NasdaqGM:VNDABiotechs
Vanda Pharmaceuticals (VNDA) Stock Holds Steady As Losses Deepen
Vanda Pharmaceuticals stock barely budged after earnings, up about 0.5% to around US$5, even though the quarter underscored how hard the current build out is hitting the income statement. The headline is simple: revenue held around US$50.5m while the Q2 net loss widened to US$62.5m as spending on late stage trials and new launches weighed heavily.
Investors came into this print after a tough stretch, with the stock down about 20% over the past month. The key question now is how long the...