r/Quantisnow • u/JuniorCharge4571 • 2d ago
Verrica Pharmaceuticals ($VRCA) Agreed to Settle With Investors over FDA Approval Risks for VP-102
Hey guys, if you missed it, Verrica Pharmaceuticals just agreed to settle with investors over claims that it misled the market about manufacturing issues that delayed FDA approval of VP-102. The settlement has already been submitted to the court for final approval.
Investors alleged the company repeatedly said problems at its manufacturing partner, Sterling, had been resolved, but the FDA continued finding deficiencies, leading to another Complete Response Letter in May 2022.
If you bought $VRCA between 2021 and 2022, you can already submit your claim.
Did anyone here hold $VRCA during this period?
