Share Name Share Symbol Market Type Share ISIN Share Description
Verona Pharma LSE:VRP London Ordinary Share GB00BYW2KH80 ORD 5P
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  +0.00p +0.00% 117.50p 115.00p 120.00p 117.50p 117.50p 117.50p 5,778 06:40:20
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Pharmaceuticals & Biotechnology 0.0 -6.0 -0.3 - 60.35

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Date Time Title Posts
30/11/201716:11Verona Pharma: Developing first in class drugs for respiratory diseases924
16/2/201517:30Verona Pharma with Charts & News11,549
24/11/201112:54verona pharma173
19/9/201113:14verona pharma8
15/9/200907:29verona pharma30

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Verona Pharma Daily Update: Verona Pharma is listed in the Pharmaceuticals & Biotechnology sector of the London Stock Exchange with ticker VRP. The last closing price for Verona Pharma was 117.50p.
Verona Pharma has a 4 week average price of 103.50p and a 12 week average price of 103.50p.
The 1 year high share price is 162.50p while the 1 year low share price is currently 103.50p.
There are currently 51,361,064 shares in issue and the average daily traded volume is 13,814 shares. The market capitalisation of Verona Pharma is £60,349,250.20.
haff1: Its a shame the share price doesnt reflect this..
kwizza: Is this a new low for the share price
shakin not stirred: I am waiting to see if Nasdaq listing makes a difference but need to get to £2 new money to break even. Will bale out when that is reached. Unless anything materially changes as to indicating a good news flow. At the moment it is a Jam tomorrow as have been the last few years for me and longer for others. None of us have invested in companys for F.A. but that is the current return at this moment in time. That is the current reality of the share price.
vasilis: Phase 2a COPD trial official start as first patient dosed with expected top-line results in Q4 -
timbo003: The recent share price movement is a bit disappointing, but similar to that of Motif Bio immediately before it had its Nasdaq listing. With US listings for UK listed AIM companies, be careful of what you wish for!
meijiman: The share price has not been too clever of late.......
shakin not stirred: The belief is that the minimum share price on the nasdaq is $2 so that will happen and in my mind we will be fully subscribed and job don e with enough money to take it to commercialisation and GSK or alternatively large paharma like Bayer to buy a huge lump of shares, followed by a partnership deal. 9p equivalent old money this year and 20p eventual. All very good news.
timbo003: I hope the US listing goes somewhat better than it did for Motif Bio (MTFB), which was a disaster as far as the share price was concerned
aimshares: Small pharma targets multi £billion marketBy Michael Crockett01/04/2016It has been quite a while since AimZine cast its net in search of a share with "multi-bagger" potential. But right now there appears to us to be a number of lowly rated microcaps that could one day be big winners. So, over the coming weeks, we will be sharing these opportunities with readers.For today's article we look at a small pharmaceutical company that has recently reported some very encouraging results from drug trials for its lead compound. The Company is targeting a huge multi-billion pound marketplace. But is it all a pipe dream or is the opportunity real? - AimZine reports on some very positive signs.Verona Pharma (AIM: VRP) is a UK-based pharmaceutical Company which is focused on developing its lead compound, RPL554, to treat COPD (Chronic Obstructive Pulmonary Disease), asthma and cystic fibrosis. The Company is listed on AIM and at a share price of 3.5 pence has a market capitalisation on £34 million.Verona Pharma joined AIM in 2006. At that time the Company, originally named Isis Resources, purchased Rhinopharma, a private Canadian company whose assets included RPL554.Clinical Trial SuccessRPL554 is an inhaled drug which acts both as a bronchodilator* and an anti-inflammatory. Verona claim that this dual effect distinguishes it from existing drugs in this field and that this is the first new class of bronchodilator for decades.