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Last 4.10 GBp
Change Today -0.125 / -2.96%
Volume 1.9M
As of 11:30 AM 10/8/15 All times are local (Market data is delayed by at least 15 minutes).

verona pharma plc (VRP) Snapshot

4.22 GBp
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4.22 GBp
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4.22 GBp
Day Low
3.88 GBp
52 Week High
06/12/15 - 6.88 GBp
52 Week Low
10/31/14 - 1.05 GBp
Market Cap
Average Volume 10 Days
-0.0050 GBp
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Dividend Yield
Current Stock Chart for VERONA PHARMA PLC (VRP)

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verona pharma plc (VRP) Details

Verona Pharma plc, a clinical stage biopharmaceutical company, engages in the research, discovery, and development of therapeutic drugs for the treatment of acute and chronic respiratory diseases in the United Kingdom and North America. The company’s lead product is RPL554, an inhaled dual phosphodiesterase 3 and 4 inhibitor that has completed Phase I and II clinical trials used for the treatment of chronic obstructive pulmonary disease and asthma, as well as in pre-clinical testing for the treatment of cystic fibrosis. It is also developing novel anti-inflammatory polysaccharides (NAIPs) that are in basic research phase to treat various respiratory and inflammatory diseases. The company is based in London, United Kingdom.

11 Employees
Last Reported Date: 05/13/15

verona pharma plc (VRP) Top Compensated Officers

Chief Executive Officer and Executive Directo...
Total Annual Compensation: 261.7K GBP
Chief Financial Officer and Executive Directo...
Total Annual Compensation: 47.5K GBP
Compensation as of Fiscal Year 2014.

verona pharma plc (VRP) Key Developments

Verona Pharma plc Announces Positive Headline Data from RPL554 Study

Verona Pharma plc announced encouraging positive headline data of the third and final part (part C) of a randomized, double blind, placebo controlled Single Ascending Dose (SAD) /Multiple Ascending Dose (MAD) clinical study in stable chronic obstructive pulmonary disease (COPD) patients. This study uses a new proprietary and commercially scalable nebulised suspension formulation of the Company's lead pipeline drug, RPL554.1,2 The primary objective of this part of the study was to show the safety and tolerability of the new drug formulation in stable COPD patients with moderate severity of disease. Measurement of lung function using FEV14 was included. Evaluation of the full data set is ongoing and will be presented in an appropriate scientific, peer-reviewed forum at a later date. In the third part of the trial, nebulised RPL554, a novel dual PDE3/PDE4 inhibitor, was administered twice daily using a new proprietary, commercially scalable, suspension formulation to stable COPD patients with moderate disease severity for up to five-and-a-half consecutive days at doses significantly in excess of the previously used active dose. Patients withheld their regular bronchodilator therapy for the duration of the treatment phase of the study. The study met its primary objective and all doses of RPL554 were found to be well tolerated. As with earlier parts of the trial, which were conducted in healthy volunteers, there were no reports of serious adverse events and the adverse event profile was similar to that seen with placebo. In particular, there was an absence of gastro-intestinal or cardiovascular adverse events. Lung function, as measured by peak FEV1, was increased in all dose groups and ranged between 199-257ml over placebo suggesting a clinically meaningful bronchodilator effect which will be confirmed in Phase IIb studies. In the high dose there was a small increase in heart rate as might be expected from the pharmacology of the product. The new commercially scalable formulation of RPL554 results in a uniform suspension of RPL554 and was designed to provide improved tolerability, allowing higher doses of RPL554 to be inhaled, yielding an optimized bronchodilator effect than with the previous prototype, solution formulation. Additionally the new formulation offers potential for improvements in convenience and compliance. Data to date supports this profile, suggesting a twice daily dosing regimen and is consistent with a longer residence time of the drug in lung tissue and slower release into the blood than with the original formulation. In addition, the commercial viability of the new formulation is underlined by significantly improved stability compared to the previous formulation.

Verona Pharma plc Reports Unaudited Group Earnings Results for the Six Months Ended June 30, 2015

Verona Pharma plc reported unaudited group earnings results for the six months ended June 30, 2015. For the period, the company reported operating loss of GBP 4,459,521 compared to GBP 1,391,266 a year ago. Loss before taxation was GBP 4,432,352 compared to GBP 1,388,046 a year ago. Total comprehensive loss for the period was GBP 13,688,590 compared to GBP 1,388,046 a year ago. Loss per ordinary basic and diluted Share was 0.37 pence compared to 0.19 pence a year ago. Net cash outflow from operating activities was GBP 3,915,651 compared to GBP 1,469,753 a year ago. Purchase of plant and equipment was GBP 616 compared to GBP 1,507 a year ago. Research and development expenditure, which was expensed as incurred, amounted to GBP 3.37 million for RPL554 and for VRP7000 was GBP 0.11 million compared to GBP 0.57 million in 2014 for RPL554 and GBP 0.30 million in 2014 for VRP700.

Verona Pharma Announces Board Changes

Verona Pharma plc announced Ms. Claire Poll, Executive Director, Mr. Stuart Bottomley and Professor Trevor Jones, both Non-Executive Directors, will be retiring from the Board after having served since 2006. The company also announced the appointment of Ken Cunningham, MD and Anders Ullman, MD, PhD, as Non-Executive Directors to the Board. Both are highly respected industry leaders with invaluable expertise in the field of respiratory drug development.


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