Vanda Pharmaceuticals Inc. · NASDAQ:VNDA
Vanda Pharmaceuticals — Investor Presentation (November 2022)
54 slides from Vanda Pharmaceuticals's investor presentation, November 2022
Slide 1: 2022 Corporate Presentation
2022 CORPORATE PRESENTATION November 2022
Slide 2: Forward-Looking Statements
Forward-Looking Statements Various statements in this presentation, including, but not limited to, Vanda’s financial guidance for 2022, and statements regarding Vanda’s commercial products, plans and opportunities, as well as statements about Vanda’s products in development and the related clinical
Slide 3: Commercialized Products
Commercialized Products 02 HETLIOZ® oral capsules are approved in Fanapt® is approved in the U.S. the U.S. and Europe for the treatment of for the treatment of adults with Non-24-Hour Sleep-Wake Disorder (Non- schizophrenia. 24). HETLIOZ® oral capsules and HETLIOZ LQ ® liquid formulation are approve
Slide 4: Clinical Development Pipeline
Clinical Development Pipeline Product Indication Preclinical Phase I Phase II Phase III Regulatory Jet Lag Disorder Insomnia Delayed Sleep Phase Disorder (DSPD) Autism Spectrum Disorder (ASD) Non-24 Pediatric Bipolar I Disorder Long Acting Injectable (LAI) Parkinson’s Disease Psychosis Gastroparesis
Slide 5: Financial Objectives & Highlights
Financial Objectives & Highlights 2022 Financial Q3 2022 Financial Objectives and Highlights Guidance1 Total revenues $240 to $270 million $65.3 million HETLIOZ® net product sales $150 to $170 million Total net product sales from HETLIOZ® and Fanapt® were $65.3 million in the third quarter of 2022.
Slide 6: 2022 Top Priorities & Milestones
2022 Top Priorities & Milestones SMS Launch Tradipitant for • Growth of HETLIOZ® with the Gastroparesis launch of nighttime sleep 01 02 • Prepare for submission to disturbances in SMS regulatory authorities • Estimated 15,000 patients in • Gastroparesis impacts the U.S. approximately 6 million Ameri
Slide 7: HETLIOZ for Smith-Magenis Syndrome (SMS)
HETLIOZ® for Smith-Magenis Syndrome (SMS) • HETLIOZ® first approved treatment for nighttime sleep disturbances in SMS (December 2020) • Severe sleep disorder is the strongest predictor of maladaptive behavior 15,000 Chromosomal deletion of 17p11.2 Major physical, 1/15,000-25,000 Rare mutations of de
Slide 8: HETLIOZ for Smith-Magenis Syndrome (SMS)
HETLIOZ® for Smith-Magenis Syndrome (SMS) 1. December 2020: FDA approves HETLIOZ® & HETLIOZ LQ ® for the treatment of nighttime sleep disturbances in patients with SMS 2. Patients from the ongoing open label clinical study have been contacted and are at different stages of working with their doctors
Slide 9: Research and Development
© Research and fi Development
Slide 10: Clinical Development Pipeline
Clinical Development Pipeline Product Indication Preclinical Phase I Phase II Phase III Regulatory Jet Lag Disorder Insomnia Delayed Sleep Phase Disorder (DSPD) Autism Spectrum Disorder (ASD) Non-24 Pediatric Bipolar I Disorder Long Acting Injectable (LAI) Parkinson’s Disease Psychosis Gastroparesis
Slide 11: Tradipitant Programs
Tradipitant Programs 11
Slide 12: Tradipitant Programs
Tradipitant Programs 1 Gastroparesis • Phase III study results reported in February 2022, 12-week study of ~200 patients with idiopathic or diabetic gastroparesis • Phase II positive study with results reported in December 2018 and published in Gastroenterology in January 2021 • Vanda expects to sub
Slide 13: Gastroparesis
Gastroparesis 13
Slide 14: Tradipitant for Gastroparesis
Tradipitant for Gastroparesis • Completed two clinical studies of tradipitant in gastroparesis and preparing for the submission of an NDA, which is expected to be submitted in the first half of 2023. • Gastroparesis is a significant unmet medical need. • Last treatment approved more than 40 years ag
Slide 15: Gastroparesis - Symptoms & Clinical Expression
Gastroparesis - Symptoms & Clinical Expression1 Diabetic or Idiopathic Gastroparesis Chronic Nausea Vomiting Patients with gastroparesis suffer from chronic, severe and Gastroparesis can cause debilitating nausea. vomiting, which can lead to weight loss and hospitalization due to nutritional deficie
Slide 16: Tradipitant Gastroparesis Clinical Program
Tradipitant Gastroparesis Clinical Program 1 Phase II Study (VP-VLY-686-2301) • 4-week study of approximately 150 adult patients with diabetic or idiopathic gastroparesis • Tradipitant was shown to be effective in improving nausea and overall symptoms in patients with gastroparesis • Efficacy establ
Slide 17: Gastroparesis – Phase II Study
Gastroparesis – Phase II Study Results reported in December 2018, published in Gastroenterology January 20211 Study Design Population Assessments o 4 weeks of double-blind treatment o Approximately 150 randomized o Patient Reported Daily Diary: followed by optional 8 weeks of subjects Nausea, Vomiti
