Welcome to our dedicated page for Vanda Pharma news (Ticker: VNDA), a resource for investors and traders seeking the latest updates and insights on Vanda Pharma stock.
Vanda Pharmaceuticals Inc., traded under the symbol VNDA on Nasdaq, is a specialty biopharmaceutical company dedicated to the development and commercialization of innovative therapies. Vanda's primary focus is on addressing high unmet medical needs to improve the lives of patients. The company's commercial portfolio includes HETLIOZ for Non-24-Hour Sleep-Wake Disorder and nighttime sleep disturbances in Smith-Magenis Syndrome, and Fanapt for schizophrenia. Recently added to its portfolio is PONVORY, a treatment for multiple sclerosis.
Other promising products in Vanda's pipeline include VHX-896, ASO Molecules, VQW-765, Tradipitant (in clinical studies for gastroparesis and motion sickness), and VTR-297. Vanda's robust R&D efforts are highlighted by substantial advancements, such as the initiation of clinical programs in conditions like depression, psoriasis, ulcerative colitis, and pediatric insomnia.
In recent financial news, Vanda reported a net loss of $4.1 million for Q1 2024, a shift from a net income of $3.3 million in Q1 2023. Despite this, the company maintains a strong cash position and expects significant growth from upcoming milestones, including the launch of Fanapt in acute bipolar I disorder and PONVORY in multiple sclerosis.
Recently, Vanda made headlines with the FDA approval of tradipitant for preventing vomiting induced by motion sickness, and the commencement of a comprehensive marketing program for PONVORY following its acquisition from a Johnson & Johnson company. Additional corporate activities involve evaluating unsolicited acquisition proposals, indicating a strategic interest in Vanda’s innovative portfolio.
For more detailed information, investors can visit www.vandapharma.com and follow Vanda on social media platforms.
Vanda Pharmaceuticals Inc. (VNDA) announced its participation in the Citi 16th Annual BioPharma Virtual Conference from September 8 to September 10, 2021. The company's management will conduct investor meetings during the event. Vanda has also updated its corporate presentation, available on its website under the Investors tab. Vanda Pharmaceuticals is dedicated to developing innovative therapies to meet significant medical needs.
Vanda Pharmaceuticals (Nasdaq: VNDA) has announced the closure of enrollment in the ODYSSEY study, which aimed to compare tradipitant and placebo in hospitalized COVID-19 pneumonia patients. The study was terminated after meeting pre-defined futility criteria, suggesting it was unlikely to achieve its primary endpoint of treatment efficacy. A total of 153 patients were enrolled against a goal of 324. Despite this, Vanda will proceed with genetic analysis to explore susceptibility factors related to severe pneumonia in COVID-19 patients.
Vanda Pharmaceuticals (Nasdaq: VNDA) reported Q2 2021 financial results with total net product sales reaching $67.9 million, a 9% increase year-over-year. HETLIOZ® sales grew 7% to $44.5 million, while Fanapt® saw a 13% increase to $23.4 million. Net income was $9.7 million, up from $8.7 million in Q2 2020. For the first half of 2021, total sales rose 9% to $130.6 million, and cash reserves were $396.5 million. The Phase III trial of tradipitant for gastroparesis is nearing completion, with results expected by year-end 2021.
Vanda Pharmaceuticals (Nasdaq: VNDA) will release its second quarter 2021 financial results on July 28, 2021, after market close. A conference call is scheduled for 4:30 PM ET the same day to discuss the results and corporate activities. Investors can access the call by dialing 1-866-688-9426 for domestic calls or 1-409-216-0816 internationally. The call will also be available on the company's website, with a replay option from 7:30 PM ET on July 28 until 7:30 PM ET on August 4, 2021.
Vanda Pharmaceuticals Inc. (Nasdaq: VNDA) announced its management will participate in upcoming investor conferences. These include the Bank of America Securities 2021 Virtual Health Care Conference on May 13, 2021, Oppenheimer Virtual Rare & Orphan Disease Summit on May 21, 2021, and Jefferies Virtual Healthcare Conference on June 2, 2021. Investors can access the conferences via the company's corporate website, with archive links available for 30 days post-event. Vanda focuses on developing therapies to address significant medical needs.
Vanda Pharmaceuticals (Nasdaq: VNDA) reported strong first-quarter results for 2021, with total net product sales reaching $62.7 million, an 8% increase year-over-year. Key revenue contributors included HETLIOZ® at $39.3 million (up 11%) and Fanapt® at $23.3 million (up 3%). The company achieved an income before taxes of $10.4 million compared to $1.2 million in 2020. Vanda also provided 2021 guidance, forecasting total revenues between $270 million and $300 million.
Vanda Pharmaceuticals Inc. (VNDA) will release its Q1 2021 financial results on May 5, 2021, after market close. A conference call is scheduled for 4:30 PM ET on the same day to discuss the results and corporate activities. Investors can participate by calling 1-866-688-9426 (domestic) or 1-409-216-0816 (international), using passcode 5709209. The call will also be available online and archived on the company's website. A replay will be accessible from 7:30 PM ET on May 5 until 7:30 PM ET on May 12, 2021.
Vanda Pharmaceuticals (Nasdaq: VNDA) reported fourth quarter and full year 2020 results, achieving record commercial revenue of $67.7 million in Q4, an 11% increase year-over-year. HETLIOZ® sales rose 14% to $44.2 million, while Fanapt® sales increased 5% to $23.5 million. Despite a drop in annual net income to $23.3 million from $115.6 million in 2019, Vanda holds $367.7 million in cash. Looking ahead, the company projects 2021 revenues between $270-$300 million, with HETLIOZ® and Fanapt® sales expected to reach $180-$200 million and $90-$100 million, respectively.
Vanda Pharmaceuticals Inc. (Nasdaq: VNDA) will release its fourth quarter and full year 2020 results on February 10, 2021, after market close. Management will discuss these results during a conference call at 4:30 PM ET on the same day, with participation details provided. A replay will be available until February 17, 2021. Vanda focuses on developing innovative therapies to address unmet medical needs and improve patient lives. For more information, visit www.vandapharma.com.
Vanda Pharmaceuticals (VNDA) announced FDA approval for HETLIOZ® (tasimelteon) to treat nighttime sleep disturbances in patients with Smith-Magenis Syndrome (SMS). This marks HETLIOZ® as the first medication approved for SMS, a rare disorder affecting sleep due to an inverted circadian rhythm. The approval is based on a placebo-controlled study showing efficacy in both adults and children. HETLIOZ® capsules are available immediately, while the liquid formulation for children is expected in Q1 2021. Vanda aims to address significant sleep-related challenges for SMS patients.
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