Vanda Pharmaceuticals (VNDA) Tops Q1 EPS by 7c

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Vanda Pharma (VNDA) Buy Rating and $15 PT Reiterated - Jefferies

May 5, 2016 9:45 AM EDT

Jefferies analyst, Chris Howerton, maintained his Buy rating and $15 PT after Vanda (NASDAQ: VNDA) reported a strong 1Q with 3 takeaways:

1) Hetlioz - strong 1Q sales (~$16.2M vs Jef est. of ~$15.4M) suggt'ng ~80 net patient adds in our model; EU launch in 3Q16 mgmt... More