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Stock impact report

Caligan picks up a stake in Verona Pharma, seeing an opportunity to generate more value [CNBC]

Verona Pharma plc - American Depositary Shares (VRNA) 
US:NASDAQ Investor Relations: nasdaq.com/symbol/vrna/real-time
Company Research Source: CNBC
of therapies for the treatment of respiratory diseases with unmet medical needs. The company's product candidate is ensifentrine, an inhaled and dual inhibitor of the phosphodiesterase (PDE) 3 and PDE4 enzymes that acts as both a bronchodilator and an anti-inflammatory agent in a single compound. This medication is in Phase 3 clinical trials for the treatment of chronic obstructive pulmonary disease, asthma and cystic fibrosis. The company is developing ensifentrine in three formulations, including nebulizer, dry powder inhaler and pressurized metered-dose inhaler. Verona Pharma was incorporated in 2005 and is headquartered in London. Stock Market Value : ~$3.16B ($38.58 per share) Verona Pharma PLC Last | 11/08/24 EST Activist: Caligan Partners LP Ownership: n/a Average Cost: n/a Activist Commentary: Caligan Partners was founded by former Carlyle Group managing director David Johnson, and it launched its main fund in 2022. It invests in a concentrated portfolio of small Show less Read more
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