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Vanda Pharmaceuticals Announces U.S. Commercial Availability of NEREUS™ (tradipitant), the First New Pharmacologic Treatment for People with Motion Sickness in More Than 40 Years

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Vanda (Nasdaq: VNDA) announced U.S. commercial availability of NEREUS™ (tradipitant) on May 1, 2026, for prevention of vomiting induced by motion in adults. The FDA approved NEREUS™ on December 30, 2025. NEREUS™ is an oral NK-1 receptor antagonist and is available by prescription via retail pharmacies and a direct-to-consumer portal at nereus.us.

The company lists a cash-pay price of $85 per dose through the portal versus a $255 standard list price.

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Positive

  • FDA approval dated December 30, 2025
  • Commercial launch nationwide on May 1, 2026
  • Direct-to-consumer ordering at nereus.us
  • Cash-pay price of $85 per dose via portal (list price $255)

Negative

  • NEREUS™ requires a prescription, not available over-the-counter
  • Standard list price of $255 per dose may limit access for some patients

News Market Reaction – VNDA

+8.00%
2 alerts
+8.00% Session close to close
+2.3% Peak Tracked
$420.95M Market Cap
0.0x Rel. Volume

In the May 4 session, VNDA gained 8.00%, reflecting a notable positive market reaction. Argus tracked a peak move of +2.3% during that session. Our momentum scanner triggered 2 alerts that day, indicating moderate trading interest and price volatility.

Data tracked by StockTitan Argus on the day of publication.

Market Context

The stock moved +8.0% in the session following this news. A strong positive reaction aligns with VND...
Analysis

The stock moved +8.0% in the session following this news. A strong positive reaction aligns with VNDA’s pattern of constructive responses to product and late-stage clinical milestones, such as the NEREUS™ GLP‑1 trial initiation and prior imsidolimab data. The commercial launch of NEREUS™, with a cash-pay price of $85 versus a $255 list, targets a large motion-sickness population. However, the $200,000,000 shelf and historical net loss of $220.5 million highlight potential capital-raising and profitability risks that could temper sustainability.

Key Figures

2025 Revenue: $216.1 million Year-end Cash & Securities: $263.8 million 2025 Net Loss: $220.5 million +5 more
8 metrics
2025 Revenue $216.1 million Total revenue for 2025 from Fanapt, HETLIOZ and PONVORY
Year-end Cash & Securities $263.8 million Cash and marketable securities at end of 2025
2025 Net Loss $220.5 million Net loss for 2025 after non-cash tax valuation allowance
Shelf Capacity $200,000,000 Maximum aggregate amount under S-3 shelf registration filed Feb 12, 2026
Shares Outstanding 60,135,062 shares Common shares outstanding as of Apr 17, 2026 record date
NEREUS Cash-Pay Price $85 per dose Direct-to-consumer portal price vs higher list price
NEREUS List Price $255 per dose Standard list price per dose mentioned in launch announcement
Motion Sickness Prevalence 65–78 million Americans Estimated adults affected by motion sickness in U.S.

Historical Context

5 past events · Latest: Apr 28 (Positive)
Pattern 5 events
Date Event Sentiment 24h Move Catalyst
Apr 28 Phase III publication Positive +3.1% Imsidolimab Phase III GPP data published and tied to pending BLA review.
Apr 22 Board appointment Positive -2.0% Experienced biotech analyst added to board alongside recent drug approvals.
Apr 09 Regulatory advocacy Negative +0.6% Company opposed FDA proposal to extend drug review timelines and alter hearings.
Apr 08 Phase 2 trial start Positive +0.6% Initiated Thetis Phase 2 trial of NEREUS™ in GLP‑1–induced vomiting.
Mar 19 Policy criticism Negative -16.9% Called for stronger FDA action and revisions to NAMs draft guidance.

24h Move is the share-price change in the day after each event; other market factors may also have contributed.

Pattern Detected

News reactions have been mixed: advocacy and governance items showed both gains and sharp declines, while late-stage clinical and approval-linked updates (including NEREUS™) more often coincided with positive moves.

Recent Company History

Over the past months, Vanda highlighted late-stage programs and regulatory milestones. On Mar 19, 2026, it criticized FDA guidance on animal testing, coinciding with a -16.92% move. A Phase 2 NEREUS™ GLP‑1 vomiting trial initiation on Apr 8, 2026 and an imsidolimab NEJM Evidence publication with BLA details on Apr 28, 2026 saw modest gains. Board expansion and governance updates had mixed price impacts. Today’s NEREUS™ U.S. commercial launch fits the pattern of clinically driven, product-focused catalysts.

