Vanda Pharmaceuticals/$VNDA

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About Vanda Pharmaceuticals

Vanda Pharmaceuticals Inc is a biopharmaceutical company engaged in the development and commercialization of therapies to address high unmet medical needs and improve the lives of patients. Its commercial portfolio comprises three products; HETLIOZ for the treatment of Non-24-Hour Sleep-Wake Disorder (Non-24) & nighttime sleep disturbances in Smith-Magenis Syndrome (SMS); Fanapt for the treatment of schizophrenia; and PONVORY. Its other products include ASO Molecules, VQW-765, Tradipitant, and VTR-297. The maximum of revenue is derived from the Fanapt product sales. Geographically, the company sells its product predominantly in the United States, and also in Israel, Europe, and Canada.
Ticker
$VNDA
Sector
Health
Primary listing
NASDAQ
Employees
533

VNDA Metrics

BasicAdvanced
$305M
-
-$4.63
0.64
-

What the Analysts think about VNDA

Analyst ratings (Buy, Hold, Sell) for Vanda Pharmaceuticals stock.
Analyst projections of the future price of Vanda Pharmaceuticals stock.

Bulls say / Bears say

Fanapt is showing genuine commercial momentum: Q2 net product sales rose 23% year on year to $36.0m, while total prescriptions rose 31%. FDA approval of BYSANTI for bipolar I disorder and schizophrenia, with a second-half 2026 launch, could extend Vanda’s psychiatry franchise as Fanapt matures. (PR Newswire)
NEREUS has a potentially larger growth path beyond motion sickness. In a Phase II GLP-1 study, vomiting occurred in 29.3% of tradipitant-treated participants versus 58.6% on placebo, and the confirmatory Phase III Thetis study is due to report in the fourth quarter of 2026. (PR Newswire)
Near-term regulatory catalysts could broaden the portfolio: Quimilza’s BLA for generalised pustular psoriasis is under FDA review with a 12 December 2026 PDUFA date, while Vanda is pursuing a formal FDA hearing for HETLIOZ in jet-lag disorder. These outcomes are not assured, but they offer upside beyond the current products. (PR Newswire)
HETLIOZ is in a steep decline: Q2 sales fell 66% year on year to $5.6m, even allowing for $7m of revenue shifted into Q3, as generic competition cut volume. A federal appeals court largely upheld the FDA and Teva’s position on the generic, leaving the erosion risk in place. (PR Newswire, Bloomberg Law)
Vanda is consuming cash rapidly while funding launches and trials. Cash fell to $170m by 30 June from about $263.8m at year-end, Q2 net loss reached $62.5m, and management expects 2026 cash burn to exceed 2025; the end-2027 runway therefore depends on planned cost reductions and revenue growth. (Quartr, The Motley Fool)
Fanapt’s growth faces a looming exclusivity problem: management says it expects the product to lose exclusivity towards the end of 2027, while BYSANTI is bioequivalent and may mainly switch existing Fanapt patients rather than add equivalent new demand. That could make the new launch defensive and pressure the franchise’s economics. (StockAnalysis.com)
Data summarised monthly by Lightyear AI. Last updated on 23 Sept 2026.

VNDA Financial Performance

Revenues and expenses
Income statement
QuarterlyAnnual
Q3 24
QoQ growth
Revenue
Net income
Profit margin

VNDA Earnings Performance

Company profitability
Earnings per share
QuarterlyAnnual
Q4 23
Q1 24
Q2 24
Q3 24
Q4 24
Actual
Expected
Surprise

Funds containing VNDA

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