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Stock impact report

Intra-Cellular Therapies: A Dramatic Story [Seeking Alpha]

Vanda Pharmaceuticals Inc. (VNDA) 
Last vanda pharmaceuticals inc. earnings: 2/25 04:01 pm Check Earnings Report
Company Research Source: Seeking Alpha
francescoch/iStock via Getty ImagesI last addressed Intra-Cellular (NASDAQ:ITCIRainbowThis is my firstrevisit of the name. I remain positive as I discuss below.Expect good things from Intra-Cellular's CAPLYTACAPLYTA (lumateperone) was first approved by the FDA in 12/2019 for treatment of adults with schizophrenia. It joined acrowded10-KNet revenues from product sales consist of sales of CAPLYTA, which was approved by the FDA on December 2019. We initiated the commercial launch of CAPLYTA in late March 2020 and generated approximately $22.5 million in net revenue from product sales for the year ended December 31, 2020. During this product launch year, 2020 net sales increased steadily from approximately $883,000 in the first quarter of 2020 to approximately $12.4 million in the fourth quarter.Things got much more interesting with FDA's 12/2021 approval for CAPLYTA in treatment of bipolar depression in adults. Intra-Cellular promptly launched CAPLYTA in its newly approved indication. Re Show less Read more
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