VERUNasdaqPharmaceutical PreparationsUS GAAP · USD

Veru Inc

Veru Inc. is a U.S.-based biopharmaceutical company focused on developing novel medicines for cardiometabolic and inflammatory diseases. Its pipeline centers on enobosarm, an oral selective androgen receptor modulator, and sabizabulin, an oral microtubule disruptor, with development activities directed from the United States.

Liikevoitto (EBIT)−24,8milj. USD
+31,6 %v/v
Nettotulos−22,7milj. USD
+39,9 %v/v
Vapaa kassavirta−30,0milj. USD
−37,6 %v/v

Tilikausi 2025 · muutos edellisvuodesta

Kehitys 2020–2025

−100−50050100milj. USD2020: 43 milj. USD2020: EBIT −15 milj. USD20202021: 61 milj. USD2021: EBIT 13 milj. USD20212022: 39 milj. USD2022: EBIT −83 milj. USD20222023: 16 milj. USD2023: EBIT −94 milj. USD20232024: 17 milj. USD2024: EBIT −36 milj. USD20242025: EBIT −25 milj. USD2025−25
LiikevaihtoLiikevoitto (EBIT)

Liiketoiminta

Osuus liikevaihdosta
Enobosarm obesity program50 %

Development of enobosarm as an oral SARM to preserve muscle and bone while reducing fat in obesity treatment.

Sabizabulin atherosclerosis inflammation program50 %

Development of sabizabulin for inflammation-driven cardiovascular risk reduction in stable coronary artery disease.

Asiakkaat

Veru does not sell a broad commercial product portfolio today; its primary counterparties are clinical investigators, research sites, regulators, and future healthcare buyers for approved medicines. If its candidates reach market, the end customers would be physicians, hospitals, and patients in obesity and cardiovascular disease settings.

Clinical trial ecosystem

Research sites, investigators, and CRO-like partners that support development of enobosarm and sabizabulin.

Regulatory authorities

FDA and other agencies that evaluate clinical and safety data before any commercialization.

Physicians and specialty clinics

Potential prescribers for obesity and cardiovascular indications if the drug candidates are approved.

Patients with obesity or coronary disease

End users of the therapies, especially patients needing weight-loss support with lean-mass preservation or inflammation reduction.

Strategia

Veru’s strategy is to advance a small number of late-stage drug candidates with differentiated mechanisms in large cardiometabolic markets. The company is prioritizing clinical execution, regulatory progress, and eventual commercialization planning around enobosarm and sabizabulin.

Advance enobosarm clinical developmentLyhyt aikaväli

Enobosarm is the company’s most visible obesity-related asset and targets a large unmet need.

Develop sabizabulin for inflammatory cardiovascular diseaseKeskipitkä aikaväli

Sabizabulin provides a second late-stage program and broadens the pipeline beyond obesity.

Maintain optionality for commercializationKeskipitkä aikaväli

Any approved asset would require launch readiness, market access, and physician adoption.

Maantiede

Q2/2024

Veru is headquartered in the United States and conducts its development work from there. Its drug candidates are intended for global pharmaceutical markets, with competition and regulatory pathways spanning North America, Europe, and other regions.

Other countries (US filing)39 %
MZ33 %
USA28 %

Osuus liikevaihdosta, jonka yhtiö raportoi maantieteellisesti.

Riskit

Veru faces the typical risks of a late-stage biopharmaceutical developer: clinical failure, regulatory delay, and commercialization uncertainty. It also competes against much larger pharmaceutical companies in obesity and cardiovascular disease, while needing external capital to fund development and operations.

Järjestetty vakavuuden mukaan
MatalaKohtalainenKorkeaMatalaKohtalainenKorkeaVaikutus →Todennäköisyys →No current commercial revenue base1Clinical development risk2Financing and dilution risk3Competitive pressure in obesity and cardiometabolic markets4Intellectual property enforcement risk5
Vaikutus on riskin vakavuus ja todennäköisyys sen toteutumisen todennäköisyys lähivuosina, molemmat arvioitu yhtiön raporttien perusteella. Numerot vastaavat listaa.
  1. No current commercial revenue baseVaikutus: KriittinenTodennäköisyys: Korkea

    After the FC2 business sale, the company depends on future approvals to generate product revenue.

    Kohdistuu: Entire business model

  2. Clinical development riskVaikutus: KorkeaTodennäköisyys: Korkea

    Enobosarm and sabizabulin are still in development and may not demonstrate sufficient benefit-risk profiles.

    Kohdistuu: Pipeline assets

  3. Financing and dilution riskVaikutus: KorkeaTodennäköisyys: Korkea

    Development spending exceeds internal cash generation, so the company may need equity or debt financing.

    Kohdistuu: Corporate funding

  4. Competitive pressure in obesity and cardiometabolic marketsVaikutus: KorkeaTodennäköisyys: Kohtalainen

    Major pharmaceutical companies and biotech firms have greater R&D, regulatory, and commercial resources.

    Kohdistuu: Enobosarm and sabizabulin programs

  5. Intellectual property enforcement riskVaikutus: KeskitasoTodennäköisyys: Matala

    Protecting enobosarm-related IP may require litigation that is expensive and uncertain.

    Kohdistuu: Patent estate

Kirjanpito

Harkinnanvaraiset erät
Research and development expense recognition

Clinical trial costs are a major operating expense and drive period-to-period volatility.

Vaikutus: Affects operating loss and comparability across quarters

Fair value measurement

The company has reported changes in fair value of equity securities and derivative liabilities.

Vaikutus: Can create non-cash gains or losses in earnings

Goodwill impairment

Goodwill remains on the balance sheet and is tested against reporting-unit fair value.

Vaikutus: Could lead to material non-cash impairment charges

Discontinued operations and asset sale accounting

The FC2 business sale and ENTADFI asset sale affect how results are presented.

Vaikutus: Can separate legacy business results from continuing operations

Julkisesti listattuja yhtiöitä, joilla on samankaltainen liiketoiminta.

Päivitetty: 24.9.2026

Veru Inc (Nasdaq) – Pharmaceutical Preparations | Analyysi – Clarifo