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Vanda Pharmaceuticalsdistress 5/10 · elevated risk
$5.30-1%today-45% from 52w high
vandapharma.com533 employeesFounded 2002Washington, DCBiotechnology
Metabolic / Obesity 1
Lead: Sleep Wake Disorders · target NK1
Revenue
$52M
Liquidity
$54M
Runway
0.4 yrs
Shares 1y
+2%

Price & events

-34.5% over 6M
$5.30$7.43$9.56Jan 26Apr 26Jul 2648.1Mdilution: EFFECT shelf_effective (2026-05-05)dilution: S-3 shelf_registration (2026-02-12)catalyst: PHASE3 Tasimelteon, Placebo (2026-06-01) — click to opencatalyst: PHASE1,PHASE2 VCA-894A (2026-03-01) — click to openrating: HC Wainwright & Co.: Buy (2026-05-11)rating: Truist Securities: Buy (2026-03-05)rating: HC Wainwright & Co.: Buy (2026-02-23)
CatalystRating changeDilutionFinancingdashed = today
-0.8%
1D
-2.7%
1W
-10.8%
1M
-20.7%
3M
-33.8%
6M
+9.6%
1Y
-15.8%
2Y
-73.0%
5Y
-61.1%
All

Overview

Market Cap
$319.02M
Volume
17.91K
52 Week Range
$4.19 – $9.56
Total Shares
60.14M
Float Shares
53.84M
Short %
12.82%
% Held by Insiders
6.65%
% Held by Institutions
78.68%
RVOL
0.02x
Beta
0.60

Pipeline stages · 9 programs

Trichostatin A
Preclin
Ph1
Ph2
Ph3
Filed
PDUFA
Approved
next 2026-09
VSJ-110
Preclin
Ph1
Ph2
Ph3
Filed
PDUFA
Approved
next 2026-09
iloperidone
Preclin
Ph1
Ph2
Ph3
Filed
PDUFA
Approved
next 2026-10
VQW-765
Preclin
Ph1
Ph2
Ph3
Filed
PDUFA
Approved
next 2026-12
Tradipitant
Preclin
Ph1
Ph2
Ph3
Filed
PDUFA
Approved
next 2026-12-01
Tasimelteon Oral Suspension
Preclin
Ph1
Ph2
Ph3
Filed
PDUFA
Approved
next 2027-11
Milsaperidone
Preclin
Ph1
Ph2
Ph3
Filed
PDUFA
Approved
next 2028-03
Ponesimod
Preclin
Ph1
Ph2
Ph3
Filed
PDUFA
Approved
next 2028-08
VCA-894A
Preclin
Ph1
Ph2
Ph3
Filed
PDUFA
Approved

Pipeline · 16 trials · 11 upcoming

ReadoutPhaseDrugIndicationEnrollStatus
2026-09
Estimated 50%
readout ~2026-10-16
Phase 2VSJ-110Dry Eyerecruiting
2026-09
Estimated 50%
readout ~2026-10-16
Phase 2Trichostatin AOnychomycosis of Toenailactive not recruiting
2026-10
Estimated 50%
readout ~2026-11-15
Phase 2iloperidoneHypertension, Uncontrolled Hypertensionrecruiting
2026-12
Estimated 50%
readout ~2027-02-14
Phase 3VQW-765Social Anxiety Disorder (SAD)recruiting
2026-12-01
Estimated 50%
readout ~2027-02-14
Phase 3TradipitantNausea and Vomiting, Obesityrecruiting
Show all 16 trials · 11 more ▾
ReadoutPhaseDrugIndicationEnrollStatus
2027-09-30
Estimated 50%
readout ~2027-12-14
Phase 3TradipitantMotion Sicknessactive not recruiting
2027-11
Estimated 50%
readout ~2028-01-15
Phase 3iloperidoneSchizophreniarecruiting
2027-11
Estimated 50%
readout ~2028-01-15
Phase 3Tasimelteon Oral SuspensionInsomnia Disorderrecruiting
2027-12
Estimated 50%
readout ~2027-12-31
Phase 1Trichostatin ARelapsed or Refractory Hematologic Malignanciesrecruiting
2028-03
Estimated 50%
readout ~2028-05-15
Phase 3MilsaperidoneMajor Depressive Disorder (MDD)recruiting
2028-08
Estimated 50%
readout ~2028-10-15
Phase 3PonesimodModerate-to-severe Chronic Plaque Psoriasisrecruiting
2026-06
Phase 3Tasimelteon, PlaceboSleep Wake Disorders, Sleep Disorders, Circadian Rhythm, Chronobiology Disorders70recruiting
2026-03
Phase 1/2VCA-894ACharcot Marie Tooth Disease (CMT), Neuromuscular Diseases (NMD)1active not recruiting
2025-07
Phase 3Tasimelteon Oral Capsule, Tasimelteon Liquid SuspensionAutism Spectrum Disorder, Sleep Disorder, Neurological Disorder, Sleep Disturbance100unknown
2025-06-30
Phase 3Tasimelteon, PlaceboSleep Wake Disorders, Sleep Disorders, Circadian Rhythm, Chronobiology Disorders, Gene Mutations and Other Alterations Nec60recruiting
2025-02-21
Phase 3Tradipitant, Placebo, Open Label TradipitantIdiopathic Gastroparesis, Diabetic Gastroparesis, Gastroparesis992completed

Catalyst news & presentations · 7

Approved drugs (6)

  • BYSANTIMILSAPERIDONE2026 · Prescription
  • NEREUSTRADIPITANT2025 · Prescription
  • PONVORYPONESIMOD2021 · Prescription
  • HETLIOZ LQTASIMELTEON2020 · Prescription
  • HETLIOZTASIMELTEON2014 · Prescription
  • FANAPTILOPERIDONE2009 · Prescription

Capital structure — dilution & financing

Shares out: 60,135,562 · 0 offerings/1y · 0 PIPEs
  • 2026-05-05EFFECTshelf_effective
  • 2026-02-12S-3shelf_registration
  • 2024-08-088-Kmaterial_agreement
🔒 Positioning — Pro
Short interest / days-to-cover, insider buys & sells.
Upgrade to Pro
🔒 Top holders — Pro
Institutional ownership + quarter-over-quarter accumulation/trimming.
Upgrade to Pro

Wall St ratings

strong buy · target $14 (+166% upside) · 4 analysts
  • 2026-05-11HC Wainwright & Co.Buy
  • 2026-03-05Truist SecuritiesBuy
  • 2026-02-23HC Wainwright & Co.Buy
  • 2026-01-05HC Wainwright & Co.Buy
  • 2025-12-31B. Riley SecuritiesBuy
  • 2025-12-31JefferiesHold

Competitors — NK1

  • none identified

Not financial advice. Data: ClinicalTrials.gov, SEC EDGAR, FINRA, Nasdaq, Yahoo.