Name | Value |
---|---|
Revenues | 36.7M |
Cost of Revenue | 2.0M |
Gross Profit | 34.6M |
Operating Expense | 53.0M |
Operating I/L | -18.3M |
Other Income/Expense | -7.2M |
Interest Income | 4.0M |
Pretax | -25.6M |
Income Tax Expense | 8.3M |
Net Income/Loss | -33.8M |
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.