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. develops and commercializes biopharmaceutical therapies, with company updates centered on prescription products and clinical or regulatory programs. Recurring news includes financial results, Fanapt sales trends, HETLIOZ commercialization, the U.S. availability of NEREUS (tradipitant) for prevention of vomiting induced by motion, and FDA approval of BYSANTI (milsaperidone) for bipolar I disorder and schizophrenia.
Vanda news also covers development activity for imsidolimab in generalized pustular psoriasis, product-access and commercial-channel updates, investor conference participation, regulatory-policy statements, and corporate governance changes such as board appointments.
Vanda Pharmaceuticals Inc. (Nasdaq: VNDA) will announce its third quarter 2021 financial results on November 3, 2021, after market close. A conference call will follow at 4:30 PM ET, where management will discuss the results and corporate activities. Investors can join the call by dialing 1-866-688-9426 domestically or 1-409-216-0816 internationally, with passcode 5961858. The call will also be accessible via Vanda's website and available for replay starting at 7:30 PM ET on the same day until November 10, 2021.
Vanda Pharmaceuticals (Nasdaq: VNDA) has announced its participation in Evercore ISI's Catalyst Day on October 18, 2021. CEO Mihael H. Polymeropoulos will engage in a virtual fireside chat at 1:30 PM ET. Vanda Pharmaceuticals focuses on developing innovative therapies for unmet medical needs. For further details, visit www.vandapharma.com.
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.