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Cycle Group's second proposal was received by Vanda on September 23, 2024. The terms of Cycle Group's proposal are economically identical to the previously evaluated and rejected indication of interest received from Cycle Group on May 24, 2024. Consistent with its fiduciary duties and in consultation with its independent legal and financial advisors, Vanda's Board of Directors carefully reviewed the second proposal and unanimously determined that it substantially undervalues Vanda and is not in the best interests of the Company and its stockholders. Accordingly, the Board has determined not to pursue the proposal.Various statements in this press release, including, but not limited to, statements regarding the Board's review and evaluation of Cycle Group's pr","market":"hk","thumbnail":null,"type":0,"news_type":0,"thumbnails":[],"rights":null,"property":[],"language":"en","translate_title":"","themeId":null,"theme_name":"","theme_type":"","isJumpTheme":false,"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","is_publish_highlight":false,"source_rank":0,"column":"","sentiment":"0","news_top_title":null,"news_tag":"","news_rank":0,"length":0,"strategy_id":0,"source":null,"symbols":["VNDA","BK4139"],"gpt_icon":0},{"id":"2475935353","title":"Cycle Pharma maintains takeover offer for Vanda Pharmaceuticals","url":"https://stock-news.laohu8.com/highlight/detail?id=2475935353","media":"Reuters","labels":[],"top":-1,"itemType":null,"share":"https://ttm.financial/m/news/2475935353?lang=en_us&edition=fundamental","pubTime":"2024-10-14 22:33","pubTimestamp":1728916428,"startTime":"0","endTime":"0","summary":"Oct 14 (Reuters) - UK-based Cycle Pharmaceuticals on Monday reaffirmed its offer to buy Vanda Pharmaceuticals  in a deal that values the US drugmaker at $488 million, despite a regulatory setback for ","market":"us","thumbnail":null,"type":0,"news_type":0,"thumbnails":[],"rights":null,"property":[],"language":"en","translate_title":"","themeId":null,"theme_name":"","theme_type":"","isJumpTheme":false,"source_url":"https://api.rkd.refinitiv.com/api/News/News.svc/REST/News_1/RetrieveStoryML_1","is_publish_highlight":false,"source_rank":0,"column":"","sentiment":"0","news_top_title":null,"news_tag":"","news_rank":0,"length":0,"strategy_id":0,"source":null,"symbols":["VNDA","BK4139"],"gpt_icon":0},{"id":"2475987893","title":"Vanda Shares Climb on Reiterated Cycle Acquisition Offer","url":"https://stock-news.laohu8.com/highlight/detail?id=2475987893","media":"Dow Jones","labels":[],"top":-1,"itemType":null,"share":"https://ttm.financial/m/news/2475987893?lang=en_us&edition=fundamental","pubTime":"2024-10-14 22:28","pubTimestamp":1728916080,"startTime":"0","endTime":"0","summary":"Shares of Vanda Pharmaceuticals jumped after Cycle Pharmaceuticals reaffirmed its proposal to buy the company for $8 a share.The stock was up 18% at $5.22 in early trading. Shares have gained 24% since the start of the year.Cycle said Monday morning that it is still offering to buy Vanda for $8 a share in cash despite Vanda's board refusing to engage with Cycle and rejecting its proposal on Oct. 7.have continued to prioritize their own interests and self-preservation with egregious actions that blatantly disenfranchise Vanda shareholders,\" Cycle said.Vanda rejected proposals from both Cycle and the company Future Pak earlier this