Here’s What Insiders Are Buying to Wrap Up the Year
As the year wound to a close, the most notable insider buying was focused on biotech stocks, but an oil and gas company CEO also returned to the buy window.
Headquartered in West Chester, PA Fiscal year ends December NASDAQ: VRCA verrica.com
Verrica Pharmaceuticals is a therapeutics company focused on developing and commercializing medications for dermatological diseases, including skin cancers. Its commercial product, YCANTH (VP-102), is a proprietary drug-device combination containing a GMP-controlled formulation of cantharidin delivered via a single-use applicator, and is the first and only healthcare professional-administered treatment approved by the FDA to treat adult and pediatric patients two years of age and older with molluscum contagiosum — a highly contagious viral skin infection affecting approximately six million people in the United States, primarily children. YCANTH is also approved for molluscum contagiosum in Japan through a collaboration with Torii Pharmaceutical. The company is conducting a global Phase 3 clinical program studying YCANTH for the treatment of common warts in the U.S. and Japan, which represents the largest remaining unmet need in medical dermatology. Verrica also holds a worldwide license from Lytix Biopharma ASA for VP-315 (ruxotemitide), a novel oncolytic peptide in development for non-melanoma skin cancers including basal cell carcinoma and squamous cell carcinoma. Approximately 250 million lives are eligible to receive YCANTH covered by insurance in the U.S. Updated
As the year wound to a close, the most notable insider buying was focused on biotech stocks, but an oil and gas company CEO also returned to the buy window.
Warren Buffett's Berkshire Hathaway has again bolstered its stake in Occidental Petroleum, and action at Dollar Tree also highlights recent insider buying.
Verrica Pharmaceuticals is a therapeutics company focused on developing and commercializing medications for dermatological diseases, including skin cancers.
The Wall Street consensus 12-month price target for VRCA is $13.83.