Welcome to our dedicated page for Verrica Pharmaceuticals news (Ticker: VRCA), a resource for investors and traders seeking the latest updates and insights on Verrica Pharmaceuticals stock.
Verrica Pharmaceuticals Inc. (Nasdaq: VRCA) is a dermatology therapeutics company whose news flow centers on clinical milestones, regulatory developments, commercial progress and financing activities related to its skin disease portfolio. The company’s updates frequently highlight YCANTH® (VP-102), a cantharidin-based, healthcare professional-administered treatment approved by the FDA for molluscum contagiosum, and its expansion into new indications and geographies.
Investors following VRCA news can expect regular announcements on YCANTH’s commercial performance in the United States, including dispensed applicator trends and net product revenue, as well as collaboration and milestone revenue from Torii Pharmaceutical Co. Ltd. in Japan. News items also cover regulatory interactions, such as positive feedback from the European Medicines Agency’s Committee for Medicinal Products for Human Use supporting a Marketing Authorization Application for YCANTH in the European Union, and approval of TO-208 (YCANTH) for molluscum contagiosum in Japan.
Another major theme in Verrica’s news is pipeline progress. The company reports data from clinical trials of YCANTH in common warts, including Phase 2 results and the initiation of a global Phase 3 program, and provides detailed updates on VP-315, its oncolytic peptide immunotherapy for non-melanoma skin cancers such as basal cell carcinoma. Presentations at scientific meetings, exploratory immunologic analyses and alignment with the U.S. Food and Drug Administration on Phase 3 study designs are common subjects of these releases.
VRCA news also includes corporate and capital markets developments, such as private placement financings, reverse stock split actions, Nasdaq listing compliance updates and conference presentations at investor events. For readers interested in dermatology therapeutics, viral skin infections and non-melanoma skin cancer programs, the Verrica news page offers a consolidated view of the company’s clinical, regulatory, commercial and financial disclosures over time.
Verrica Pharmaceuticals (VRCA) announced that CEO Ted White will present a business overview at the H.C. Wainwright 22nd Annual Global Investment Conference on September 15, 2020, at 2:00 p.m. ET. The conference will be held virtually, and attendees can access the live webcast on Verrica's website. The company is developing VP-102, a potential first-in-class therapy for molluscum contagiosum, for which an NDA was submitted in September 2019. A Complete Response Letter from the FDA was received on July 13, 2020, regarding this NDA.
Verrica Pharmaceuticals (NASDAQ: VRCA) has secured an exclusive worldwide license from Lytix Biopharma for the development of LTX-315, targeting dermatologic oncology, particularly basal and squamous cell carcinomas. This oncolytic peptide shows promise in inducing immunogenic cell death in tumors. The deal could yield up to $113.5 million and tiered royalties. Clinical advancements aim for an IND submission in 2021. Verrica expects its financial position to support these activities through Q4 2021, reinforcing its commitment to innovative dermatologic treatments.
Verrica Pharmaceuticals (Nasdaq: VRCA) reported a net loss of $9.4 million for Q2 2020, up from $7.0 million in Q2 2019. The company aims to resubmit the NDA for VP-102 after receiving a Complete Response Letter from the FDA, which raised questions about the Chemistry, Manufacturing, and Controls process but noted no clinical safety or efficacy issues. Verrica plans a Type A meeting with the FDA in Q3 2020. The company also entered an Option Agreement with Torii Pharmaceutical for VP-102 in Japan, allowing for potential milestone payments totaling $69.5 million.
Verrica Pharmaceuticals (Nasdaq: VRCA) has announced Dr. Lawrence Eichenfield's appointment to its Board of Directors, effective August 1, 2020. He replaces Dr. Gary Goldenberg, who becomes Chief Medical Officer. Dr. Eichenfield, a leader in pediatric dermatology, is expected to significantly influence the development of VP-102, a treatment for molluscum contagiosum. The company has faced challenges with the FDA, receiving a Complete Response Letter for VP-102 on July 13, 2020, but remains optimistic about its product pipeline.
Verrica Pharmaceuticals (Nasdaq: VRCA) appointed Dr. Gary Goldenberg as Chief Medical Officer and Dr. Brad Catalone as Head of Drug Development, effective August 1, 2020. This leadership transition follows the resignation of Patrick Burnett, MD, who is pursuing other opportunities. Dr. Goldenberg's dermatology expertise will enhance clinical strategies while Dr. Catalone's background in CMC and regulatory affairs aims to support vital drug development efforts. These appointments are seen as pivotal for advancing Verrica's product pipeline, especially the NDA for VP-102, a treatment for molluscum contagiosum, submitted in September 2019.
Verrica Pharmaceuticals (Nasdaq: VRCA) announced on June 24, 2020, that it received a letter from the FDA highlighting deficiencies in its New Drug Application (NDA) for VP-102, a topical solution for molluscum contagiosum. While the FDA did not detail specific concerns, the company noted that requests focused on CMC aspects were hindered by COVID-19. Verrica aims to collaborate with the FDA to address these issues promptly. Despite the setbacks, positive results from two Phase 3 trials affirm the treatment's potential for FDA approval by the July 13, 2020 PDUFA date.
Verrica Pharmaceuticals presented new data from the Phase 3 CAMP trials for VP-102, its treatment for molluscum contagiosum. A pre-specified exploratory analysis showed statistically significant complete lesion clearance for all lesion count quartiles compared to vehicle (p<0.05). A post-hoc analysis indicated any patient meeting the protocol's baseline criteria could achieve complete clearance after up to four treatments. The findings were showcased at the American Academy of Dermatology 2020 Annual Meeting, enhancing VP-102's potential as a safe and effective option regardless of lesion count.
Verrica Pharmaceuticals Inc. (Nasdaq: VRCA) announced the appointment of Diem Nguyen, Ph.D., M.B.A., to its Board of Directors. Dr. Nguyen, a veteran in the biopharmaceutical industry, will enhance the company’s commercial strategy, particularly for its treatment VP-102, aimed at molluscum contagiosum. The FDA is set to decide on the drug's approval by July 13, 2020, which could significantly impact the company’s market position. Dr. Nguyen’s extensive experience at PPD and Pfizer positions her to help advance Verrica's portfolio of dermatology treatments.
Verrica Pharmaceuticals Inc. (Nasdaq: VRCA) announced that President and CEO Ted White will present at the Jefferies 2020 Healthcare Conference on June 2, 2020, from 3:30 PM to 3:55 PM ET. The presentation will focus on the company's dermatology therapeutics, particularly their late-stage candidate VP-102, aimed at treating viral skin diseases like molluscum contagiosum and common warts. The NDA for VP-102 was accepted by the FDA in November 2019, with a PDUFA goal date set for July 13, 2020. A webcast of the presentation will be available on their Investors page.
Verrica Pharmaceuticals (Nasdaq: VRCA) announced that CEO Ted White will present at two virtual healthcare conferences: the Bank of America Merrill Lynch Global Healthcare Conference on May 12, 2020, from 4:20 PM to 4:50 PM ET, and the RBC Capital Markets Global Healthcare Conference on May 19, 2020, from 4:50 PM to 5:15 PM ET. The presentations will be accessible via live webcasts on the company’s Investors page. Currently, Verrica is developing VP-102, a potential therapy for viral skin diseases, with an FDA decision slated for July 13, 2020.