year, calling each inadequate. In June, Future Pak formally withdrew its offer to buy the company for $8.50 to $9 a share.","market":"fut","thumbnail":null,"type":0,"news_type":0,"thumbnails":[],"rights":null,"property":[],"language":"en","translate_title":"","themeId":null,"theme_name":"","theme_type":"","isJumpTheme":false,"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","is_publish_highlight":false,"source_rank":0,"column":"","sentiment":"0","news_top_title":null,"news_tag":"","news_rank":0,"length":0,"strategy_id":0,"source":null,"symbols":["BK4139","VNDA"],"gpt_icon":0},{"id":"2475361806","title":"BUZZ-Vanda jumps as Cycle Pharma reaffirms buyout offer","url":"https://stock-news.laohu8.com/highlight/detail?id=2475361806","media":"Reuters","labels":[],"top":-1,"itemType":null,"share":"https://ttm.financial/m/news/2475361806?lang=en_us&edition=fundamental","pubTime":"2024-10-14 21:05","pubTimestamp":1728911155,"startTime":"0","endTime":"0","summary":"** Shares of Vanda Pharmaceuticals    rise 21.2% to $5.35 premarket   ** UK-based Cycle Pharmaceuticals reaffirms all-cash proposal to acquire Vanda for $8.00 per share which would value it at $488 million   ** Cycle says the proposal represents a 80% premium to Vanda's share price as on Oct. 11 compared to a 58% premium to its price on June 5, 2024, the day prior to the public disclosure of Cycle's initial offer   ** Cycle had made the offer on June 6 for $8/shr which was rejected by Vanda   ** The company also sent a proposal in September reiterating the offer, which was also rejected by Vanda on Oct. 7   ** Up to last close, stock up 5.2% YTD ","market":"us","thumbnail":null,"type":0,"news_type":0,"thumbnails":[],"rights":null,"property":[],"language":"en","translate_title":"","themeId":null,"theme_name":"","theme_type":"","isJumpTheme":false,"source_url":"https://api.rkd.refinitiv.com/api/News/News.svc/REST/News_1/RetrieveStoryML_1","is_publish_highlight":false,"source_rank":0,"column":"","sentiment":"0","news_top_title":null,"news_tag":"","news_rank":0,"length":0,"strategy_id":0,"source":null,"symbols":["BK4139","VNDA"],"gpt_icon":0},{"id":"2475336524","title":"BRIEF-Cycle Pharmaceuticals Reaffirms All-Cash Proposal To Acquire Vanda Pharmaceuticals For $8.00 Per Share","url":"https://stock-news.laohu8.com/highlight/detail?id=2475336524","media":"Reuters","labels":[],"top":-1,"itemType":null,"share":"https://ttm.financial/m/news/2475336524?lang=en_us&edition=fundamental","pubTime":"2024-10-14 20:27","pubTimestamp":1728908835,"startTime":"0","endTime":"0","summary":"Oct 14  - Vanda Pharmaceuticals Inc   :   * CYCLE PHARMACEUTICALS REAFFIRMS ALL-CASH PROPOSAL TO ACQUIRE VANDA PHARMACEUTICALS FOR $8.00 PER SHARE   * CYCLE PHARMACEUTICALS: VANDA'S BOARD AND MANAGEMENT TEAM HAVE REFUSED TO ENGAGE WITH US   * CYCLE PHARMACEUTICALS: READY TO WORK IMMEDIATELY WITH VANDA'S BOARD, MANAGEMENT TO REACH AGREEMENTSource text for Eikon:    Further company coverage:    ","market":"us","thumbnail":null,"type":0,"news_type":0,"thumbnails":[],"rights":null,"property":[],"language":"en","translate_title":"","themeId":null,"theme_name":"","theme_type":"","isJumpTheme":false,"source_url":"https://api.rkd.refinitiv.com/api/News/News.svc/REST/News_1/RetrieveStoryML_1","is_publish_highlight":false,"source_rank":0,"column":"","sentiment":"0","news_top_title":null,"news_tag":"","news_rank":0,"length":0,"strategy_id":0,"source":null,"symbols":["BK4139","VNDA"],"gpt_icon":0},{"id":"2475655643","title":"Cycle