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Vanda Pharmaceuticals Reports Fourth Quarter and Full Year 2009 Results
Date:2/16/2010

2009 2008 2009 2008 ---- ---- ---- ---- Revenue from licensing agreement $2,568,807 $ - $2,568,807 $ - Product revenue 1,978,937 - 1,978,937 - --------- ----- --------- ----- Total revenue 4,547,744 - 4,547,744 - Operating expenses: Cost of sales - licensing agreement 376,792 - 982,935 - Cost of sales - product 1,914,690 - 1,914,690 - Research and development 2,253,041 3,559,543 13,873,961 23,935,541 General and administrative 9,245,317 4,095,118 23,724,101 28,909,580 --------- --------- ---------- ---------- Total operating expenses 13,789,840 7,654,661 40,495,687 52,845,121 ---------- --------- ---------- ---------- Loss from operations (9,242,096) (7,654,661)
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SOURCE Vanda Pharmaceuticals Inc.
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