Vanda Gets Unsolicited, Non-Binding Indication of Interest from Cycle Group

 Vanda Pharmaceuticals Inc. ("Vanda" or the "Company") (Nasdaq: VNDA) today confirmed that it has received an unsolicited, non-binding indication of interest from Cycle Group Holdings Ltd. ("Cycle Group") to acquire the Company for $8.00 per share in cash.

Consistent with its fiduciary duties, and in consultation with its independent financial and legal advisors, the Vanda Board of Directors (the "Board") will carefully review and evaluate the indication of interest to determine the course of action that the Board believes is in the best interests of Vanda and its shareholders.

Vanda does not intend to comment further on the indication of interest before the Board has completed its review.

There is no action for shareholders to take at this time.

https://www.prnewswire.com/news-releases/vanda-pharmaceuticals-confirms-receipt-of-unsolicited-non-binding-indication-of-interest-from-cycle-group-holdings-ltd-302166196.html