Baker Bros. Raises Stake in Vanda Pharma (VNDA) to 13.99%

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Vanda (VNDA) Strength Continues Following Raised Hedge Fund Stake

June 11, 2013 3:50 PM EDT

Vanda Pharmaceuticals (Nasdaq: VNDA) gained some momentum throughout the session Tuesday following disclosure that one investor took a larger stake in the company.

According to a 13G filed with the U.S. SEC for May 2, 2013, hedge fund Baker Bros Advisors boosted its... More