VIVUS, Inc. announced that it has reached agreement with Seth H. Z. Fischer pursuant to which he will step down as chief executive officer and a member of the board of directors effective December 31, 2017 and become a strategic consultant to the company. The company further announced that current board member Thomas B. King will assume the role of interim CEO. VIVUS' Board is working with an executive search firm to help identify Mr. Fischer's successor.

Mr. Fischer will serve as a strategic advisor to the Company through 2018 to ensure a smooth transition and continued advancement of the Company's strategic initiatives. Thomas B. King has served as a director of the Company since May 24, 2017.