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Vanda Pharmaceuticals Reports First Quarter 2009 Results
Date:4/29/2009

$(0.24) $(0.72) ====== ====== Shares used in calculation of basic and diluted net loss per share attributable to common stockholders 26,653,478 26,648,344 ========== ========== VANDA PHARMACEUTICALS INC. (A Development Stage Enterprise) CONDENSED CONSOLIDATED BALANCE SHEETS (Unaudited) March 31, December 31, 2009 2008 ----------- ----------- ASSETS Current assets: Cash and cash equivalents $33,833,465 $39,079,304 Marketable securities 8,810,919 7,378,798 Prepaid expenses, deposits and other current assets 1,118,672 1,287,400 --------- --------- Total current assets 43,763,056 47,745,502 Property and equipment, net 1,635,316 1,758,111 Restricted cash 430,230 430,230 ------- ------- Total assets $45,828,602 $49,933,843 =========== =========== LIABILITIES AND STOCKHOLDERS' EQUITY Current liabilities: Accounts payable $1,415,384 $512,382 Accrued expenses 2,065,219 2,898,417 --------- --------- Total current liabilities 3,480,603 3,410,799 Long-term liabilities: Deferred rent 5
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