SHAREHOLDER ALERT: The Law Firm of Levi & Korsinsky, LLP Launches an
Investigation into Possible Breaches of Fiduciary Duty by Vanda
NEW YORK -- June 20, 2013
Levi & Korsinsky is investigating potential claims on behalf of purchasers of
Vanda Pharmaceuticals, Inc. (“Vanda” or the “Company”) (NasdaqGM: VNDA) stock.
The investigation stems from concerns regarding the Company’s Phase III trials
for the drug Tasimelteon.
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On May 31, 2013, Vanda submitted a New Drug Application (“NDA”) for
Tasimelteon to the U.S. Food and Drug Administration. Then on June 19, 2013,
an article was published on thestreet.com, questioning the efficacy of Vanda’s
study, noting that the study not only changed multiple times, but that it
replaced the primary endpoint just a month before study results were
announced; this replacement primary endpoint was not endorsed by the FDA and
had never been used in clinical trials for this type of medication. On the
news, shares of Vanda closed at $8.51 per share on June 19, 2013, a drop of
more than 20% from the previous day.
If you own Vanda stock and wish to obtain additional information about the
investigation and your legal rights, please contact Joseph E. Levi, Esq.
either via email at email@example.com or by telephone at (212) 363-7500,
toll-free: (877) 363-5972, or visit
Levi & Korsinsky is a national firm with offices in New York, New Jersey, and
Washington D.C. The firm has extensive expertise in prosecuting securities
litigation involving financial fraud, representing investors throughout the
nation in securities and shareholder lawsuits. The attorneys at Levi &
Korsinsky have been appointed by numerous courts throughout the country to
serve as lead counsel on behalf of shareholders in major securities lawsuits
and have successfully recovered multimillion-dollar damages awards on behalf
of investors. For more information, please feel free to contact any of the
attorneys listed below. Attorney advertising. Prior results do not guarantee
Levi & Korsinsky, LLP
Joseph Levi, Esq.
Eduard Korsinsky, Esq.
Toll Free: 877-363-5972
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