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Read moreThe pill is intended to be taken 30 minutes before sex, but Vivus said that in clinical trials, some patients were able to have sex as little as 15 minutes after taking the drug. Pfizer Inc.'s Viagra is supposed to be taken at least 30 minutes before sex. The FDA said an estimated 30 million men have importance, or erectile dysfunction.
In clinical trials, the most common side effects of Stendra, or avanafil, were headache, redness of the face and other areas, nasal congestion, back pain, and symptoms similar to the common cold. Vivus said the drug shouldn't be taken more than once per day.
Vivus licensed Stendra from Japanese drugmaker Mitsubishi Tanabe Pharma. It has worldwide rights to the drug except for some countries in the Asia-Pacific region.
Vivus has said it is talking to potential marketing partners for Stendra, and may sell the drug outright to another company. Analysts said Friday they expect Vivus to sell Stendra to another drug company to help fund future sales of its experimental obesity drug Qnexa.
"Given the large market opportunity and the potentially differentiating faster onset of action, we believe that in the hands of big pharma Stendra is probably worth around $300 million," said Cowen and Co. analyst Simos Simeonidis.
Simeonidis said Vivus will need a partner to help sell Qnexa, and will turn to a large pharmaceutical company with experience launching major drugs. He said it's also possible that another company could buy Vivus.
Rodman and Renshaw analyst Michael King said Vivus could get as much as $100 million for the rights to Stendra. He estimated that U.S. sales could peak at $483 million in 2016. After that, he said sales are likely to fall because generic versions of Viagra and other drugs will reach the market.
Vivus is based in Mountain View, Calif. The FDA was scheduled to make a decision on Qnexa this month, but announced it is extending its review by another three months. It is now expected to make a ruling by July 17.
Shares of Vivus ended the session up 72 cents, or 3 percent, at $25.15. After-hours the stock picked up 40 cents to $25.55
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Read moreSources say that the Congress has offered to nominate him in the President's quota. Tendulkar along with his wife Anjali met Congress President Sonia Gandhi at her 10 Janpath Residence in New Delhi.
Although officially the Congress said that Sonia wanted to meet Tendulkar and personally congratulate him on achieving the historic achievement of scoring 100 international centuries, but sources say the main agenda was his nomination for the Rajya Sabha.
Sachin has accepted a nomination for Rajya Sabha, according to the update from sources. He is the first active sportsperson and cricketer to have been nominated to the Rajya Sabha.
Tendulkar along with his wife Anjali met Congress President Sonia Gandhi at her 10 Janpath residence in New Delhi.
Although officially the Congress said that Sonia wanted to meet Tendulkar and personally congratulate him on achieving the historic achievement of scoring 100 international centuries, but sources say the main agenda was his nomination for the Rajya Sabha.
Reacting to the reports of Sachin Tendulkar's proposed nomination, BJP leader Najma Heptulla said, "We are very happy that Tendulkar's name has been proposed for the Rajya Sabha."
"Tendulkar is a great player, we are proud of him. If he is being nominated, surely he would devote some time to Parliament," BJP spokesperson Ravi Shankar Prasad said.
However, the proposal didn't go well with people from the cricket fraternity. Cricket analyst Harsha Bhogle said, "I don't think it is the greatest idea. He doesn't have the experience of governing or doing social work. People are trying to gain mileage out of Tendulkar."
Meanwhile, the Board of Control of Cricket in India (BCCI) welcomed the government's nomination of Tendulkar as a member of the Rajya Sabha, saying that the iconic batsman deserves such an honour.
BCCI Chief Administrative Officer Prof. Ratnakar Shetty said that the Board was happy with the government's move. "We (BCCI) are happy that Tendulkar's services as a sportsperson has been recognised. He's been a true ambassador for the country and he deserves it," he said.
In the past, eminent personalities like directors Shyam Benegal, Mrinal Sen and playback singer Lata Mangeshkar had been the nominated members of the Rajya Sabha.
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