
Mihael Polymeropoulos, Vanda Pharmaceuticals CEO
Vanda's gastric drug flops in late-stage test, crashing the biotech's stock
You may remember Vanda Pharmaceuticals from its brief feud with the FDA over a partial clinical hold on gastric drug tradipitant — a fight it would lose in court a couple years ago. Now, that same drug is in hot water after failing a pivotal test.
Tradipitant, an in-licensed drug from Eli Lilly being tested in gastroparesis, flopped a Phase III study looking to reduce nausea symptoms against placebo, the biotech said Friday.
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