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Vivus reiterated at outperform by RBC
RBC Capital Markets analyst Ken Trbovich reiterated Vivus Inc. at outperform, speculative risk, with a $6 price target on news that the company's Alista failed to provide a statistically significant benefit compared to a placebo in the treatment of women with female sexual arousal disorder in a large phase 2b trial. Vivus' earlier announcement of a late-stage obesity program of the drug Onexa provides a significant buffer to this news. Impediments to the analyst's price target include lack of timely partnerships for Avanafil and Testosterone MDTS. Shares of the Mountain View, Calif.-based pharmaceutical company were up 6 cents, or 1.62%, at $3.76. (Nasdaq: VVUS)
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