VIVUS Inc. (VVUS) is on the upswing today, after the company reported positive results from a late-stage trial of its treatment for erectile dysfunction. Not only does avanifil result in a surprisingly high "magnitude of success in the first 15 minutes," but the treatment was also well-tolerated. The company noted that "there were no drug-related serious adverse events in the study," and added that there were low rates of common side effects, including headache and flushing.
VIVUS is entering a crowded market with its erectile dysfunction drug, with heavyweights such as Viagra and Cialis boasting substantial market share. However, "Knowing that avanafil can be effective within 15 minutes should create an attractive position in the PDE5 market," asserted Charles Bowden, M.D., who serves as senior director of clinical development.
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The markets were higher before the economic data came to ruin the party. CPI came in higher than PPI on the inflation front, but there was a real disappointment in housing starts considering that many were expecting gains there. Oil inventory contractions across the board failed to boost that market considerably. A late day rally looked like a positive close was in the cards, but the buying action was only so much. 

