Vivus invites three First Manhattan nominees to join board

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Vivus invites three First Manhattan nominees to join board

(Reuters) - Vivus Inc said it has invited three of the nominees proposed by its top investor First Manhattan Co (FMC) to join its board, regardless of the outcome of the vote at the obesity drug maker's annual meeting. The annual shareholder meeting of California-based Vivus will be held on July 15. FMC, a New York-based investment advisory firm, has repeatedly criticized Vivus saying it badly mishandled the launch of its obesity drug Qsymia and failed to land a large company partner with deep pockets and a big enough sales force to help the drug reach its blockbuster potential. ...

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