Verona Pharma (VRNA) Receives a Buy from Wedbush

Wedbush analyst Liana Moussatos maintained a Buy rating on Verona Pharma (VRNAResearch Report) today and set a price target of $25.00. The company’s shares closed last Wednesday at $6.60.

According to, Moussatos is a 5-star analyst with an average return of 10.0% and a 47.4% success rate. Moussatos covers the Healthcare sector, focusing on stocks such as Global Blood Therapeutics, Catabasis Pharmaceuticals, and Eiger Biopharmaceuticals.

Verona Pharma has an analyst consensus of Strong Buy, with a price target consensus of $19.67.

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Based on Verona Pharma’s latest earnings release for the quarter ending March 31, the company reported a quarterly GAAP net loss of $9.57 million. In comparison, last year the company had a GAAP net loss of $9.09 million.

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Verona Pharma Plc operates as a clinical-stage biopharmaceutical company, which engages in the development and commercialization of therapeutics for the treatment of respiratory diseases. Its lead product candidate, ensifentrine, has the potential to be the first therapy for the treatment of respiratory diseases that combines bronchodilator and anti-inflammatory activities in one compound. The company was founded by Michael J. A. Walker and Clive P. Page on February 24, 2005 and is headquartered in London, the United Kingdom.