NEW YORK, NY / ACCESSWIRE / September 10, 2015 / Vivus, Inc., (NASDAQ: VVUS) whose shares shot up immediately at the market opening yesterday morning, to a daily high of $1.66, representing a 38% increase from the previous close of $1.20, settled back down to close for the day at $1.35. Still, a significant gain for an issue that has been battered and beaten down since 2012. Volume ratcheted up to nearly 13 million shares, against an average daily volume of less than 2 million. Vivus has gained more than 15% during the last five trading days, and is up over 17% for the past thirty trading days.

The bio-pharmaceutical firm is involved in the treatment of obesity and erectile dysfunction, with two sponsored, FDA approved drugs on the market: Qsymia (weight control) and STENDRA (sexual health).

Icahn Enterprises subsidiary IEH Biopharma, LLC, has made a cash tender offer for all of VVUS outstanding Convertible Senior Notes, due 2020, at a price of $680 per $1,000 of principal amount, plus interest. The offer expires at 5:00pm EST 7 October 2015. Vivus, based in Mountain View, California, had no comment on the offer. Likewise, IEH offered neither specific follow-up comments nor a platform of reasoning behind the offer.

In after hours trading, VVUS closed the session seven cents higher, to $1.42 per share for an additional gain of 5.2%.

For more insight into what the future of VVUS may hold use the link below for due diligence report.

http://bit.ly/_VVUS_Analyst_Review

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