Fast-acting erectile dysfunction drug Stendra approved by FDA

(CBS News) A new erectile dysfunction drug that reportedly works in less than 15 minutes has just received approval from the U.S. Food and Drug Administration. On Friday the FDA approved Vivus Inc.'s Stendra to take as an "as-needed" pill for men before sexual activity.

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More than 30 million men in the U.S. are affected by erectile dysfunction (ED). Current ED drugs on the market include Pfizer Inc.'s Viagra, Eli Lilly's Cialis and GlaxoSmithKline and Bayer's drug Levitra.