Name | Value |
---|---|
Revenues | 5.6M |
Cost of Revenue | 0.5M |
Gross Profit | 5.1M |
Operating Expense | 45.7M |
Operating I/L | -40.7M |
Other Income/Expense | -2.0M |
Interest Income | 4.8M |
Pretax | -42.7M |
Income Tax Expense | 0.2M |
Net Income/Loss | -43.0M |
Verona Pharma plc is a clinical stage biopharmaceutical company specializing in the development and commercialization of therapies for respiratory diseases. The company's primary product candidate, ensifentrine, is an inhaled dual inhibitor of the phosphodiesterase (PDE) 3 and PDE4 enzymes, designed to act as both a bronchodilator and an anti-inflammatory agent. Currently in Phase 3 clinical trials, ensifentrine targets chronic obstructive pulmonary disease, asthma, and cystic fibrosis. The company is focused on developing ensifentrine in three formulations, including nebulizer, dry powder inhaler, and pressurized metered-dose inhaler, to address unmet medical needs in the respiratory disease market.