Why Is Dermatology-Focused Verrica Pharmaceuticals Stock Trading Lower On Wednesday?
Portfolio Pulse from Vandana Singh
Verrica Pharmaceuticals Inc. (NASDAQ: VRCA) released preliminary results from Part 2 of its Phase 2 trial of VP-315 for basal cell carcinoma. The results showed no dose-limiting toxicities, with 51% of lesions achieving complete histologic clearance. Despite the positive data, VRCA stock fell 24.10% to $4.01.
August 14, 2024 | 1:52 pm
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Verrica Pharmaceuticals released promising preliminary results from Part 2 of its Phase 2 trial for VP-315, showing no dose-limiting toxicities and a 51% complete histologic clearance rate. Despite this, VRCA stock fell 24.10% to $4.01.
The stock price drop of 24.10% suggests that investors may have had higher expectations or concerns about the pending data for three lesions. The positive trial results were not enough to offset these concerns.
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IMPORTANCE 80
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