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INVESTOR ALERT: Kirby McInerney LLP Announces an Investigation of Shareholder Claims Against Vanda Pharmaceuticals Inc.

February 12, 2019

NEW YORK--(BUSINESS WIRE)--Feb 11, 2019--The law firm of Kirby McInerney LLP is investigating potential claims against Vanda Pharmaceuticals, Inc. (“Vanda” or the “Company”) (NASDAQ: VNDA ). This investigation concerns whether Vanda has violated federal securities laws and/or engaged in other unlawful business practices.

On February 11, 2019, Aurelius Value published an article reporting that a qui tam lawsuit filed by a whistleblower was recently unsealed, containing allegations of “illegal off-label promotion of both of Vanda’s drugs, Vanda’s participation in a fraud involving doctors writing hundreds of ‘fake prescriptions’ and pocketing cash using Vanda-issued copay cards, falsified documents in internal systems, and resignations of senior executives who refused to participate in illegal activity.”

On this news, shares of Vanda fell $0.95 per share or approximately 5%, to close at $18.00 on February 11, 2019.

If you acquired Vanda securities, have information, or would like to learn more about these claims, please contact Thomas W. Elrod of Kirby McInerney LLP at 212-371-6600, by email at investigations@kmllp.com, or by filling out this contact form, to discuss your rights or interests with respect to these matters without any cost to you.

Kirby McInerney LLP is a New York-based plaintiffs’ law firm concentrating in securities, antitrust, and whistleblower litigation. The firm’s efforts on behalf of shareholders in securities litigation have resulted in recoveries totaling billions of dollars. Additional information about the firm can be found at Kirby McInerney LLP’s website: www.kmllp.com.

This press release may be considered Attorney Advertising in some jurisdictions under the applicable law and ethical rules.

View source version on businesswire.com:https://www.businesswire.com/news/home/20190211005803/en/

CONTACT: Kirby McInerney LLP

Thomas W. Elrod, Esq., (212) 371-6600

investigations@kmllp.com

www.kmllp.com

KEYWORD: UNITED STATES NORTH AMERICA NEW YORK

INDUSTRY KEYWORD: PROFESSIONAL SERVICES LEGAL

SOURCE: Kirby McInerney LLP

Copyright Business Wire 2019.

PUB: 02/11/2019 07:00 PM/DISC: 02/11/2019 07:00 PM

http://www.businesswire.com/news/home/20190211005803/en

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