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VIVUS Reports 2010 Fourth Quarter and Full-Year Financial Results
Date:2/28/2011

ny indication or prove to be commercially successful.  VIVUS does not undertake an obligation to update or revise any forward-looking statements.  Investors should read the risk factors set forth in VIVUS' Form 10-K for the year ending December 31, 2009, and periodic reports filed with the Securities and Exchange Commission.CONTACT:   VIVUS, Inc.Investor Relations:The Trout GroupTimothy E. MorrisBrian Korb Chief Financial Officer646-378-2923650-934-5200VIVUS, Inc.CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS(in thousands, except per share amounts)Three Months EndedYears EndedDecember 31December 31December 31December 312010200920102009*(unaudited)(unaudited)(unaudited)Revenue:License and other revenue$
-$
-$
-$
31,395Operating expenses:Research and development6,09313,52139,97170,940General and administrative7,0183,68525,65613,870Total operating expenses13,11117,20665,62784,810Loss from operations(13,111)(17,206)(65,627)(53,415)Interest and other income (expense), net of loss on early extinguishment of debt and other-than-temporary loss on impaired securities

(6,000)(725)(9,798)(2,349)Loss from continuing operations before income taxes(19,111)(17,931)(75,425)(55,764)Benefit (provision) for income taxes

(8)2,388(9)2,379Net loss from continuing operations

(19,119)(15,543)(75,434)(53,385)Net income (loss) from discontinued operations12,6082,3319,369(906)Net loss$
(6,511)$
(13,212)$
(66,065)$
(54,291)Basic and diluted net income (loss)per share:Continuing operations$
(0.23)$
(0.19)$
(0.93)$
(0.74)Discontinued operations0.150.030.11(0.01)Net loss per share$
(0.08)$
(0.16)$
(0.82)$
(0.75)Shares used in per share computation:Basic81,28880,58181,01772,779Diluted83,54183,67283,82172,779*The Condensed Consolidated Statement of Operations at December 31,

2009 has been derived from the Company's audited financial statements

at that date. VIVUS, Inc.CONDENSED CONSOLIDATED BALANCE
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SOURCE VIVUS, Inc.
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