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Stock impact report

Verona Pharma PLC Reports Fourth Quarter and Full Year 2023 Financial Results [Yahoo! Finance]

Verona Pharma plc - American Depositary Shares (VRNA) 
US:NASDAQ Investor Relations: nasdaq.com/symbol/vrna/real-time
Company Research Source: Yahoo! Finance
R&D Expenses : Decreased to $17.2 million in 2023 from $49.3 million in 2022, reflecting completion of ENHANCE program activities. SG&A Expenses : Rose to $50.4 million in 2023 from $26.6 million in 2022, due to commercial and IT infrastructure build-out. Net Loss : Decreased to $54.4 million in 2023 from $68.7 million in 2022, indicating a reduction in total operating expenses. Debt Financing : Secured a $400 million debt facility to support growth and potential commercialization of ensifentrine. Warning! GuruFocus has detected 5 Warning Signs with GSBD. On February 29, 2024, Verona Pharma PLC ( NASDAQ:VRNA ) released its 8-K filing , announcing its financial results for the fourth quarter and full year ended December 31, 2023, and providing a corporate update. The clinical-stage biopharmaceutical company, which focuses on developing therapies for respiratory diseases, is on the cusp of a transformational period with the potential approval and commercial launch of its lead Show less Read more
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