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Stock impact report

FDA rejects Vanda's Hetlioz for jet lag disorder [Seeking Alpha]

Vanda Pharmaceuticals Inc. (VNDA) 
Last vanda pharmaceuticals inc. earnings: 2/25 04:01 pm Check Earnings Report
Company Research Source: Seeking Alpha
Vanda Pharmaceuticals (NASDAQ: VNDA ) has received a CR L from the FDA regarding its marketing application seeking approval to use HETLIOZ (tasimelteon) to treat jet lag disorder. The CRL cited that the measures used to demonstrate improved sleep are of "unclear clinical significance." It also cited other undisclosed issues with the application. The company is "perplexed" and "deeply disappointed" with the FDA's decision but will work with the agency on the matter. The FDA approved HETLIOZ in January 2014 for non-24-hour sleep-wake disorder in blind people. Shares are down   premarket on light volume. See all stocks on the move » Now read: Goodbye To Gilead As ViiV, Merck Besiege Its HIV Citadel » Subscribe for full text news in your inbox Show less Read more
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