FDA Approves Verrica Pharma's Ycanth: First Treatment Of Molluscum Contagiosum Impacting 6M People In US
Portfolio Pulse from Vandana Singh
The FDA has approved Verrica Pharmaceuticals' Ycanth, a topical solution for molluscum contagiosum, a skin disease impacting 6 million people in the US. The drug is expected to be available by September 2023. Despite the approval, Verrica's shares fell by 20.60% in premarket trading.
July 24, 2023 | 12:19 pm
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Despite FDA approval for its new drug, Verrica's shares fell by 20.60% in premarket trading.
The FDA approval of Verrica's new drug is a significant event for the company. However, the stock price fell in premarket trading, indicating that the market may have had different expectations. The drop could be due to various factors, including pricing concerns or market conditions.
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