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EU committee rejects Vivus weight-loss drug

Published on NewsOK Modified: February 22, 2013 at 6:33 am •  Published: February 22, 2013

"We have worked diligently throughout Europe with key opinion leaders and regulatory and risk management experts to highlight the favorable safety and efficacy profile of Qsiva," he said, noting that a committee scientific advisory group gave the drug a positive recommendation.

Qsymia is the company's only marketed product. U.S. sales of the drug started slowly, something Vivus has attributed in part to high out-of-pocket costs for patients and limited insurance coverage.

But the company said in January that prescriptions for the weight loss pill surged in late November and December. Analysts say annual sales of Qsymia will eventually top $1 billion.

Vivus shares finished at $12.88 on Thursday. Its shares have rebounded from a 52-week low of $9.86 in mid-November. They are almost 60 percent below their high of $31.21 in mid-July.