Verona Pharma Plc develops therapeutics for respiratory diseases, focusing on its investigational inhaled drug, ensifentrine, for chronic obstructive pulmonary disease (COPD). Two additional formulations of ensifentrine are in Phase II development.
VRNA has been in the news recently: Merck & Co. Inc. is set to acquire Verona Pharma plc for $107 per American Depository Share (ADS), amounting to approximately $10 billion. This acquisition is part of a larger trend of rising U.S. stocks, as indicated by the increase in the Dow Jones index.
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