Slide 18: Gastroparesis – Phase III Study
Gastroparesis – Phase III Study Study is complete and results were reported in February 2022 Study Design Population Assessments o 12 weeks of double-blind o Approximately 200 randomized o Patient Reported Daily Diary: treatment subjects Nausea, Vomiting & Other Symptoms o 85 mg b.i.d. o Stratified
Slide 19: Gastroparesis – Pooled Study Results
Gastroparesis – Pooled Study Results • Vanda completed a pooled analysis of two clinical studies of tradipitant in gastroparesis. • Population of 342 patients with relevant clinical endpoints. • Both studies were large multi-site, randomized, double-blind, placebo controlled studies • Tradipitant wa
Slide 20: Gastroparesis – Pooled Study Results
Gastroparesis – Pooled Study Results Figure 1 and Table 1 show the results of such pooled analysis of all patients randomized in the two studies (intent to treat population, ITT) and Figure 2 and Table 2 show the results for the same parameters in the population of patients who were judged as compli
Slide 21: Motion Sickness
Motion Sickness 21
Slide 22: Tradipitant for Motion Sickness
Tradipitant for Motion Sickness Neurokinin-1 (NK-1) receptor antagonists have the potential to be effective in improving the symptoms of motion sickness, given the involvement of substance P in nauseogenic and emetic pathways and the expression of NK-1 receptors in the gastrointestinal system.1 The
Slide 23: Motion Sickness – Phase II Study Results
Motion Sickness – Phase II Study Results Results reported in July 2019, published in Frontiers in Neurology in September 20201 • Tradipitant was shown to be effective in preventing motion sickness1 • An exploratory analysis was performed to evaluate the effects of tradipitant under “calm” and “rough
Slide 24: Motion Sickness – Phase II Study Results
Motion Sickness – Phase II Study Results Results reported in July 2019, published in Frontiers in Neurology in September 20201 • Tradipitant was shown to be effective in preventing motion sickness1 • An exploratory analysis was performed to evaluate the effects of tradipitant under “calm” and “rough
Slide 25: Atopic Dermatitis (AD)
Atopic Dermatitis (AD) 25
Slide 26: Tradipitant for Atopic Dermatitis (AD)
Tradipitant for Atopic Dermatitis (AD) • Tradipitant has the potential to become a first line pharmacological treatment for patients with pruritus in AD in need of systemic treatment. • Management of pruritus is a key treatment goal for patients.1 • Chronic pruritus, pruritus lasting more than 6 wee
Slide 27: Atopic Dermatitis – Phase II Study Results
Atopic Dermatitis – Phase II Study Results Results reported in September 2017 • Primary endpoint of average itch Visual Analog Scale (VAS) did not show significance due to high placebo effect and lack of sensitivity of this measure • Significant improvements also shown in Clinical Global Impression
Slide 28: Atopic Dermatitis – Phase III Study Results
Atopic Dermatitis – Phase III Study Results Results reported in February 2020, published in the Journal of the European Academy of Dermatology and Venereology in December 20201 •Tradipitant antipruritic effects not seen in moderate or severe AD and the study did not meet its primary endpoint •Tradip
Slide 29: Atopic Dermatitis – Phase III Study Results
Atopic Dermatitis – Phase III Study Results Results reported in February 2020, published in the Journal of the European Academy of Dermatology and Venereology in December 20201 •Tradipitant antipruritic effects not seen in moderate or severe AD and the study did not meet its primary endpoint •Tradip
Slide 30: COVID-19 Pneumonia
COVID-19 Pneumonia 30
Slide 31: Tradipitant for COVID-19 ARDS & Pneumonia
Tradipitant for COVID-19 Acute Respiratory Distress Syndrome (ARDS) & Pneumonia ODYSSEY STUDY • The ODYSSEY study was a randomized controlled trial to examine the effectiveness of tradipitant as compared to placebo in COVID-19 patients • The efficacy endpoints included mortality rate, severity of di
Slide 32: HETLIOZ Lifecycle Management
HETLIOZ® Lifecycle Management 32
Slide 33: HETLIOZ Lifecycle Management Programs
HETLIOZ® Lifecycle Management Programs 1 Delayed Sleep Phase Disorder • Phase III program initiated 2 Autism Spectrum Disorder • Phase II open label study to be followed by a Phase III randomized, placebo-controlled study 3 Non-24 Pediatric • Phase III clinical program in preparation 4 Jet Lag Disor
Slide 34: Delayed Sleep Phase Disorder (DSPD)
Delayed Sleep Phase Disorder (DSPD) 34
Slide 35: HETLIOZ for Delayed Sleep Phase Disorder (DSPD)
HETLIOZ® for Delayed Sleep Phase Disorder (DSPD) Prevalence ~ 3.3 million adults in the U.S.* The prevalence of delayed sleep-wake phase disorder (DSPD) is highest in adolescents and young adults, with rates estimated between 3.3 and 4.6 percent.1 The prevalence of DSPD in adults is lower, with esti
