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Verrica Pharmaceuticals Inc
F:1NE

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Verrica Pharmaceuticals Inc Logo
Verrica Pharmaceuticals Inc
F:1NE
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Price: 3.5 EUR -2.78% Market Closed
Market Cap: €148.5m

Verrica Pharmaceuticals Inc
Investor Relations

Verrica Pharmaceuticals makes prescription treatments for skin diseases, with a focus on office-based dermatology care. Its main product is YCANTH, a cantharidin-based drug that doctors apply to treat molluscum contagiosum, a contagious skin condition. The company’s work is centered on turning a simple skin-directed therapy into a regulated drug that clinicians can use in the office. Verrica sells its product to healthcare providers and health systems, and the patients are the people being treated for skin lesions. The company makes money mainly by selling its approved dermatology product and, when relevant, by licensing or developing follow-on uses for its skin-treatment technology. Because the treatment is applied by medical professionals rather than taken at home, the company sits in a niche part of the dermatology market that depends on physician adoption and prescription access. What makes Verrica different is its narrow focus on dermatologist-administered therapies for specific skin conditions. Instead of chasing a broad drug portfolio, it concentrates on a single specialty area where a targeted treatment can replace older, less controlled approaches. That makes its business easy to understand: develop and commercialize office-based skin medicines that doctors can prescribe and apply directly.

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Last Earnings Call
Fiscal Period
Q1 2026
Call Date
May 12, 2026
AI Summary
Q1 2026

YCANTH growth: Verrica said demand accelerated in the first quarter, with U.S. YCANTH revenue up 25.4% year over year and dispensed applicator units up 51.3%. Management also said April demand was even stronger than March’s record level.

Pipeline progress: The company said its common warts Phase III program is advancing, with more than 50% enrollment reached in the first trial and a second trial still targeted for mid-2026. VP-315 for basal cell carcinoma is also moving toward Phase III planning.

Cash runway: Verrica ended the quarter with $20.6 million in cash and said that is expected to fund operations into the first quarter of 2027.

Commercial execution: Management pointed to YCANTH Rx, co-pay support, and a sales force optimization review as key tools to broaden access and drive adoption, especially as spring and summer seasonality may help demand.

Europe and Japan: YCANTH launched in Japan through partner Torii in February, and Verrica said it is progressing toward a European filing with no further Phase III studies required for EU approval.

Key Financials
Total revenue
$5 million
U.S. YCANTH revenue
$4.3 million
Dispensed applicator units
15,302
Gross product margin
87.3%
Cost of product revenue
$0.5 million
Research and development expense
$3.9 million
Selling, general and administrative expense
$10 million
Net loss
$9.7 million
Net loss per share
$0.45
Non-GAAP net loss
$8.8 million
Non-GAAP net loss per share
$0.41
Cash
$20.6 million
Common warts enrollment
More than 50%
YCANTH U.S. market coverage
About 85% of the TAM
Commercial field force
About 50 representatives
VP-315 Phase II objective response rate
97%
VP-315 Phase II overall tumor size reduction
86%
Japan launch timing
February 2026
Earnings Call Recording
Other Earnings Calls

Management

Mr. Christopher G. Hayes
Chief Legal Officer, Secretary, Chief Compliance Officer & General Counsel
No Bio Available
Dr. Jayson M. Rieger M.B.A., Ph.D.
President, CEO & Director
No Bio Available
Mr. John J. Kirby CPA
Interim CFO
No Bio Available
Dr. Gary Goldenberg M.D.
Chief Medical Officer
No Bio Available
Mr. Eugene Scavola
Executive Vice President of Technical Operations
No Bio Available
Dr. Bradley J. Catalone MBA, Ph.D.
Head of Drug Development
No Bio Available

Contacts

Address
PENNSYLVANIA
West Chester
10 N High St Ste 200
Contacts
+14844533300.0
www.verrica.com
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