Pharmaceuticals: Vanda's Board and Management Team Have Refused to Engage With US","url":"https://stock-news.laohu8.com/highlight/detail?id=2475655643","media":"THOMSON REUTERS","labels":[],"top":-1,"itemType":null,"share":"https://ttm.financial/m/news/2475655643?lang=en_us&edition=fundamental","pubTime":"2024-10-14 20:19","pubTimestamp":1728908347,"startTime":"0","endTime":"0","summary":null,"market":"us","thumbnail":null,"type":0,"news_type":0,"thumbnails":[],"rights":null,"property":[],"language":"en","translate_title":"","themeId":null,"theme_name":"","theme_type":"","isJumpTheme":false,"source_url":"https://api.refinitiv.com/data/news/v1/stories/urn:newsml:reuters.com:20241014:nFWN3LQ0Q8:2","is_publish_highlight":false,"source_rank":0,"column":"","sentiment":"0","news_top_title":null,"news_tag":"","news_rank":0,"length":0,"strategy_id":0,"source":"reuters_en_live","symbols":["VNDA","BK4139"],"gpt_icon":0},{"id":"2475365301","title":"Cycle Pharmaceuticals Reaffirms All-Cash Proposal to Acquire Vanda Pharmaceuticals for $8.00 per Share","url":"https://stock-news.laohu8.com/highlight/detail?id=2475365301","media":"THOMSON REUTERS","labels":[],"top":-1,"itemType":null,"share":"https://ttm.financial/m/news/2475365301?lang=en_us&edition=fundamental","pubTime":"2024-10-14 20:19","pubTimestamp":1728908347,"startTime":"0","endTime":"0","summary":null,"market":"us","thumbnail":null,"type":0,"news_type":0,"thumbnails":[],"rights":null,"property":[],"language":"en","translate_title":"","themeId":null,"theme_name":"","theme_type":"","isJumpTheme":false,"source_url":"https://api.refinitiv.com/data/news/v1/stories/urn:newsml:reuters.com:20241014:nFWN3LQ0Q8:1","is_publish_highlight":false,"source_rank":0,"column":"","sentiment":"0","news_top_title":null,"news_tag":"","news_rank":0,"length":0,"strategy_id":0,"source":"reuters_en_live","symbols":["BK4139","VNDA"],"gpt_icon":0},{"id":"2475351469","title":"MEDIA-Cycle Pharma is said to stand by $488 mln offer for Vanda - Bloomberg News","url":"https://stock-news.laohu8.com/highlight/detail?id=2475351469","media":"Reuters","labels":[],"top":-1,"itemType":null,"share":"https://ttm.financial/m/news/2475351469?lang=en_us&edition=fundamental","pubTime":"2024-10-14 18:33","pubTimestamp":1728902006,"startTime":"0","endTime":"0","summary":"-- Source link:    -- Note: Reuters has not verified this story and does not vouch for its accuracy ((Bengaluru newsroom, globalnewsmonitoring@thomsonreuters.com))","market":"us","thumbnail":null,"type":0,"news_type":0,"thumbnails":[],"rights":null,"property":[],"language":"en","translate_title":"","themeId":null,"theme_name":"","theme_type":"","isJumpTheme":false,"source_url":"https://api.rkd.refinitiv.com/api/News/News.svc/REST/News_1/RetrieveStoryML_1","is_publish_highlight":false,"source_rank":0,"column":"","sentiment":"0","news_top_title":null,"news_tag":"","news_rank":0,"length":0,"strategy_id":0,"source":null,"symbols":["BK4139","VNDA"],"gpt_icon":0},{"id":"2475335457","title":"Cycle Pharma Is Said to Stand By $488 Million Offer for Vanda","url":"https://stock-news.laohu8.com/highlight/detail?id=2475335457","media":"Bloomberg","labels":[],"top":-1,"itemType":null,"share":"https://ttm.financial/m/news/2475335457?lang=en_us&edition=fundamental","pubTime":"2024-10-14 