VIVUS, Inc. (VVUS - Free Report) announced that it has entered into a settlement agreement with Actavis Laboratories, a subsidiary of generic company Teva Pharmaceutical Industries Limited (TEVA - Free Report) , thereby resolving a three-year old patent litigation related to its weight management drug Qsymia. Shares of VIVUS were up more than 1% in after-hours trading on Wednesday as the resolution removes a major overhang for this small biotech.
So far this year, shares of VIVUS are up 7%, which compares unfavorably with an increase of 8.1% registered by the Zacks classified Biomed/Genetics industry during this period.
Actavis was looking to launch generic versions of Qsymia. Per the settlement agreement, Actavis has been allowed to sell a generic version of Qsymia on Dec 1, 2024, or earlier under certain circumstances. In case, Actavis chooses to launch at-risk, i.e. earlier than the agreed date, it will be entitled to pay VIVUS a royalty on sales of the generic.
The litigation was pending in the U.S. District Court for the District of New Jersey since 2014.
Indian pharma comapny, Dr. Reddy's Laboratories Limited (RDY - Free Report) is also looking to bring a generic version of Qsymia to market. The litigation is still pending in the U.S. District Court for the District of New Jersey.
While Qsymia was approved in the U.S. in 2012, it is yet to gain approval in the EU, We note that it was denied marketing approval in EU in 2014.
Qsymia sales have been lackluster to date. The uptake has been slow due to high out-of-pocket cost burden for patients owing to lack of reimbursement for the product. Healthcare providers are often hesitant to treat obesity proactively despite the presence of evidence regarding the cardiometabolic benefits of weight loss among overweight and obese individuals.
VIVUS is working on boosting Qsymia sales by expanding reimbursement and promotional initiatives. The company is working on improving patient access while reducing out-of-pocket costs for Qsymia. The company is also pursuing several programs to increase the utilization of Qsymia for the most appropriate patient types. VIVUS has also invested in a digital campaign to expand its reach to information-seeking consumers. Moreover, the company is targeting patients who have failed other therapies and are yet to try pharmacotherapy.
Qsymia is also being developed in mid-stage studies for the treatment of type II diabetes and obstructive sleep apnea.
VIVUS carries a Zacks Rank #3 (Hold). A better-ranked stock in the sector is Agenus Inc. (AGEN - Free Report) , carrying a Zacks Rank #2 (Buy). You can see the complete list of todays Zacks #1 Rank (Strong Buy) stocks here.
Agenus delivered a trailing four-quarter average positive earnings surprise of 8.8%. Shares of Agenus have risen18.3% in the past three months.
Today's Stocks from Zacks' Hottest Strategies
It's hard to believe, even for us at Zacks. But while the market gained +18.8% from 2016 - Q1 2017, our top stock-picking screens have returned +157.0%, +128.0%, +97.8%, +94.7%, and +90.2% respectively.
And this outperformance has not just been a recent phenomenon. Over the years it has been remarkably consistent. From 2000 - Q1 2017, the composite yearly average gain for these strategies has beaten the market more than 11X over. Maybe even more remarkable is the fact that we're willing to share their latest stocks with you without cost or obligation. See Them Free>>
See original here:
VIVUS Settles with Teva on Weight Management Drug Generic - Zacks.com
- Weight Management - Metro Health Hospital - September 14th, 2019
- Weight Management At The University Of Kansas Health System - July 12th, 2019
- New Jersey Weight Loss Surgery | RWJBarnabas Health - June 2nd, 2019
- Weight Loss Programs | Nebraska Weight Management Institute - May 21st, 2019
- Weight Management - Terrebonne General Medical Center - May 20th, 2019
- Weight Management - UChicago Medicine - May 19th, 2019
- Jersey Medical Weight Loss Center: Weight Loss Physicians ... - May 17th, 2019
- Carolina Weight Loss Institute - April 30th, 2019
- Advanced Medical Weight Loss & Wellness Center in Las ... - April 10th, 2019
- Weight Management - Fort HealthCare - April 10th, 2019
- Achieve Your Goals with This Weight Management Checklist ... - April 6th, 2019
- Nurse-Led Weight Management Programs - ausmed.com - March 21st, 2019
- Essay on The Importance of Weight Management - 594 Words - March 21st, 2019
- Weight Management - Regional Health Orthopedic & Specialty ... - March 8th, 2019
- Weight Management - MedicineNet - February 9th, 2019
- CORE Weight Management - Wellness Pet Food - January 29th, 2019
- Parkinson's Foundation: Better Lives. Together. - January 23rd, 2019
- Weight Management | Summit Medical Group - January 23rd, 2019
- Weight Management Services - umms.org - January 23rd, 2019
- Weight Management Program - The LIFT - January 23rd, 2019
- Weight Management - Health & Nutrition - Youngevity - January 23rd, 2019
- North Carolina Weight & Wellness: Obesity Medicine ... - January 14th, 2019
- Weight Management Center | Wake Forest Baptist Health - January 2nd, 2019
- Weight Management | University of Maryland Medical Center - January 2nd, 2019
- Weight Management Program | NYU Langone Health - January 2nd, 2019
- Weight Management | Office of Work-Life at Columbia University - January 2nd, 2019
- Weight Loss Centers in Washington - Yelp - December 23rd, 2018
- Delta Medical Weight Management Center - dmwmc.com - October 30th, 2018
- Weight Management for Your Life: Ten Steps to Prepare You ... - September 29th, 2018
- Weight Loss Management Center at UWMC - Roosevelt | UW ... - September 28th, 2018
- Weight Loss | Washington University Physicians - September 28th, 2018
- Weight Management Resources - Verywell Fit - September 28th, 2018
- Plainfield NJ Family Physician Doctors - Weight Management ... - August 30th, 2018
- Weight Loss Specialist | Weight Loss Coach | ACE - August 20th, 2018
- SmartFitWeightLoss.com - August 5th, 2018
- Weight Management Olympia Compounding Pharmacy - April 6th, 2018
- Medical Weight Loss Clinic | Medical Weight Management ... - March 13th, 2018
- Weight Management | Reading Hospital - March 13th, 2018
- Weight Management Louisville, Kentucky (KY), Norton Healthcare - March 13th, 2018
- Center for Weight & Wellness - Lifespan - March 13th, 2018
- MUSC Health Weight Management Center | Charleston SC - February 27th, 2018
- Weight Management - County of Sonoma, California - February 5th, 2018
- Weight Management - dTERRA Product Line | dTERRA ... - February 5th, 2018
- Weight Management Program - NYP.org - January 3rd, 2018
- Weight Management Resources - Verywell - December 28th, 2017
- Weight Management-Topic Overview - WebMD - December 1st, 2017
- The Institute for Weight Management - Hackensack, NJ - November 10th, 2017
- How Avocado Can Help with Weight Management - October 13th, 2017
- Weight Management | Compounding Pharmacy - Absolute Pharmacy - September 20th, 2017
- Can ventolin inhaler cause weight loss - Ventolin expectorant capsule price philippines - Laughlin Entertainer - August 27th, 2017
- Veterans' lives, health honored at wellness event in Butler - New Castle News - August 27th, 2017
- Healthy eating the best way to lose weight - Tahlequah Daily Press - August 27th, 2017
- Weight-loss firm makes apparent Stamford exit - The Advocate - August 27th, 2017
- The Role of Body Composition in Weight Management - Natural Products INSIDER - August 24th, 2017
- Get fit: The 5 best exercises for fat loss - Daily Commercial - August 24th, 2017
- Reimagining the Weight Loss Category - Natural Products INSIDER - August 24th, 2017
- These Are The Best Foods For Weight Loss - Huffington Post Australia - August 24th, 2017
- 5 local resources to help control diabetes - Twin Falls Times-News - August 20th, 2017
- Weight not a factor as energy dense foods appear to up cancer risk - FoodNavigator.com - August 18th, 2017
- Infrared Sauna Benefits Include Pain Management, Weight Loss - Metro US - August 18th, 2017
- The best exercise for weight loss, according to science - NEWS.com.au - August 13th, 2017
- Family Health News Has Positive Experience at Weight ... - Benzinga - Benzinga - August 11th, 2017
- Lifestyle-modification programs for weight management in Arab states lack in effectiveness - Medical Xpress - August 10th, 2017
- Exercise as a Weight-Loss Strategy - New York Times - August 9th, 2017
- Research Behind Top Weight Management Ingredients - Natural Products INSIDER - August 9th, 2017
- Lifestyle-modification programs for weight management in Arab states lack in effectiveness - Gears Of Biz - August 9th, 2017
- Diet Soda Linked to Weight Gain, Not Weight Loss - Olive Oil Times - Olive Oil Times - August 9th, 2017
- The 15-Minute Cardio Workout Perfect for Beginners Trying to Lose Weight - Shape Magazine - August 9th, 2017
- Weight Management Supplements | eBay - August 7th, 2017
- An easy, healthy way to control your weight - Thegardenisland.com - August 7th, 2017
- Newly Published Study Shows Supplementation Of Capsicum Extract Helps Increase Metabolic Rate - Markets Insider - August 7th, 2017
- Elicina Participates in Successful Weight Management, Sports ... - Benzinga - August 3rd, 2017
- Ask a Specialist: How Weight Loss Surgery Can Treat Type 2 Diabetes - KHON2 - August 3rd, 2017
- Diet Doc Offers Customized Weight Loss Solutions Amid Mediterranean Diet Doubts - GlobeNewswire (press release) - August 3rd, 2017
- UFC willing to add new ABC weight classes 'when the time is right' - MMAmania.com - August 3rd, 2017
- Asthma inhaler weight loss - Ipratropium bromide and albuterol sulfate side effects - Van Wert independent - July 11th, 2017
- Weight Management Clinic Scarborough - Weight Management ... - July 7th, 2017
- Conversation Cards a Useful Tool in Pediatric Weight Management - Newswise (press release) - July 7th, 2017
- 7 ways to follow a low-carb diet the right way - Today.com - July 7th, 2017
- Apple Cider Vinegar Weight Loss - ACV Weight Loss - Woman's Day - WomansDay.com (blog) - July 6th, 2017