Vanda Pharmaceuticals Reports Fourth Quarter and Full Year 2024 Financial Results
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Vanda Pharmaceuticals reported a 17% increase in Q4 2024 revenues, with Fanapt® sales up by 18%. The company expects 2025 revenues to grow to $210-$250 million and projects significant growth in its psychiatry portfolio by 2030. Several drug applications were submitted in Q4 2024, indicating a strong pipeline.
February 13, 2025 | 9:15 pm
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Vanda Pharmaceuticals reported a 17% increase in Q4 2024 revenues, driven by strong Fanapt® sales. The company projects 2025 revenues to grow to $210-$250 million and anticipates significant growth in its psychiatry portfolio by 2030. Several drug applications were submitted, indicating a strong pipeline.
The 17% increase in Q4 revenues and 18% growth in Fanapt® sales indicate strong financial performance. The company's revenue forecast for 2025 and the submission of multiple drug applications suggest a positive outlook and potential for future growth, likely boosting investor confidence.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100