /PRNewswire-FirstCall/ -- VIVUS, Inc. (Nasdaq: VVUS) announced today the pricing of an underwritten public offering of 9,000,000 shares of its common stock at a price to the public of $10.50 per share. The gross proceeds from the sale of the shares, before underwriting discounts and commissions and other offering expenses, are expected to be approximately $94.5 million. The offering is expected to close on or about September 23, 2009, subject to customary closing conditions. The company has also granted the underwriters a 30-day option to purchase up to an aggregate of 1,350,000 additional shares of common stock to cover over-allotments, if any. All of the shares in the offering are being sold by VIVUS.