Below are the financial statements of Verona Pharma, including the income statement and balance sheet for the company's latest fiscal year. All figures are accurate, verifiable, and fully traceable to the original annual filing where disclosed.
| All figures in millions of USD | 2024 | 2023 | 2022 |
|---|---|---|---|
| Revenue | — | — | — |
| Product sales, net | 42.26a | 0a | 0a |
| Other revenue | 0.02a | 0a | 0.46a |
| Total revenue, net | 42.28a | 0a | 0.46a |
| Operating expenses | — | — | — |
| Cost of sales | -2.58a | 0a | -0.35a |
| Research and development | -44.57a | -17.22a | -49.28a |
| Selling, general and administrative | -149.75a | -50.35a | -26.58a |
| Total operating expenses | -196.91a | -67.57a | -76.21a |
| Operating loss | -154.63a | -67.57a | -75.75a |
| Other income/(expense) | — | — | — |
| Research and development tax credit | 3.6a | 1.1a | 9.63a |
| Loss on extinguishment of debt | -3.65a | 0a | -0.82a |
| Interest income | 15.26a | 12.76a | 2.82a |
| Interest expense | -23.54a | -2.06a | -0.52a |
| Foreign exchange (loss)/gain | -0.17a | 1.87a | -3.82a |
| Total other (expense)/income, net | -8.5a | 13.67a | 7.3a |
| Loss before income taxes | -163.13a | -53.9a | -68.45a |
| Income tax expense | -10.29a | -0.47a | -0.25a |
| Net loss | -173.42a | -54.37a | -68.7a |
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