NetworkNewsBreaks – Vanda Pharmaceuticals, Inc. (NASDAQ: VNDA) Has ‘Buy’ Rating Reiterated by Aegis Capital

Noting Vanda Pharmaceuticals’ (NASDAQ: VNDA) recent financials and 2017 guidance, Aegis Capital Corp. has reiterated its ‘Buy’ rating and $24 price target on the company’s stock. Vanda reported net product sales for its melatonin receptor agonist, HETLIOZ®, at $71.7 million for full-year 2016, an increase of 62% compared to $44.3 million for the full year 2015. Fanapt®, the company’s atypical antipsychotic, brought in $74.3 million for the full year 2016, a 13% increase compared to $65.6 million in 2015. For the fourth quarter of 2016, Vanda reported non-GAAP net income of $3.6 million, compared to a non-GAAP net loss of $10.0 million for the fourth quarter of 2015. Non-GAAP net income was $1.5 million for the full year 2016, compared to a non-GAAP net loss of $18.9 million for the full year 2015. The company also reported 2017 objectives, including combined net product sales from both HETLIOZ® and Fanapt® of $165 million to $175 million.

To learn more, visit www.vandapharma.com

About Vanda Pharmaceuticals Inc.

Vanda Pharmaceuticals is a global biopharmaceutical company focused on the development and commercialization of innovative therapies to address high unmet medical needs and improve the lives of patients. The company is focused on the treatment of central nervous system disorders with a product portfolio made up of HETLIOZ®, Fanapt®, Tradipitant, and Trichostatin A.

About NetworkNewsBreak

NetworkNewsBreak (NNB) provides a rapid summary of corporate news that caught the attention of NetworkNewsWire (NNW). NNB keeps you up-to-date on active US Public Companies complementary to NNW’s broader scope as a provider of news aggregation and syndication, enhanced press release services and a full array of social communication solutions. As a multifaceted financial news and distribution company with an extensive team of journalists and writers, NNW is uniquely positioned to best serve private and public companies who need to reach a wide audience of investors, consumers, journalists and the general public. NNW has an ever-growing distribution network of more than 5,000 key syndication outlets across the country. By cutting through the overload of information in today’s market, NNW brings its clients unparalleled visibility, recognition and brand awareness. NNW is where news, content and information converge.

For more information, visit https://www.NetworkNewsWire.com.

Please see full disclaimers on the NetworkNewsWire website: http://nnw.fm/Disclaimer

NetworkNewsWire (NNW)
New York, New York
www.NetworkNewsWire.com
212.418.1217 Office
Editor@NetworkNewsWire.com

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s