December 31, December 31,
2008 2007
Cash flows from operating activities:
Net loss $(51,064,241) $(74,069,690)
Adjustments to reconcile net income to net
cash used in operating activities:
Depreciation and amortization 530,805 571,586
Stock-based compensation 13,387,789 19,622,814
Loss on disposal of assets (173) 28,713
Accretion of discount on investments (235,163) (1,571,905)
Changes in assets and liabilities:
Prepaid expenses and other current assets 495,200 168,987
Deposits 150,000 -
Accounts payable (2,475,697) 204,029
Accrued expenses (6,892,577) 3,465,028
Deferred grant revenue - (147,464)
Other liabilities 148,728 86,644
Net cash used in operating activities (45,955,329) (51,641,258)
Cash flows from investing activities:
Purchases of property and equipment (943,659) (279,433)
Proceeds from sales of property and
equipment - 200,179
Purchases of marketable securities (14,786,080) (138,953,879)
Proceeds from sales of marketable securities 11,258,094 3,577,859
Maturities of marketable securities 47,560,000 86,695,000
Net cash provided by (used in)
investing activities 43,088,355 (48,760,274)
Cash flows from financing activities:
Proceeds from exercise of stock options and
warrants
'/>"/>SOURCE Vanda Pharmaceuticals Inc. Copyright©2009 PR Newswire. All rights reserved | |
Page: 1 2 3 4 5 6 7 8 9 10 Related biology technology :1.
Vanda Pharmaceuticals Reports Third Quarter 2008 Results2.
Vanda Pharmaceuticals Declares Dividend Distribution of Preferred Stock Purchase Rights3.
Vanda Pharmaceuticals to Announce Second Quarter 2008 Financial Results on August 5, 20084.
LabCorp(R) and Vanda Pharmaceuticals Collaborate to Offer Genetic Tests5.
Vanda Pharmaceuticals to Present at the Bank of America 2008 Healthcare Conference6.
Vanda Pharmaceuticals Reports Fourth Quarter and Full Year 2007 Results7.
Cadence Pharmaceuticals CEO Theodore Schroeder to Present at the Roth Capital Partners 21st Annual OC Growth Stock Conference8.
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PacificGMP and LigoCyte Pharmaceuticals Announce cGMP Manufacturing Collaboration10.
Diffusion Pharmaceuticals Announces Completion of a $2.9 Million Private Placement and Company Presentations at Upcoming Industry Conferences in Geneva, Switzerland and Naples, Florida11.
Tigris Pharmaceuticals Files IND Application for GGTI-2418