Key facts: Vanda Pharmaceuticals shares up 38% on FDA approval; Bysanti to launch by Q3 2026

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Vanda Pharmaceuticals (VNDA) shares jumped 38% after the FDA approved Bysanti tablets for schizophrenia and bipolar I disorder, with a projected launch by Q3 2026. The company confirmed that milsaperidone, a component of Bysanti, converts to iloperidone, demonstrating similar drug levels and safety. Vanda Pharmaceuticals also plans to investigate Bysanti as a once-daily add-on treatment for depression.

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