H.C. Wainwright downgraded Verrica Pharmaceuticals (VRCA) to Neutral from Buy without a price target The firm cites “serious uncertainty” around Verrica’s capitalization and runway, Ycanth trajectory, and VP-315 next steps for the downgrade. It sees “real value” in Ycanth and VP-315, but is now Neutral pending further clarity.
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Read More on VRCA:
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