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Vanda Pharmaceuticals

Vanda Pharmaceuticals

Biopharmaceutical Company

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New antipsychotic approvals expand treatment options for schizophrenia and bipolar disorder

New Capabilities

Preparing commercial launch of Bysanti in H2 2026; raised full-year 2026 revenue guidance to $240–$290 million

The FDA approved Cobenfy for schizophrenia in September 2024β€”the first drug to treat the condition through muscarinic receptors rather than dopamine, a different approach than any approved in the previous 50 years. Bysanti (milsaperidone) followed in February 2026, cleared for both schizophrenia and bipolar I disorder. For the roughly 7 million Americans with these conditions, the treatment menu is wider than it was two years ago.

Updated May 29