Key Terms

neurokinin-1 (nk-1) receptor antagonist, substance p, phase 3, randomized, double-blind, +3 more
7 terms
neurokinin-1 (nk-1) receptor antagonist medical
"NEREUS™, an oral neurokinin-1 (NK-1) receptor antagonist that offers a modern..."
A neurokinin-1 (NK-1) receptor antagonist is a type of drug that blocks a specific protein on nerve cells that normally responds to a signaling molecule called substance P; imagine it as putting a cap on a lock so that the key (substance P) can’t turn it. Investors watch these drugs because they can prevent or reduce symptoms like severe nausea, vomiting, or certain pain and mood-related conditions, making clinical trial results, approvals, and patent position key value drivers for companies developing them.
substance p medical
"This sensory mismatch is believed to trigger the release of substance P, which activates..."
A small signaling molecule produced by nerve and immune cells that acts like a messenger, alerting the body to pain and promoting inflammation. It matters to investors because drugs or tests that block, mimic, or measure this messenger can change treatment options, affect clinical trial outcomes, and influence revenue prospects for companies developing therapies for pain, migraine, respiratory or inflammatory conditions—similar to how intercepting a key message can alter the outcome of a plan.
phase 3 medical
"following two pivotal Phase 3 clinical trials—Motion Syros and Motion Serifos—conducted..."
Phase 3 is the late-stage clinical testing step for a new drug or medical treatment, where the product is given to large groups of patients to confirm effectiveness, monitor side effects, and compare it to standard care. Successful Phase 3 results are often the final scientific hurdle before regulators decide on approval and market launch—like passing a final exam before graduation—and can sharply change a company's valuation and future revenue prospects.
randomized, double-blind medical
"initiated Thetis, a multicenter, randomized, double-blind Phase 2 trial of NEREUS™..."
A randomized, double-blind study is a clinical trial design where participants are assigned by chance to different groups (for example, a new treatment or a control) and neither the participants nor the researchers know who is in which group. This setup reduces conscious or unconscious bias—think of it like a blind taste test—so results are more reliable and investors can have greater confidence that reported effects reflect the treatment itself rather than expectations or selective reporting.
biologics license application regulatory
"findings are included in a Biologics License Application (BLA) for imsidolimab submitted..."
A biologics license application is a formal request submitted to regulatory authorities seeking approval to market a new biological medicine, such as vaccines or treatments made from living organisms. It is a comprehensive review process that evaluates the safety, effectiveness, and manufacturing quality of the product. For investors, receiving approval signals that a biological therapy can be sold to the public, potentially leading to revenue growth and market success.
schedule 13g/a financial
"filed an amendment to a Schedule 13G/A reporting beneficial ownership of 2,508,488 shares..."
A Schedule 13G/A is an amended public filing with the U.S. securities regulator that updates a previous Schedule 13G, disclosing when an individual or group holds a substantial (typically over 5%) stake in a company and is claiming a passive, non‑controlling intent. Investors monitor these updates because rising or falling holdings can signal changing confidence, potential future moves, or shifts in voting power — like watching a public ledger where large shareholders quietly adjust their positions.
restricted stock units financial
"received an equity award of 57,101 shares of common stock in the form of restricted stock units..."
Restricted stock units are a type of company reward where employees are promised shares of stock, but they only fully own these shares after meeting certain conditions, like staying with the company for a set time. They matter because they can become valuable assets and are often used to motivate employees to help the company succeed.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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  • Consumers can now order NEREUS™ directly at nereus.us

WASHINGTON, May 1, 2026 /PRNewswire/ -- Vanda Pharmaceuticals Inc. (Vanda) (Nasdaq: VNDA) today announced that NEREUS™ (tradipitant) is now commercially available across the United States for the prevention of vomiting induced by motion in adults, marking the first new prescription medicine approved for this condition in more than 40 years. An innovative direct-to-consumer order platform is now available through nereus.us.

Motion sickness affects an estimated 65 to 78 million Americans—roughly 25 to 30 percent of adults—during everyday travel by car, plane, or boat. For decades, patients have had no meaningful new treatment options. That changes today with NEREUS™, an oral neurokinin-1 (NK-1) receptor antagonist that offers a modern, targeted approach to a problem that has long lacked innovation.

