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Vanda Pharmaceuticals Reports Third Quarter 2012 Results
Date:11/7/2012

ses were primarily due to the ongoing support of the tasimelteon Non-24 and MDD clinical studies. 

Vanda recorded a net loss of $5.3 million for the third quarter of 2012, compared to a net loss of $3.1 million for the third quarter of 2011.  Diluted net loss per share for the third quarter of 2012 was $0.19, compared to diluted net loss per share of $0.11 for the third quarter of 2011.

Year to date September 30, 2012 Key Financial Figures1 

Nine Months EndedSeptember 30September 30(in thousands, except per share amounts)20122011  Change ($)Change (%)Total revenues

$
24,807$
22,900$
,9078%Research & development  expenses

34,82918,44016,38989%General & administrative expenses

10,6578,1412,51631%Non-cash stock-based compensation2

3,1714,183(1,012)(24%)Loss before tax benefit

(21,295)(4,437)(16,858)(380%)Tax benefit

-(158)158100%Net loss

(21,295)(4,279)(17,016)(398%)Diluted net loss per share

$
(0.75)$
(0.15)$
(0.60)(400%)Third Quarter 2012 Key Financial Figures1 

Three Months EndedSeptember 30June 30(in thousands, except per share amounts)20122012  Change ($)Change (%)Total revenues

$
8,288$
8,378$
(90)(1%)Research & development  expenses

10,15912,490(2,331)(19%)General & administrative expenses

3,1473,601(454)(13%)Non-cash stock-based compensation2

5761,193(617)(52%)Loss before tax benefit

(5,326)(8,007)2,68133%Tax benefit

---Net loss

(5,326)(8,007)2,68133%Diluted net loss per share

$
(0.19)$
(0.28)$
.0932%Select Cash Flow Data1 Nine Months EndedSeptember 30September 30(in thousands)20122011Net cash provided by (used in)Operating activities

$ (31,068)$ (16,053)Investing activities

47,66033,815Financing activities<
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SOURCE Vanda Pharmaceuticals Inc.
Copyright©2012 PR Newswire.
All rights reserved

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