regulatory
confidence high
sentiment negative
materiality 0.80
FDA issues Complete Response Letter for Vanda's HETLIOZ insomnia sNDA
Vanda Pharmaceuticals Inc.
- Received CRL on March 4, 2024 for HETLIOZ (tasimelteon) to treat insomnia with sleep initiation difficulties.
- FDA stated deficiencies precluding approval; sNDA cannot be approved in present form.
- Vanda reviewing CRL and evaluating next steps; no specific financial impact disclosed.
- PDUFA date was March 4, 2024; FDA had flagged deficiencies on February 4, 2024.