Slide 36: DSPD Symptoms & Clinical Expression
Delayed Sleep Phase Disorder (DSPD) Symptoms & Clinical Expression Sleep Insufficiency & Delayed Sleep Onset Daytime Impairment Delayed bedtime, combined with conventional Individuals with DSPD habitually go to school/work start times causes significant bed and wake-up significantly later than reduc
Slide 37: Jet Lag Disorder
Jet Lag Disorder 37
Slide 38: HETLIOZ for Jet Lag Disorder
HETLIOZ® for Jet Lag Disorder U.S. Traveler Demographics Over 20 million U.S. 80% of US passengers residents travel to 78% of transmeridian travelers traveling 5-8 time zones destinations in Europe, the experience sleep pass through 10 airports. Middle East and Asia each disturbances.2 35% through J
Slide 39: Jet Lag Disorder – JET8 Study Results
Jet Lag Disorder – JET8 Study Results Results reported in March 2018 • The magnitude of the total sleep time benefit of 85 minutes improvement over placebo is significant and clinically meaningful • The demonstration of benefits in measurements of next day alertness on both KSS and VAS is meaningful
Slide 40: Jet Lag Disorder – Clinical Program
Jet Lag Disorder – Clinical Program 4 Positive Clinical Studies Study Patients Design Circadian challenge of an 8 hour advance to a subject’s JET8 (3107) 318 usual bedtime Circadian challenge of a 5 hour advance to a subject’s usual JET5 (3101) 411 bedtime A two-phase transatlantic travel study, wit
Slide 41: Fanapt Lifecycle Management
Fanapt® Lifecycle Management 41
Slide 42: Fanapt Lifecycle Management Programs
Fanapt® Lifecycle Management Programs 1 Bipolar I Disorder • Phase III program ongoing for the acute treatment of Bipolar I disorder with sites in the U.S. and Europe; results expected by the end of 2022 2 Parkinson’s Disease Psychosis Two studies: 1. Phase II open label study of 2 cohorts 2. Follow
Slide 43: Parkinson's Disease Psychosis
Parkinson’s Disease Psychosis 43
Slide 44: Fanapt for Parkinson's Disease Psychosis
Fanapt® for Parkinson’s Disease Psychosis ~ 1 million adults Prevalence in the U.S. with 930,000 people in the U.S. with Parkinson’s Parkinson’s Disease1 Disease (PD).1 More than 10 million people worldwide with PD.2 Between 20-40% of people with PD report the experience of hallucinations or delusio
Slide 45: Early Stage Programs
Early Stage Programs 45
Slide 46: Early-Stage Programs
Early-Stage Programs Cystic Fibrosis Transmembrane Conductance Regulators (CFTR) • VSJ-110 – CFTR Activator: VSJ-110 has shown efficacy in a dry eye model¹ and exhibited anti- inflammatory properties in both in vitro and in vivo assays • Ongoing Phase II Conjunctivitis Study investigating anti-infla
Slide 47: Early-Stage Programs
Early-Stage Programs Antisense Oligonucleotide (ASO) • In September 2022, Vanda and OliPass Corporation (OliPass) announced a research and development agreement to jointly develop a set of antisense oligonucleotide (ASO) molecules based on OliPass' proprietary modified peptide nucleic acids. • This
Slide 48: Financial Results
Financial Results 48
Slide 49: Financial Objectives & Highlights
Financial Objectives & Highlights 2022 Financial Q3 2022 Financial Objectives and Highlights Guidance1 Total revenues $240 to $270 million $65.3 million HETLIOZ® net product sales $150 to $170 million Total net product sales from HETLIOZ® and Fanapt® were $65.3 million in the third quarter of 2022.
Slide 50: HETLIOZ Net Product Sales
Financials – HETLIOZ® Net Product Sales • Full year 2022 global net product sales guidance of $150 to $170 million • In December of 2020 HETLIOZ® oral capsules and HETLIOZ LQ ® liquid formulation were approved for the treatment of nighttime sleep disturbances in adults and children, respectively, wi
Slide 51: Fanapt Net Product Sales
Financials – Fanapt® Net Product Sales • Full year 2022 global net product sales guidance of $90 to $100 million • Vanda initiated Fanapt® U.S. promotion in early 2015 $90-100M $100 $95M $90 $87M $84M $80 $77M $75M Fanapt® Net Product Sales $74M $70 $66M (In millions) $60 $50 $40 $30 $20 $10 Guidanc
Slide 52: Financials – Results Through September 30, 2022
Financials – Results Through September 30, 2022 Results Through September 30, 2022 HETLIOZ® Net Product Sales $119.6M Fanapt® Net Product Sales $70.3M Total Revenues $189.9M Cost of Goods Sold $18.0M Research & Development $67.3M Selling, General & Administrative $103.7M Intangible Asset Amortizatio
Slide 53: For more information on HETLIOZ ® , please visit www.HETLIOZ.com For more information on
For more information on HETLIOZ®, please visit www.HETLIOZ.com For more information on Fanapt®, please visit www.FANAPT.com 53
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