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Vanda Pharmaceuticals Reports First Quarter 2013 Results


(0.28)Shares used in calculations of net lossper share:Basic 28,345,55528,226,743Diluted28,345,55528,226,743 VANDA PHARMACEUTICALS INC. CONDENSED CONSOLIDATED BALANCE SHEETS (Unaudited)(in thousands)March 31, 2013December 31, 2012ASSETSCurrent assets:Cash and cash equivalents$


88,772Marketable securities1,00131,631Accounts receivable1,4621,168Prepaid expenses and other current assets3,2883,967Restricted cash, current430430Total current assets116,112125,968Property and equipment, net2,2642,348Intangible asset, net6,1636,532Restricted cash, non-current600600Total assets$


135,448LIABILITIES AND STOCKHOLDERS' EQUITYCurrent liabilities:Accounts payable$


287Accrued liabilities3,8745,187Deferred rent, current197-Deferred revenues, current26,78926,789Total current liabilities31,97332,263Deferred rent, non-current3,0163,005Deferred revenues, non-current83,66990,275Total liabilities118,658125,543Stockholders' equity:Common stock2828Additional paid-in capital301,733300,974Accumulated other comprehensive income-10Accumulated deficit(295,280)(291,107)Total stockholders' equity6,4819,905Total liabilities and stockholders' equity$


Jim Kelly
Senior Vice President & Chief Financial Officer
Vanda Pharmaceuticals Inc.
(202) 734-3428

SOURCE Vanda Pharmaceuticals Inc.
Copyright©2012 PR Newswire.
All rights reserved

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