Verrica Pharmaceuticals Reports Fourth Quarter and Full-Year 2021 Financial Results
WEST CHESTER, Pa., March 02, 2022 (GLOBE NEWSWIRE) -- Verrica Pharmaceuticals Inc. (Verrica) (Nasdaq: VRCA), a dermatology therapeutics company developing medications for skin diseases requiring medical interventions, today announced financial results for the fourth quarter and year ended December 31, 2021.
- The amendment provides Verrica increased financial flexibility by extending the interest-only payment period and reducing the minimum cash Verrica is required to maintain on its balance sheet.
- Verrica reported a net loss of $9.5 million for the fourth quarter of 2021, compared to a $13.0 million loss for the same period in 2020.
- Research and development expenses were $3.4million in the fourth quarter of 2021, compared to $2.3 million for the same period in 2020.
- General and administrative expenses were $5.1million in the fourth quarter of 2021, compared to $9.8 million for the same period in 2020.