Verona Pharma (VRP) Shares Down 37.5%

Verona Pharma Plc (LON:VRP)’s share price dropped 37.5% during trading on Monday . The stock traded as low as GBX 65 ($0.85) and last traded at GBX 65 ($0.85). Approximately 146,888 shares traded hands during mid-day trading, an increase of 195% from the average daily volume of 49,797 shares. The stock had previously closed at GBX 104 ($1.36).

VRP has been the topic of several research reports. Shore Capital restated a “buy” rating on shares of Verona Pharma in a research note on Wednesday, October 31st. Jefferies Financial Group reiterated a “buy” rating on shares of Verona Pharma in a research note on Friday, January 4th.

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Verona Pharma Company Profile (LON:VRP)

Verona Pharma plc, a clinical stage biopharmaceutical company, develops and commercializes therapeutics to treat respiratory diseases. The company's product candidate is RPL554, an inhaled dual inhibitor of the enzymes phosphodiesterase 3 and 4, which has completed Phase I and IIa clinical trials that acts as a bronchodilator and an anti-inflammatory agent for the treatment of chronic obstructive pulmonary disease and cystic fibrosis.

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