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Verrica Pharmaceuticals Inc.

Company NameVerrica Pharmaceuticals Inc.
Stock SymbolVRCA

On June 29, 2020, Verrica disclosed receipt of a letter from the U.S. Food and Drug Administration ("FDA") regarding the Company's New Drug Application ("NDA") for VP-102 for the treatment of molluscum contagiosum. The letter identified certain deficiencies that preclude discussion of labeling and post-marketing requirements. Moreover, according to the Company, the FDA's information requests have included "a specific request related to a potential safety issue with the applicator that could arise if the instructions for use were not properly followed." 

On this news, the Company's share price fell as much as $3.36, or nearly 24%, during intraday trading on June 30, 2020.

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