VERADERMICS INC. O.N.

Veradermics, developing an extended‑release pill for hair loss, has reached a $4.9 billion market cap and its stock has risen 252% since its February IPO. Its performance highlights a bumper crop of more than two dozen biotech IPOs this year, the largest class since 2021. Investors are increasingly treating consumer-focused therapies like hair‑loss treatments as commercially viable, fueling strong valuations for some new listings. » More on forbes.com

Veradermics introduced VDPHL01, a once-daily minoxidil tablet with extended drug release that the company says could reduce safety and usage limitations of current options and address a large, underserved market. Target group in the US: about 80 million affected people, including many women who lack an approved oral therapy. Three registration-relevant studies are ongoing; key data for men are expected in the second half of 2024, and for women in the first half of 2027. Management emphasized strong interest from physicians and patients but said clinical data are the critical next steps; no new financial figures were provided. » More on de.investing.com

Veradermics presented data on VDPHL01, an oral extended-release minoxidil tablet, at the Citigroup Biopharma Summit and sees it as a potentially safer option for hereditary hair loss in men and women. Studies in men showed visible effects after two months and an 86% improvement in hair density after six months; the women’s study 306 reached recruitment ahead of schedule. Three pivotal studies will provide key six-month and long-term data expected in the second half of 2026 and the first half of 2027. While Veradermics describes the safety profile as favorable compared with off-label oral minoxidil, no financial figures were disclosed. » More on de.investing.com