Cycle Pharma maintains takeover offer for Vanda Pharmaceuticals

Cycle Pharma maintains takeover offer for Vanda Pharmaceuticals

Source: 
Reuters
snippet: 

 UK-based Cycle Pharmaceuticals on Monday reaffirmed its offer to buy Vanda Pharmaceuticals (VNDA.O) in a deal that values the US drugmaker at $488 million, despite a regulatory setback for its stomach condition drug in September.