On December 6, 2024, Mark Hahn, the Chief Financial Officer of Verona Pharma PLC, executed a significant insider transaction by selling 881,960 shares of the company. Following this transaction, the insider now holds 13,293,736 shares of Verona Pharma PLC.
Verona Pharma PLC (VRNA, Financial) is a clinical-stage biopharmaceutical company focused on developing and commercializing innovative therapies for the treatment of respiratory diseases with significant unmet medical needs. The company's lead product candidate, ensifentrine, is an inhaled dual inhibitor of the enzymes phosphodiesterase 3 and 4, which is being developed for the treatment of chronic obstructive pulmonary disease (COPD) and other respiratory conditions.
The recent transaction by Mark Hahn is part of a broader trend observed in the company's insider trading activities. Over the past year, the insider has sold a total of 2,800,000 shares and has not made any purchases. This activity is consistent with the overall insider transaction history for Verona Pharma PLC, which shows 21 insider sells and 4 insider buys over the same period.
On the day of the transaction, shares of Verona Pharma PLC were trading at $5.01 each, resulting in a market cap of $3.314 billion. Investors may consider various valuation metrics such as the GF Value, price-earnings ratio, price-sales ratio, price-book ratio, and price-to-free cash flow to assess the stock's valuation.
For more details on this transaction, refer to the SEC Filing.
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