Why Verona Pharma Stock Is Vaulting Higher Today

Shares of Verona Pharma (NASDAQ: VRNA) were vaulting 12.8% higher as of 11:52 a.m. EDT on Friday. The nice gain came after the drugmaker provided its second-quarter update before the market opened.

Verona's financial results weren't the main story in its Q2 update. As a clinical-stage biopharmaceutical company, Verona doesn't have any consistent revenue coming in and remains unprofitable.

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Source Fool.com