*Bronchodilators make breathing easier by relaxing the lungs and widening the airways.Currently the most widely used bronchodilator is Salbutamol (widely sold as a blue inhaler under the trade name Ventolin). Salbutamol has been on the market for over 40 years.Verona recently released results of a dose finding study which compared RPL554 with Salbutamol in asthma patients. The study showed that the bronchodilator effect in RPL554 was comparable to a high dose of Salbutamol and that RPL554 had less serious side effects than Ventolin.Verona's initial focus with RPL554 is to develop the drug for acute exacerbations of COPD in a hospital setting - The World Health Organisation has forecast that COPD will become the third largest killer in the world by 2030. It was particularly encouraging that Verona's trial results issued in September 2015 showed improved lung function in COPD patients and that the drug was well tolerated.At the time of the September RNS house broker, N + 1 Singer, described the COPD trial results as "Stellar" and upgraded Verona's "intrinsic value" 7 pence to 9 pence per share with significant upside potential. The broker also commented that successful progression to Phase III trials would lift their valuation to 28 pence per share - illustrating the multi-bagger potential here.A further trial involving COPD patients taking RPL554 in addition to currently used bronchodilators is ongoing and is expected to report in Q2 2016.What Next? - 2016 and beyondFunding is always a key issue for small drug development companies and 2015 was an expensive year for Verona which conducted a number of clinical trials during the year. The Company has indicated that it will report a loss for 2015 of approximately £8.9 million. This expenditure on the clinical trials has somewhat drained the Company's resources and cash balance at 31 December 2015 were £3.5 million, down from £12.0 million a year earlier.Clinical activity in 2016 is expected to be at a lower level. The Company has indicated that its cash resources are sufficient "to progress RPL554 to the start of Phase IIb clinical trials, earmarked to begin around the end of 2016".The big question is how will the Phase IIb trials and further trials be funded. In a recent 2015 Review RNS statement Verona CEO, Jan Anders Karlsson made the following comment:"Having made marked clinical progress with RPL554, we are currently considering all options for further funding of our development programmes. As part of this process, and as previously stated, the Company recognises that the right commercial partner could bring significant value to the development of RPL554 for chronic maintenance treatment in COPD and perhaps asthma. Verona Pharma therefore continues to be involved in business development discussions around the RPL554 programme."The sharesVerona has attracted a number of institutions to its share register including big names Aviva (18%) and Fidelity (7%). The directors and management own only 3% of the shares but there have been a number of purchases by directors recently - see below.Verona's shares have had some quite major ups and downs but are currently trading at the same level as they were three years ago.AimZine CommentSmall pharmaceutical companies always have a mountain to climb to bring a drug to market. Usually the funding of full clinical trials is way beyond their resources and a key deal with a major partner is required. Many fail to gain the support they require and prove to be poor investments - so the risks are high..............but the rewards for success can be considerable.Verona is targeting a huge marketplace with the inhaled bronchodilator market being valued at tens of billions of GB Pounds. If it is successful then its shares could have considerable potential. Will it succeed? There are a number of positive signs which we find encouraging:1. Verona has attracted a very strong board including two key non-executive directors appointed in 2015 in Ken Cunningham (former CEO of Skyepharma) and Dr Anders Ullman who has some very relevant experience in commercialising a COPD treatment.2. The results from the Clinical trials to date have been very encouraging in showing that the drug is effective and well tolerated.3. Many of the drugs currently used for respiratory diseases have been on the market for a long time and could be ripe for replacement. It is interesting to note that Ventolin which was developed over 40 years ago was originally developed by a team led by the late Sir David Jack who is credited with inventing RPL554.4. Although only 3% of the shares are owned by board members we note that there have been numerous purchases by directors over the last 15 months, with no fewer than thirteen "buy" transactions reported over that period.We look forward to further news from Verona. In particular we will be very interested to hear about plans for the next phase of clinical trials particularly if it involves a significant partnership deal.
weeklynews: RightBus? The way the VRP share price is flying, I been soon catching taxis to work. RegardsWeeklynews
Verona Pharma share price data is direct from the London Stock Exchange
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