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Verona Pharma: A Few Points From The Bull And Bear Case [Seeking Alpha]

Verona Pharma plc - American Depositary Shares (VRNA) 
US:NASDAQ Investor Relations: nasdaq.com/symbol/vrna/real-time
Company Research Source: Seeking Alpha
VRNA had $257M in cash at the end of Q3'23, and a debt facility worth up to $400M was set up in early 2024. While VRNA has the funding to go it alone in the launch of the ensifentrine, a buyout is still a possibility. Verona Pharma plc ( NASDAQ: VRNA ) has submitted a marketing application to the US FDA for its drug ensifentrine, for the maintenance treatment of chronic obstructive pulmonary disease (COPD). This article takes a look at some of the bull and bear case points for VRNA. The Phase 3 studies Ensifentrine, an inhibitor of phosphodiesterase 3&4, produces both an anti-inflammatory effect and bronchodilation. Ensifentrine demonstrated its potential in COPD across several studies, notably the phase 3 ENHANCE studies. In ENHANCE-1 (n = 763 patients), treatment with ensifentrine significantly improved lung function relative to placebo, as measured by forced expiratory volume in one second (FEV1). With regards to moderate to severe COPD exacerbations over 24 weeks, ensifen Show less Read more
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