Hardman update: "VRP is developing first-in-class drugs to treat unmet medical needs in respiratory disease. Over the last two years’ VRP has reported positive outcomes from a five stage Phase I/IIa programme which has de-risked RPL554 significantly. This drug has been shown to have strong bronchodilatory and anti-inflammatory effects with minimal side effects. New funds will support a broad programme of Phase II trials for maintenance therapy via a nebulizer and hospital use. It will certainly attract the attention of the drug majors." taken from research tree
"Verona Pharma is at an exciting stage of its development with a new proprietary suspension formulation of its first-in-class RPL554. The proposed £44.7m equity capital raise announced Friday, supported by group of US and EU healthcare focused funds, enables the group to progress its development of RPL554 through to a Phase III ready stage. If development goes according to plan, RPL554 could be in a position to commence Phase III trials by the end of 2018." N+1 Singer's note out this morning on Research Tree
share never go up in straight lines, take the dip as an opportunity to buy. this stock will be 5p year end.
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