12:06, says weeakness in VVUS shares is buying opportunity. Firm says negative report by Citron "pressented no new arguments and included multiple unsubstantiated claims; we remain confidient in the strength of VVUS' patents both in US and Europe." Firm likes the stock "ahead of the EU approval decision in September, expected product launch in the US later 2012 and potential business development activity."
I thought VVUS pulled the EU application. JPM is hurting and trying to unload on retail invertors.