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

7 5,105,714 Loss on disposal of assets - 610 Amortization of net discounts on short-term investments 38,263 (162,519) Changes in assets and liabilities: Prepaid expenses and other current assets 168,728 606,421 Accounts payable 903,002 (1,355,101) Accrued expenses (833,198) (1,299,209) Other liabilities 1,021 68,365 ----- ------ Net cash used in operating activities (3,794,730) (16,109,219) ---------- ----------- Cash flows from investing activities: Purchases of property and equipment - (186,442) Purchases of marketable securities (5,077,656) (1,485,150) Proceeds from sales of marketable securities 126,547 2,790,026 Maturities of marketable securities 3,500,000 29,060,000 --------- ---------- Net cash provided by (used in) investing activities (1,451,109) 30,178,434 ---------- ---------- Cash flows from financing activities: Net cash provided by ----- ------ financing activities - - ----- ------ Effect of foreign currency translation - 16,745 ----- ------ Net change in cash and cash equivalents (5,245,839) 14,085,960 Cash and ca
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SOURCE Vanda Pharmaceuticals Inc.
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