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VNDA Jumps +824% On FDA Approval!!

|Includes:Vanda Pharmaceuticals Inc. (VNDA)

After the market, VNDA investors experienced "Christmas in May"!!  VNDA announced that the US Food and Drug Administration (FDA) has granted marketing approval of Fanapt(NYSE:TM) (iloperidone) for the acute treatment of adult patients with schizophrenia.

VNDA closed at just +1.08 today.  It jumped to almost $10 in the after-hours trading.  Its trading volume was 1.3 million shares during the day, more than 6 times the 10-day volume and more than 10 times the 90-day volume.  Even in the after-hours trading, more than half-a-million shares traded!

VNDA's all-time high was $32/share set back in January 2007.  This stock could have more room to go up, even after an +800% rise!

Good night and HappyTrading! ™

Disclosure: VNDA none

Stocks: VNDA