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Published on 8/30/2006 in the Prospect News Biotech Daily.

Vanda completes schizophrenia, insomnia phase 3 trials ahead of schedule

By Elaine Rigoli

Tampa, Fla., Aug. 30 - Vanda Pharmaceuticals, Inc. said Wednesday that it completed enrollment in its iloperidone phase 3 clinical trial for the treatment of schizophrenia and its VEC-162 phase 3 clinical trial for the treatment of transient insomnia.

The company said it expects to report results for both trials in January.

If the iloperidone trial is successful, Vanda said it will file a New Drug Application with the Food and Drug Administration by the end of 2007.

The company said it will need to conduct additional phase 3 trials to receive FDA approval of VEC-162 for the treatment of insomnia.

Vanda is a biopharmaceutical company based in Rockville, Md.


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