Marketwatch.....the FDA does care about the drug companys, the BIG drug companys. Vanda has a drug for mental disorders that works, the FDA had a target date for 9/08. They were given a nonapproval. Turns out that Eli Lilly was coming out with the same kind of drug in 4/09.
Vanda was given a new target date 5/09 one month after Lilly's drug would have been released. At the end of March Lilly had to make thier trials public and the drug did not work. More people improved on the placibo than on the real drug. Vanda's drug was approved without anymore testing. I sat on Vanda for almost a year, I was in at .77 and sold at 10.00. Thanks to the FDA only caring which way the big money flows I was able to make a little change.![]()



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