CHMP rejects Fanaptum (Vanda Pharma)for treatment of Schizophrenia

Vanda Pharmaceuticals Inc. has announced that the European Medicines Agency's Committee for Medicinal Product for Human Use (CHMP) has issued a negative opinion recommending against approval of Fanaptum (oral iloperidone tablets) for the treatment of Schizophrenia in adult patients in the European Union. The CHMP was of the opinion that the benefits of Fanaptum did not outweigh its risks and recommended against marketing authorization at this point in time. Vanda intends to appeal this opinion and request a re-examination of the decision by the CHMP. The drug is approved in the USA but a long acting version has been discontinued.