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Vanda Pharmaceuticals Provides Update on Iloperidone
Date:9/11/2008

ROCKVILLE, Md., Sept. 11 /PRNewswire-FirstCall/ -- Vanda Pharmaceuticals Inc. (Nasdaq: VNDA), a biopharmaceutical company focused on the development and commercialization of clinical-stage product candidates for central nervous system disorders, reported today that it met with the FDA on September 10, 2008 and discuss the iloperidone non-approvable action letter that the company received on July 25, 2008.

Vanda presented arguments to support its belief that iloperidone's benefit risk profile, as it was characterized in over 3,000 patients, suggests that iloperidone may be a useful agent for patients with schizophrenia.

Vanda has now agreed to provide a complete response to the FDA, in order to address the concerns raised by the FDA in their July 25, 2008 action letter. The timing or outcome of any FDA review is uncertain at this time.

ABOUT VANDA PHARMACEUTICALS INC.:

Vanda Pharmaceuticals Inc. is a biopharmaceutical company focused on the development and commercialization of clinical-stage product candidates for central nervous system disorders. For more on Vanda Pharmaceuticals Inc., please visit http://www.vandapharma.com.

CAUTIONARY NOTE REGARDING FORWARD-LOOKING STATEMENTS

Various statements in this release are "forward-looking statements" under the securities laws. Words such as, but not limited to, "believe," "expect," "anticipate," "estimate," "intend," "plan," "targets," "likely," "will," "would," and "could," and similar expressions or words, identify forward- looking statements. Forward-looking statements are based upon current expectations that involve risks, changes in circumstances, assumptions and uncertainties. Vanda is at an e
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SOURCE Vanda Pharmaceuticals Inc.
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