18:00","pubTimestamp":1728900000,"startTime":"0","endTime":"0","summary":" -- Cycle Pharmaceuticals Ltd. is still interested in acquiring Vanda Pharmaceuticals Inc. after one of Vanda’s drugs failed to receive regulatory approval, according to people familiar with the matter.The $488 million offer has been reaffirmed by Cycle even though Vanda’s stock has fallen 29% since June, the people said, asking not to be identified because the information was private. While Cycle is sticking by its $8-a-share bid, Vanda’s board has declined to discuss the proposal and has instead imposed new rules aimed at thwarting it, the people said.A representative for Vanda didn’t immediately respond to requests for comment, while a spokesperson for Cycle declined to comment.In June, Cycle confirmed an earlier Bloomberg News report that it was offering to buy Vanda. At the time, Vanda responded that it had received an “unsolicited, non-binding indication of interest” that it would review.","market":"us","thumbnail":"https://s.yimg.com/uu/api/res/1.2/_Q.OvLWbDvw9fJqlpX5zDg--~B/aD0xNTAwO3c9MjAwMDthcHBpZD15dGFjaHlvbg--/https://media.zenfs.com/en/bloomberg_markets_842/63d0224021bdc199d6064c5e78f9dd87","type":0,"news_type":0,"thumbnails":["https://s.yimg.com/uu/api/res/1.2/_Q.OvLWbDvw9fJqlpX5zDg--~B/aD0xNTAwO3c9MjAwMDthcHBpZD15dGFjaHlvbg--/https://media.zenfs.com/en/bloomberg_markets_842/63d0224021bdc199d6064c5e78f9dd87"],"rights":null,"property":[],"language":"en","translate_title":"","themeId":null,"theme_name":"","theme_type":"","isJumpTheme":false,"source_url":"https://finance.yahoo.com/news/cycle-pharma-said-stand-488-100000128.html","is_publish_highlight":false,"source_rank":0,"column":"","sentiment":"0","news_top_title":null,"news_tag":"","news_rank":0,"length":0,"strategy_id":0,"source":"yahoofinance","symbols":["BK4139","VNDA"],"gpt_icon":0},{"id":"2470876345","title":"Biotech Stock Roundup: BHVN, WVE, ZVRA Stocks Up on Updates, BIIB & UCBs Study Data & More","url":"https://stock-news.laohu8.com/highlight/detail?id=2470876345","media":"Zacks","labels":[],"top":-1,"itemType":null,"share":"https://ttm.financial/m/news/2470876345?lang=en_us&edition=fundamental","pubTime":"2024-09-27 00:06","pubTimestamp":1727366760,"startTime":"0","endTime":"0","summary":"The biotech sector was in focus last week, with regular pipeline and regulatory updates. Drug approvals were in the spotlight as well.Here's a recap of the week’s most important stories:. Biogen BIIB and partner UCB announced that the phase III PHOENYCS GO study, which evaluated the investigational drug candidate, dapirolizumab pegol, for the treatment of moderate-to-severe systemic lupus erythematosus , met the primary endpoint by demonstrating clinical improvement in moderate-to-severe SLE.The double-blind, placebo-controlled phase III PHOENYCS GO study evaluated dapirolizumab pegol as an add-on therapy to standard-of-care  versus placebo with SOC for treating SLE. Data from the study showed that dapirolizumab pegol, in combination with SOC, led to greater improvement in moderate-to-severe disease activity after 48 weeks compared with placebo in addition to SOC.Biohaven Ltd. BHVN announced positive top-line data from the pivotal BHV4157-206-RWE study, which evaluated its pipeline