– Common warts affects approximately 22 million patients in the United States alone, and there are no FDA approved prescription therapies for what is believed to be a multibillion-dollar market opportunity– – Verrica has global rights to YCANTH for all indications in all territories outside of Japan – WEST CHESTER, Pa., Jan. 07, 2026 (GLOBE NEWSWIRE) -- Verrica Pharmaceuticals Inc. (“Verrica”) (Nasdaq: VRCA), a dermatology therapeutics company developing and selling medications for skin diseases requiring m ...

Core Insights - Approval of YCANTH® in Japan addresses a significant unmet need for patients with molluscum contagiosum, triggering a $10 million cash milestone payment to Verrica [1][2] - Verrica retains global rights to YCANTH for all indications outside of Japan, indicating strong market potential for the product [1][2] - The company is optimistic about future approvals for YCANTH globally and is preparing for a Phase 3 program for treating common warts [2] Company Overview - Verrica Pharmaceuticals Inc. is focused on developing medications for skin diseases requiring medical interventions, with YCANTH being the first FDA-approved treatment for molluscum contagiosum [4][5] - The company has a partnership with Torii Pharmaceutical Co. Ltd., which has recently received regulatory approval for YCANTH in Japan [2][4] - YCANTH is a proprietary drug-device combination product that allows for precise topical dosing, targeting a common skin disease affecting approximately six million people in the U.S. [3][4] Financial Implications - The approval of YCANTH in Japan will provide Verrica with a one-time $10 million milestone payment, enhancing its financial position and supporting U.S. commercial activities [2] - Approximately 225 million lives are eligible for YCANTH coverage, with commercially insured patients paying only $25 per treatment visit [3] Clinical Development - The approval was based on positive results from a Phase 3 trial in Japan, which demonstrated the efficacy and safety of TO-208 compared to placebo [2] - The company is also working on expanding the use of YCANTH for treating common warts, with a Phase 3 program expected to begin by the end of 2025 [2]

Core Insights - Verrica Pharmaceuticals reported a sequential quarterly growth of 32.8% in Q2 2025, with 13,434 YCANTH dispensed applicator units, indicating strong demand for the product [1][2] - The company received an $8 million milestone payment from Torii Pharmaceutical for the initiation of a global Phase 3 program for common warts [1][2] Company Performance - The growth in dispensed applicator units reflects the effectiveness of Verrica's focused commercial strategy, leading to increased prescriptions from dermatology and pediatric practices [2] - The company attributes its growth to a robust patient access strategy, strong reimbursement, and an extensive distribution network [2] Product Information - YCANTH (VP-102) is the first FDA-approved treatment for molluscum contagiosum, a contagious skin disease affecting approximately six million people in the U.S., primarily children [3][4] - The product is delivered via a single-use applicator, allowing for precise dosing and targeted administration [3] Financial Developments - The company has amended its Credit Agreement with OrbiMed and has a collaboration agreement with Torii Pharmaceutical, which includes potential additional milestone payments [2] - Approximately 225 million lives are eligible for YCANTH coverage, with commercially insured patients paying only $25 per treatment visit [3] Future Outlook - Verrica is looking forward to updates on its development strategy for VP-315, aimed at treating basal cell carcinoma [2][4]