"Today marks an important milestone for the tens of millions of Americans who experience motion sickness symptoms during common travel," said Mihael H. Polymeropoulos, M.D., President, CEO and Chairman of Vanda. "NEREUS™ is a selective, high-affinity antagonist of human substance P/neurokinin-1 (NK-1) receptors that can block the vomiting center of the brain. We are excited to make this innovative therapy available through both traditional pharmacy channels and our new direct-to-consumer platform at nereus.us, giving travelers, families, and anyone affected by motion sickness convenient access to a long-awaited solution."

NEREUS™ is available now by prescription directly through nereus.us and retail pharmacies nationwide. Through the dedicated direct-to-consumer portal at nereus.us, patients with a valid prescription can access NEREUS™ at a cash-pay price of just $85 per dose, a meaningful discount from the standard list price of $255 per dose.

Throughout history, motion sickness has repeatedly undermined military effectiveness and human exploration. During Napoleon's 1798 Egyptian campaign, soldiers in his newly formed camel corps—known as the "ships of the desert"—suffered debilitating nausea and vomiting from the animals' swaying gait, rendering many unfit for battle and even affecting Napoleon himself. On D-Day in 1944, thousands of Allied paratroopers endured violent air sickness during turbulent flights over the English Channel before they even reached Normandy. In the space age, nearly 70 percent of astronauts have faced space adaptation syndrome, a form of motion sickness that has challenged every major space program since the 1960s. For more than four decades, no new pharmacologic treatment emerged to address this ancient affliction—until today.

Motion sickness may occur when the brain receives conflicting signals from the eyes, inner ear, and body while on motion. This sensory mismatch is believed to trigger the release of substance P, which activates NK-1 receptors in the central nervous system and ultimately leads to nausea and vomiting. NEREUS™ works by blocking these receptors, interrupting the vomiting pathway.

The U.S. Food and Drug Administration approved NEREUS™ on December 30, 2025, following two pivotal Phase 3 clinical trials—Motion Syros and Motion Serifos—conducted under real-world conditions on the open sea. Both studies demonstrated that NEREUS™ significantly prevented vomiting compared to placebo, confirming the drug's effectiveness in actual sea travel conditions. It is the first new prescription option for people with history of motion sickness in over 40 years. It employs a novel mechanism as a selective, high-affinity antagonist of human substance P/NK-1 receptors. It offers simple dosing with just one or two capsules a day taken approximately an hour before travel.

The commercial availability of NEREUS™ marks a historic milestone in addressing this highly prevalent physiological reaction to motion that has plagued humans for millennia.

Visit nereus.us to access the direct-to-consumer portal and learn more about NEREUS™.

About Vanda Pharmaceuticals

Vanda is a leading global biopharmaceutical company focused on the development and commercialization of innovative therapies to address high unmet medical needs and improve the lives of patients. For more on Vanda Pharmaceuticals Inc., please visit www.vandapharma.com and follow us on X @vandapharma.

About NEREUS™

Indication and Important Safety Information for NEREUS™ (tradipitant) capsules.

INDICATION

NEREUS™ (NEER-ee-us) [tradipitant] is a prescription medication used for the prevention of vomiting induced by motion in adults.

IMPORTANT SAFETY INFORMATION

NEREUS™ may impair abilities required for driving a motor vehicle or operating heavy machinery. Combining NEREUS™ with sedatives or medications that increase NEREUS™ levels may increase this effect. If use together cannot be avoided, your doctor may warn against driving or operating heavy machinery.

The most common side effects associated with NEREUS™ include drowsiness, headache, and fatigue.

Tell your healthcare provider about all of the medicines you're taking. Strong CYP3A4 inhibitors may increase NEREUS™ levels and the risk of side effects.

Tell your healthcare provider about all of your health conditions, including if you have liver or kidney problems, or if you are pregnant, planning to become pregnant, or breastfeeding. There are limited data on NEREUS™ use in pregnant women.

Monitor breastfed infants for drowsiness.

The safety and effectiveness of NEREUS™ for the prevention of vomiting induced by motion in children have not been established.

NEREUS™ is not recommended in patients with liver problems or severe kidney problems.

Consumer Important Safety Information

You are encouraged to report side effects of prescription drugs to the FDA. To report side effects, contact Vanda Pharmaceuticals Inc. at 1-844-GO-VANDA (1-844-468-2632) or FDA at 1-800-FDA-1088 or www.fda.gov/medwatch.

For more information, ask your healthcare provider or call 1-844-468-2632.

This information does not take the place of talking with your healthcare provider for medical advice about your condition or treatment.