can","market":"us","thumbnail":"https://s.yimg.com/uu/api/res/1.2/1H9NqoSNLfLtMd2fyMlfBA--~B/aD00MDA7dz02MzU7YXBwaWQ9eXRhY2h5b24-/https://media.zenfs.com/en/zacks.com/9883d206905e7516b2353476e213e60c","type":0,"news_type":0,"thumbnails":["https://s.yimg.com/uu/api/res/1.2/1H9NqoSNLfLtMd2fyMlfBA--~B/aD00MDA7dz02MzU7YXBwaWQ9eXRhY2h5b24-/https://media.zenfs.com/en/zacks.com/9883d206905e7516b2353476e213e60c"],"rights":null,"property":[],"language":"en","translate_title":"","themeId":null,"theme_name":"","theme_type":"","isJumpTheme":false,"source_url":"https://finance.yahoo.com/news/biotech-stock-roundup-bhvn-wve-160600751.html","is_publish_highlight":false,"source_rank":0,"column":"","sentiment":"0","news_top_title":null,"news_tag":"","news_rank":0,"length":0,"strategy_id":0,"source":"yahoofinance","symbols":["BK4585","BK4139","LU0320765992.SGD","LU1093756325.SGD","IE00B19Z9P08.USD","BK4533","BK4532","LU0234570918.USD","LU0889565916.HKD","CRL","BK4588","IE00B894F039.SGD","BIIB","LU0109394709.USD","BHVN","BK4213","WVE","SLE","ZVRA","IE00B19Z9Z06.USD","BK4077","BK4121","BK4530","BK4007","SCA","LU1093756168.USD","LU0390134368.USD","SOC","VNDA"],"gpt_icon":0},{"id":"2469797446","title":"VNDA Stock Down as FDA Rejects NDA for Tradipitant in Gastroparesis","url":"https://stock-news.laohu8.com/highlight/detail?id=2469797446","media":"Zacks","labels":[],"top":-1,"itemType":null,"share":"https://ttm.financial/m/news/2469797446?lang=en_us&edition=fundamental","pubTime":"2024-09-20 23:37","pubTimestamp":1726846620,"startTime":"0","endTime":"0","summary":"Vanda Pharmaceuticals Inc. VNDA announced that the FDA issued a complete response letter  to its new drug application  seeking approval for its pipeline candidate, tradipitant for the treatment of symptoms in gastroparesis.Shares of the company were down 6.1% on Sept. 19 following the announcement of the news.Marked by delayed gastric emptying, gastroparesis is a serious condition that slows down the stomach's ability to empty its contents. The FDA has not approved any effective medicine for treating gastroparesis in more than 40 years.Year to date, shares of Vanda have increased 10.2% compared with the industry’s rise of 0.4%.In the past 60 days, estimates for Illumina’s 2024 earnings per share have moved up from $1.84 to $3.63. Earnings per share estimates for 2025 have improved from $3.22 to $4.43. Year to date, shares of ILMN have lost 3.5%.In the past 60 days, estimates for Krystal Biotech’s 2024 earnings per share have incre","market":"us","thumbnail":"https://s.yimg.com/uu/api/res/1.2/c23rHSrGLTeyi6ecjtGakg--~B/aD0zNDY7dz02MjA7YXBwaWQ9eXRhY2h5b24-/https://media.zenfs.com/en/zacks.com/88c5b382e5e9e4ea852e01bfc1435a7b","type":0,"news_type":0,"thumbnails":["https://s.yimg.com/uu/api/res/1.2/c23rHSrGLTeyi6ecjtGakg--~B/aD0zNDY7dz02MjA7YXBwaWQ9eXRhY2h5b24-/https://media.zenfs.com/en/zacks.com/88c5b382e5e9e4ea852e01bfc1435a7b"],"rights":null,"property":[],"language":"en","translate_title":"","themeId":null,"theme_name":"","theme_type":"","isJumpTheme":false,"source_url":"https://finance.yahoo.com/news/vnda-stock-down-fda-rejects-153700477.html","is_publish_highlight":false,"source_rank":0,"column":"","sentiment":"0","news_top_title":null,"news_tag":"","news_rank":0,"length":0,"strategy_id":0,"source":"yahoofinance","symbols":["FULC","BK4585","BK4121","CRL","KRYS","BK4548","LU0390134368.USD","BK4534","BK4588","BK4530","BK4535","VNDA","ILMN","BK4007","BK4139"],"gpt_icon":0},{"id":"2468636892","title":"Why Vanda Pharmaceuticals Stock Sank by Nearly 