Verona Pharma Stock Price, News & Analysis

Verona Pharma (Nasdaq: VRNA) will report its financial results for the second quarter and the first half of 2021 on August 5, 2021. The company plans to host a conference call at 8:30 a.m. EDT to discuss the results and provide a corporate update. Verona Pharma focuses on developing innovative therapies for respiratory diseases, with its leading candidate, ensifentrine, currently in Phase 3 trials for COPD. Ensifentrine aims to combine bronchodilator and anti-inflammatory properties in a single treatment.

Verona Pharma has partnered with Nuance Pharma to develop and commercialize ensifentrine in Greater China. The agreement includes a $40 million upfront payment ($25 million cash, $15 million in equity) along with potential milestone payments up to $179 million and tiered royalties on net sales. Nuance Pharma will cover all development costs. Ensifentrine targets chronic obstructive pulmonary disease (COPD) and has shown promising results in clinical trials, offering both bronchodilator and anti-inflammatory effects.

Verona Pharma (Nasdaq: VRNA), a clinical-stage biopharmaceutical company, will have its CEO, David Zaccardelli, present an overview at the Jefferies Virtual Healthcare Conference on June 1, 2021, at 9:00 AM ET. The event offers a significant platform for discussing the company's progress, particularly its innovative therapy, ensifentrine, aimed at treating respiratory diseases. A webcast of the presentation will be accessible on the company's website for 90 days following the event.

Verona Pharma (Nasdaq: VRNA) announced the acceptance of three abstracts related to ensifentrine at the American Thoracic Society International Conference 2021. These abstracts focus on its efficacy and safety profile in patients with chronic obstructive pulmonary disease (COPD). The Phase 2b studies demonstrate that ensifentrine significantly improves lung function and quality of life, regardless of the severity of COPD. Safety analyses indicate a profile similar to placebo for both gastrointestinal and cardiovascular effects. Ensifentrine is being developed as a dual-action treatment for respiratory diseases.

Verona Pharma (Nasdaq: VRNA) reported its Q1 2021 financial results and provided an update on its Phase 3 ENHANCE clinical program for ensifentrine in COPD. The company continues to expect enrollment completion by H2 2021 and plans to announce top-line data in 2022. Financially, the company's cash position was $169.6 million, down from $188.0 million in Q4 2020. R&D expenses rose to $13.6 million from $7.6 million, and G&A expenses increased to $9.3 million from $6.9 million. The net loss for Q1 2021 was $21.3 million compared to $12.3 million in Q1 2020.

Verona Pharma (Nasdaq: VRNA) announced significant results from a Phase 2b trial of nebulized ensifentrine in patients with symptomatic COPD, published in the International Journal of Chronic Obstructive Pulmonary Disease. The 4-week study of 416 patients showed clinically and statistically significant dose-dependent improvements in lung function and quality of life when ensifentrine was added to tiotropium maintenance therapy. Ensifentrine, a dual inhibitor of PDE3 and PDE4, demonstrated a favorable safety profile, comparable to placebo.

Verona Pharma plc (Nasdaq: VRNA) announced findings from a pilot study on ensifentrine, a treatment for COVID-19. Conducted on 45 hospitalized patients, the study revealed ensifentrine was safe but did not demonstrate clinical efficacy when added to standard care. One patient death occurred in the ensifentrine group. Despite this, recovery rates were reportedly better than expected. Ensifentrine is currently in Phase 3 development for COPD, showing promise in improving lung function and reducing symptoms in earlier studies. The company is focused on respiratory diseases with unmet medical needs.

Verona Pharma (Nasdaq: VRNA) will release its financial results for Q1 2021 on April 29, 2021. A conference call is scheduled for 9:00 a.m. EDT featuring a corporate update. The company is focused on developing ensifentrine, a potential first-in-class therapy for respiratory diseases, currently in a Phase 3 program for COPD. Additional formulations are in Phase 2 trials. The company is also evaluating ensifentrine's use in COVID-19 and other respiratory conditions. Further details can be found on their website.

Verona Pharma plc (Nasdaq: VRNA) has appointed Ms. Lisa Deschamps as a Non-Executive Director effective March 1, 2021. Deschamps, previously Senior Vice President at Novartis Gene Therapies, brings extensive experience in strategic planning and commercialization in biopharmaceuticals. Her 25-year career at Novartis includes leading global franchises and achieving significant revenue targets. The board anticipates her expertise will support the progression of ensifentrine through Phase 3 trials. Verona Pharma focuses on innovative therapies for respiratory diseases, with ensifentrine aiming to combine bronchodilator and anti-inflammatory effects.