Future Pak Withdraws Proposal to Purchase Vanda Pharmaceuticals Inc.

WIXOM, Mich.--(BUSINESS WIRE)-- Consistent with the position indicated in its June 13, 2024 letter to Vanda Pharmaceuticals (“Vanda”), Future Pak LLC and its affiliates ("Future Pak") today announced that it is withdrawing its offer to acquire the Company, effective immediately, and will focus on other strategic objectives. This action comes after a continued lack of engagement from Vanda and the receipt of Vanda’s rejection of Future Pak’s final proposal.

About Future Pak

Future Pak is a privately-held contract manufacturer and packager of pharmaceutical and nutraceutical products. The company has access to retail, specialty and institutional customers through its expansive partner network. Leveraging its existing infrastructure, Future Pak seeks to make a positive impact on patients by utilizing its reliable supply chain and its quality-first approach. The company was incorporated in 1977 and is based in Wixom, Michigan.

View source version on businesswire.com: https://www.businesswire.com/news/home/20240626659970/en/

Media may contact Randi Kahn at Syneos Health Communications for more information:
631.697.8310
[email protected]

Source: Future Pak LLC

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