6% Today","url":"https://stock-news.laohu8.com/highlight/detail?id=2468636892","media":"Motley Fool","labels":["movement"],"top":-1,"itemType":null,"share":"https://ttm.financial/m/news/2468636892?lang=en_us&edition=fundamental","pubTime":"2024-09-20 05:20","pubTimestamp":1726780800,"startTime":"0","endTime":"0","summary":"A regulator's decision drained the market's enthusiasm for the company.","market":"fut","thumbnail":"https://g.foolcdn.com/image/?url=https%3A%2F%2Fg.foolcdn.com%2Feditorial%2Fimages%2F791302%2Fmedical-professional-with-hand-on-head.jpg&op=resize&w=165&h=104","type":0,"news_type":0,"thumbnails":["https://g.foolcdn.com/image/?url=https%3A%2F%2Fg.foolcdn.com%2Feditorial%2Fimages%2F791302%2Fmedical-professional-with-hand-on-head.jpg&op=resize&w=165&h=104"],"rights":null,"property":[],"language":"en","translate_title":"","themeId":null,"theme_name":"","theme_type":"","isJumpTheme":false,"source_url":"https://www.fool.com/investing/2024/09/19/why-vanda-pharmaceuticals-stock-sank-by-nearly-6-t/","is_publish_highlight":false,"source_rank":0,"column":"","sentiment":"0","news_top_title":null,"news_tag":"movement","news_rank":0,"length":0,"strategy_id":0,"source":"fool_stock","symbols":["BK4530","LU0390134368.USD","VNDA","BK4121","CRL","BK4585","BK4588","BK4139"],"gpt_icon":0},{"id":"2468572603","title":"Vanda Pharmaceuticals Shares Down 9% After US FDA Declines to Approve Co's Stomach Paralysis Drug","url":"https://stock-news.laohu8.com/highlight/detail?id=2468572603","media":"THOMSON REUTERS","labels":[],"top":-1,"itemType":null,"share":"https://ttm.financial/m/news/2468572603?lang=en_us&edition=fundamental","pubTime":"2024-09-19 21:32","pubTimestamp":1726752742,"startTime":"0","endTime":"0","summary":null,"market":"us","thumbnail":null,"type":0,"news_type":0,"thumbnails":[],"rights":null,"property":[],"language":"en","translate_title":"","themeId":null,"theme_name":"","theme_type":"","isJumpTheme":false,"source_url":"https://api.refinitiv.com/data/news/v1/stories/urn:newsml:reuters.com:20240919:nFWN3L10FU:1","is_publish_highlight":false,"source_rank":0,"column":"","sentiment":"0","news_top_title":null,"news_tag":"","news_rank":0,"length":0,"strategy_id":0,"source":"reuters_en_live","symbols":["VNDA","BK4139"],"gpt_icon":0},{"id":"2468766715","title":"Vanda Pharma Shares Fall 15% as FDA Denies Approval of Tradipitant NDA for Treating Gastroparesis Symptoms","url":"https://stock-news.laohu8.com/highlight/detail?id=2468766715","media":"MT Newswires Live","labels":[],"top":-1,"itemType":null,"share":"https://ttm.financial/m/news/2468766715?lang=en_us&edition=fundamental","pubTime":"2024-09-19 20:26","pubTimestamp":1726748805,"startTime":"0","endTime":"0","summary":"Vanda Pharmaceuticals (VNDA) shares tumbled 15% premarket Thursday after the biopharmaceutical company said the US Food and Drug Administration declined to approve its new-drug application for tradipi","market":"fut","thumbnail":null,"type":0,"news_type":0,"thumbnails":[],"rights":null,"property":[],"language":"en","translate_title":"","themeId":null,"theme_name":"","theme_type":"","isJumpTheme":false,"source_url":"https://www.mtnewswires.com/","is_publish_highlight":false,"source_rank":0,"column":"","sentiment":"0","news_top_title":null,"news_tag":"","news_rank":0,"length":0,"strategy_id":0,"source":"mtnewswires_news","symbols":["BK4139","VNDA"],"gpt_icon":0}],"pageSize":16,"totalPage":7,"pageCount":6,"totalSize":108}]}}