Vanda Pharmaceuticals: ‘A Major Upside Surprise’
August 25, 2016 at 14:37 PM EDT
You don't say. Actually, you don't need me or anyone else to tell you that something surprising occurred for Vanda Pharmaceuticals ( VNDA ) because its shares are up nearly 20%. But that's how Piper Jaffray analyst Joshua Schimmer and team described the news that Vanda had won a major patent decision . They explain: