Vanda Pharmaceuticals shares are trading lower after the Cycle Pharmaceuticals confirmed that it made a proposal to buy the company.
Portfolio Pulse from Benzinga Newsdesk
Vanda Pharmaceuticals shares are trading lower after Cycle Pharmaceuticals confirmed a proposal to buy the company.
June 06, 2024 | 12:14 pm
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Vanda Pharmaceuticals shares are trading lower following the confirmation from Cycle Pharmaceuticals about a proposal to acquire the company.
The confirmation of an acquisition proposal often leads to uncertainty among investors, causing a short-term decline in the stock price as seen with Vanda Pharmaceuticals.
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