Vanda rejects Future Pak and Cycle Pharma's takeover offers

Vanda rejects Future Pak and Cycle Pharma's takeover offers

Photo by Vladimir Solomianyi on Unsplash.

Vanda Pharmaceuticals said on Wednesday that it has rejected takeover offers from UK-based Cycle Pharmaceutical and a revised bid from contract manufacturer Future Pak, adding that both offers undervalue the U.S. drugmaker.