Verrica Pharmaceuticals Announces First Patient Dosed in Phase 3 Program Evaluating YCANTH® (VP-102) for the Treatment of Common Warts
01/07/2026 08:00 AM • Verrica Pharmaceuticals announced the first patient dosing in a global Phase 3 clinical trial for YCANTH (VP-102) to treat common warts, a condition affecting approximately 22 million patients in the U.S. with no FDA-approved prescription therapies. The Phase 3 program is based on positive Phase 2 COVE-1 results showing 51% complete clearance of warts. Torii will fund approximately 90% of trial costs on a 50/50 cost-sharing basis, with Verrica's portion covered by future milestones and royalties from Japan.
VRCA - Company achieved significant clinical milestone with first patient dosed in Phase 3 trial for common warts, a large unmet medical need affecting 22 million U.S. patients. Positive Phase 2 data (51% complete clearance) supports advancement. Recent $50 million financing and debt repayment strengthen financial position. Partnership with Torii reduces financial burden with 90% cost coverage, positioning the company well for label expansion and commercial growth.
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