Pinning Phase III miss on 'potential confounders,' Vanda keeps on with tradipitant
Vowing to plough on with its candidate tradipitant, Vanda Pharmaceuticals (Nasdaq: VNDA) revealed a key Phase III test missed its primary endpoint on Friday.
The trial, VP-VLY-686-3303, has been evaluating the efficacy and safety of the neurokinin-1 receptor antagonist in treating the symptoms of gastroparesis, a serious medical condition.
While shares in the company fell more than 18% on Friday, investors regained confidence over the weekend, with stocks ticking up a tenth ahead of the opening bell on Monday.
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