Download the full US Prescribing Information at nereus.us.

NEREUS™ (tradipitant) is a neurokinin-1 receptor antagonist FDA approved for the acute prevention of vomiting induced by motion in adults, and is currently in clinical development for a variety of other indications, including gastroparesis and the prevention of nausea and vomiting induced by GLP-1 receptor agonists. For full Prescribing Information and other resources, please visit nereus.us.

CAUTIONARY NOTE REGARDING FORWARD-LOOKING STATEMENTS

Various statements in this press release, including, but not limited to statements regarding the prevalence of motion sickness; the potential causes of motion sickness and the ways in which it may be triggered; and Vanda's further clinical development plans for NEREUS™ for various indications, including gastroparesis and vomiting induced by GLP-1 receptor agonists are "forward-looking statements" under the securities laws. All statements other than statements of historical fact are statements that could be deemed forward-looking statements. Forward-looking statements are based upon current expectations and assumptions that involve risks, changes in circumstances and uncertainties. Important factors that could cause actual results to differ materially from those reflected in Vanda's forward-looking statements include, among others, the accuracy of the estimates of the prevalence of motion sickness; Vanda's assumptions regarding the causes of motion sickness and the ways in which it may be triggered; and Vanda's ability to continue to advance tradipitant in gastroparesis and the prevention of nausea and vomiting induced by GLP-1 receptor agonists. Therefore, no assurance can be given that the results or developments anticipated by Vanda will be realized, or even if substantially realized, that they will have the expected consequences to, or effects on, Vanda. Forward-looking statements in this press release should be evaluated together with the various risks and uncertainties that affect Vanda's business and market, particularly those identified in the "Cautionary Note Regarding Forward-Looking Statements", "Risk Factors" and "Management's Discussion and Analysis of Financial Condition and Results of Operations" sections of Vanda's most recent Annual Report on Form 10-K, as updated by Vanda's subsequent Quarterly Reports on Form 10-Q, Current Reports on Form 8-K and other filings with the U.S. Securities and Exchange Commission, which are available at www.sec.gov.

All written and verbal forward-looking statements attributable to Vanda or any person acting on its behalf are expressly qualified in their entirety by the cautionary statements contained or referred to herein. Vanda cautions investors not to rely too heavily on the forward-looking statements Vanda makes or that are made on its behalf. The information in this press release is provided only as of the date of this press release, and Vanda undertakes no obligation, and specifically declines any obligation, to update or revise publicly any forward-looking statements, whether as a result of new information, future events or otherwise, except as required by law.

Corporate Contact:

Kevin Moran
Senior Vice President, Chief Financial Officer and Treasurer
Vanda Pharmaceuticals Inc.
202-734-3400
pr@vandapharma.com

Jim Golden / Jack Kelleher / Dan Moore
Collected Strategies
VANDA-CS@collectedstrategies.com

Cision View original content to download multimedia:https://www.prnewswire.com/news-releases/vanda-pharmaceuticals-announces-us-commercial-availability-of-nereus-tradipitant-the-first-new-pharmacologic-treatment-for-people-with-motion-sickness-in-more-than-40-years-302760461.html

SOURCE Vanda Pharmaceuticals Inc.

FAQ

When did Vanda (VNDA) make NEREUS™ commercially available in the U.S.?

NEREUS™ became commercially available on May 1, 2026. According to Vanda, it is available nationwide through retail pharmacies and a direct-to-consumer portal at nereus.us for patients with a valid prescription.

What did Vanda (VNDA) state about FDA approval and timing for NEREUS™?

FDA approval occurred on December 30, 2025. According to Vanda, approval followed two pivotal Phase 3 trials conducted under real-world sea conditions supporting effectiveness versus placebo.

How much does NEREUS™ cost through Vanda's direct-to-consumer portal at nereus.us?

The company lists a cash-pay price of $85 per dose via the portal. According to Vanda, that price is presented as a discount compared with a $255 standard list price per dose.

What is NEREUS™ (tradipitant) and how does it work, according to Vanda (VNDA)?

NEREUS™ is an oral NK-1 receptor antagonist that blocks substance P activation linked to vomiting. According to Vanda, it interrupts the vomiting pathway and is dosed one or two capsules about an hour before travel.

Which clinical trials supported approval of NEREUS™ for motion sickness?

Approval was supported by two pivotal Phase 3 trials named Motion Syros and Motion Serifos. According to Vanda, both trials showed NEREUS™ significantly prevented vomiting compared with placebo under real-world sea travel conditions.