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Vanda Pharmaceuticals Reports Second Quarter 2011 Results
Date:8/4/2011

iluted

$

(0.05)$

0.04$

(0.04)$

0.06Shares used in calculation of net income (loss) per share:Basic 28,103,44127,896,88928,102,77427,802,298Diluted28,103,44128,438,11828,102,77428,383,142VANDA PHARMACEUTICALS INC. CONDENSED CONSOLIDATED BALANCE SHEETS (Unaudited)(In thousands)June 30, 2011December 31, 2010ASSETSCurrent assets:Cash and cash equivalents$

50,386$

42,559Marketable securities138,013155,478Accounts receivable752511Prepaid expenses, deposits and other current assets2,1921,843Deferred tax, current 182182Total current assets191,525200,573Property and equipment, net963937Intangible asset, net8,7819,522Deferred tax, non-current 1,6391,639Restricted cash530430Total assets$

203,438$

213,101LIABILITIES AND STOCKHOLDERS' EQUITYCurrent liabilities:Accounts payable$

1,337$

648Accrued liabilities2,5131,324Accrued income taxes2,2212,266Deferred revenue, current 26,78926,789Total current liabilities32,86031,027Long-term liabilities:Deferred rent 471490Deferred revenue, non-current130,569143,853Total liabilities163,900175,370Stockholders' equity:Common stock2828Additional paid-in capital294,271291,342Accumulated other comprehensive income852Accumulated deficit(254,846)(253,641)Total stockholders' equity39,53837,731Total liabilities and stockholders' equity$

203,438$

213,101Company Contact:
Cristina Murphy
Communications Manager
Vanda Pharmaceuticals Inc.
(240) 599-4500
cristina.murphy@vandapharma.com


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SOURCE Vanda Pharmaceuticals Inc.
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