Verona Pharma Plc Reports An Operating Loss Of £33.7 Million For The 9M Ended September 30, 2019

  • Nov 05, 2019 GMT
  • Team Kalkine
  • Verona Pharma Plc (VRP) has released an operational update and financial results for the three months and nine months ended September 30, 2019.
  • There was an operating loss reported of £33.7 million for the 9M period, as compared to £18.3 million in the nine months ended September 30, 2019.
  • Net cash used in operating activities for the 9M stood at £24.5 million as compared to £13.1 million in nine months ended September 30, 2018.
  • In the three months ended September 30, 2019, the company reported positive results from the second part of the Phase 2 study of the DPI (Dry Powder Inhaler) formulation of ensifentrine in COPD.
  • On 5th November 2019, at the time of writing, GMT 08:21 AM, VRP shares were trading at GBX 43.60, down by 1.90 points or 4.18 per cent against the previous day closing price.

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