UPDATE: Vanda Pharmaceuticals (VNDA) Surges 10% Mid-Day

August 25, 2016 11:37 AM EDT

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(Updated - August 25, 2016 11:43 AM EDT)

Vanda Pharmaceuticals (NASDAQ: VNDA) spikes higher. Shares up 10%.

UPDATE: Vanda Pharmaceuticals wins ruling over patent for Fanapt, per Bloomberg.

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