Verrica Pharmaceuticals Inc
NASDAQ:VRCA
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Verrica Pharmaceuticals Inc
Verrica Pharmaceuticals, Inc. engages in identifying, developing, and commercializing pharmaceutical products for the treatment of skin diseases. The company is headquartered in West Chester, Pennsylvania and currently employs 38 full-time employees. The company went IPO on 2018-06-15. The firm is focused on developing and commercializing treatments for skin diseases. The firm's lead product candidate, VP-102, is a drug-device combination of its topical solution of cantharidin, a widely recognized, naturally sourced agent to treat topical dermatological conditions, administered through its single-use precision applicator. The company is developing VP-102 for the treatment of molluscum contagiosum (molluscum), a highly contagious and primarily pediatric viral skin disease, external genital warts and common warts. The company also intends to develop its second cantharidin-based product candidate, VP-103, for the treatment of plantar warts, which are warts located on the bottom of the foot. The company also intends to develop its third product candidate, LTX-315, for the treatment of dermatological oncology indications, including non-metastatic melanoma and non-metastatic Merkel cell carcinoma.
Verrica Pharmaceuticals, Inc. engages in identifying, developing, and commercializing pharmaceutical products for the treatment of skin diseases. The company is headquartered in West Chester, Pennsylvania and currently employs 38 full-time employees. The company went IPO on 2018-06-15. The firm is focused on developing and commercializing treatments for skin diseases. The firm's lead product candidate, VP-102, is a drug-device combination of its topical solution of cantharidin, a widely recognized, naturally sourced agent to treat topical dermatological conditions, administered through its single-use precision applicator. The company is developing VP-102 for the treatment of molluscum contagiosum (molluscum), a highly contagious and primarily pediatric viral skin disease, external genital warts and common warts. The company also intends to develop its second cantharidin-based product candidate, VP-103, for the treatment of plantar warts, which are warts located on the bottom of the foot. The company also intends to develop its third product candidate, LTX-315, for the treatment of dermatological oncology indications, including non-metastatic melanoma and non-metastatic Merkel cell carcinoma.
Revenue Surge: Verrica reported Q3 2025 revenue of $14.3 million, a significant turnaround from negative revenue in Q3 2024.
YCANTH Adoption: YCANTH dispensed applicator units grew 120% year-over-year, reflecting expanding demand and successful commercial strategy.
Cost Controls: The company reduced spending by about half over the past year, improving financial efficiency.
EU and Japan Expansion: Positive regulatory developments in Japan and the EU, including approval in Japan and EMA guidance that no further Phase III trials are needed for EU filing.
Pipeline Progress: Phase III for YCANTH in common warts to begin in the US by year-end and VP-315 for basal cell carcinoma advancing with FDA-aligned Phase III design.
Sales Force Growth: Increased sales force to 45 reps, aiming for 50 in 2026 to support broader market reach.
Balance Sheet: Ended the quarter with $21.1 million in cash and cash equivalents, bolstered by $18 million in milestone payments from Torii.
