Vanda Pharmaceuticals, Inc.'s Experimental Drug Helps The Blind Sleep, FDA Staff Says; Stock Soars +95.93% At Market Close (November 12, 2013)

An experimental sleep disorder drug made by Vanda Pharmaceuticals Inc is safe and effective enough to warrant approval, a U.S. Food and Drug Administration review found. The report, posted on the FDA's website on Tuesday, comes two days ahead of a meeting of outside medical experts who will discuss the drug and recommend whether or not it should be approved. The FDA is not bound to follow the advice of its advisory panels but typically does so.

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