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Vanda Pharma (VNDA) Sees Activity On Takeover Speculation

June 8, 2009 1:39 PM EDT
VNDA Hot Sheet
Overall Analyst Rating:
    NEUTRAL (Up Up)
Vanda Pharmaceuticals, Inc. (Nasdaq: VNDA) is seeing some interest on some vague takeover speculation. Shares are up 1% on heavier-than-normal volume. The call options are also seeing interest today.

Shares of Vanda have surged over 10x since announcing FDA approval for its schizophrenia drug in early-May.

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