Market ResponseSeveral lead indicators suggest a strong initial market response to Fanapt for acute treatment of bipolar I disorder in adults, including new patient starts as reflected by new to brand prescriptions (NBRx), increasing by over 90% in 3Q24 compared to 3Q23.
Product DevelopmentMultiple upcoming inflection points, including the initiation of the pivotal iloperidone long-acting injectable clinical program and submission of the New Drug Application for milsaperidone in schizophrenia and bipolar I disorder, are expected to drive value for Vanda.
Regulatory ApprovalThe FDA has granted Orphan Drug Designation for VGT-1849A, a selective antisense oligonucleotide-based JAK2 inhibitor for the treatment of polycythemia vera, providing potential market exclusivity and benefits.