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FDA Approval Boosts Vanda Pharmaceuticals (VNDA) Shares by 44%
Vanda Pharmaceuticals (VNDA) saw its shares jump by 44% following FDA approval for its drug Bysanti, intended for treating bipolar I disorder and schizophrenia. Despite this market boost, the company faces significant financial challenges, including negative earnings, declining revenue growth, and poor scores on financial health indicators like the Altman Z-Score and Piotroski F-Score. Investors are advised to consider these risks despite Bysanti’s potential to improve Vanda’s market position.