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北京时间·🕒 发布 19:00:00时区推断·⟳ 抓取 19:01:35回填·⚡ 决策 07-15 19:07:05·104.1 天前

Veradermics口服VDPHL01女性脱发二期研究207取得阳性结果并强化2027年关键读出预期

公司一手IR在美股盘前披露女性PHL二期207阳性,TAHC增加约22.7-23.3根/cm²且无治疗相关SAE/心源性AESI,直接降低核心资产VDPHL01风险。

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▲ 赚 +9.24%入场 07-15 盘前首笔 @112.37 → 离场 07-16 常规开盘 @123.12
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日 K 取自复盘打分切片 · 蓝点/蓝虚线 = 纸面入场价 · 灰虚线 = 纸面离场 · 持有期红底 = 赚(价格在入场线上方)、绿底 = 亏
💡 交易逻辑女性PHL二期阳性新鲜披露,限价做多核心管线再定价
怎么买 限价买入 不高于昨收 +4%、仅下一个交易日,不成交作废
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收益状态+9.24% 已平仓
进场成交2026-07-15 · 盘前首笔 · 07-15 19:08 北京 · @112.37 · 成交 2%
离场成交2026-07-16 · 常规开盘 · @123.12
毛收益+9.57%
成本+0.32%
净收益+9.24%
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建仓日2026-07-15 · 进场不早于新闻时刻 + 2 分钟

收益口径 event_time_plus_2min_10min_walk_open_topup_to_next_open_exchange_calendar_fill_model_local_notional_v9 · method_id m8db1cbc8f2d · 截至 2026-10-27 21:32

研究档案

🔎 新鲜度:最早出现 2026-07-15 · 扩散 low · price-in 风险 medium ↗

消息传播链

  1. 2026-07-15 07:00 ET官方确认/否认Veradermics IR一手源原文 ↗
    公司盘前一手披露Study 207女性PHL二期阳性,并宣布08:00 ET召开电话会。
    市场反应:07:02 ET盘前最新价109.89美元,较前收110.90美元跌0.91%。
  2. 2026-07-15 08:00 ET其它Veradermics webcast一手源原文 ↗
    公司安排电话会解读207结果,可能带来管理层对306试验和商业化的进一步表述。

关键理由

  • 公司一手IR在美股盘前披露女性PHL二期207阳性,TAHC增加约22.7-23.3根/cm²且无治疗相关SAE/心源性AESI,直接降低核心资产VDPHL01风险。
  • VDPHL01若获批将面向美国约8000万PHL人群,其中女性约3000万且暂无FDA批准口服治疗;公司当前基本无商业收入,事件价值主要来自核心管线成功概率上修而非当期收入。
  • 同公司4月男性PHL注册性读出先例当日大涨后+1日仍+3.0%,但+3日回落,说明阳性数据有短线弹性但追高窗口较短。

主要风险

  • 207为开放标签二期且女性关键Study 306要到2027年上半年读出,当前事件不是注册成功或获批,业绩增量无法在短期落地。
  • MANE近20日已涨14.68%、13周路径仍处高位,若开盘跳涨过大容易重演生物科技阳性数据见光死。

反向证据

  • 做多前查反向 · 来源 kb_search · 影响 none
    内部KB未命中针对MANE/VDPHL01的近期明确利空或稀释风险记录,但未命中不等于风险不存在。
    检索:MANE Veradermics bearish risk dilution cash runway VDPHL01 trial risk
  • 做多前查反向 · 来源 kb_search · 影响 weakens
    内部KB未命中可量化商业化收入或付费研报覆盖,当前增量主要是临床成功概率上修而非收入确认。
    检索:Veradermics VDPHL01 MANE revenue cash runway Study 207 Study 306 female pattern hair loss

历史先例(按相似度)

  • MANE 2026-04-27 同公司男性PHL 302期2/3阳性,上市后核心资产首次注册性读出,事件日大幅上涨后+1日仍+3.0%、+3日-1.1%、+5日+5.2%。 原文 ↗
    事件后 +1日 +3.0% · +3日 -1.1% · +5日 +5.2%
  • VRDN 2026-03-30 Viridian公布REVEAL-1三期阳性眼病数据,后续+1日+5.6%、+3日+1.7%、+5日-24.7%,显示后续回吐风险。 原文 ↗
    事件后 +1日 +5.6% · +3日 +1.7% · +5日 -24.7%
  • VRDN 2026-05-01 Viridian第二个REVEAL三期阳性结果后+1日+4.8%、+3日+30.6%、+5日+23.8%。 原文 ↗
    事件后 +1日 +4.8% · +3日 +30.6% · +5日 +23.8%
  • TNGX 2026-06-08 Tango早期胰腺癌组合疗法积极数据后+1日+2.0%、+3日-3.6%、+5日+6.4%。 原文 ↗
    事件后 +1日 +2.0% · +3日 -3.6% · +5日 +6.4%
  • GPCR 2025-12-02 Structure口服减重药二期b积极数据后+1日-1.6%、+3日+7.6%、+5日+107.8%,说明正向数据可引发强再定价但波动极高。 原文 ↗
    事件后 +1日 -1.6% · +3日 +7.6% · +5日 +107.8%
  • EQ 2024-06-04 Equillium公布EQ101中重度斑秃Phase 2 PoC阳性,36例开放标签、20%完成者SALT≤20且无SAE;同为脱发/免疫皮肤病中期数据,但披露当日已明显下跌。 原文 ↗
    事件后 +1日 -19.1% · +3日 -24.4% · +5日 -31.4%
  • ACRS 2019-06-17 Aclaris公布ATI-502治疗男性/女性AGA的Phase 2开放标签6个月阳性,下一步拟做更高浓度、可能偏女性的随机二期;同为pattern hair loss中期催化。 原文 ↗
    事件后 +1日 +0.0% · +3日 +2.0% · +5日 -9.0%
  • ANAB 2017-10-10 AnaptysBio公布ANB020治疗中重度特应性皮炎Phase 2a PoC阳性,83%患者Day29达到EASI-50;同为小型美股皮肤免疫中期数据重估。 原文 ↗
    事件后 +1日 -0.7% · +3日 -1.2% · +5日 -7.0%
  • DRMA 2025-03-24 Dermata公布XYNGARI中重度痤疮STAR-1三期阳性,三项共同主要终点显著达成且准备第二个三期;同属小盘皮肤病产品临床正读出。 原文 ↗
    事件后 +1日 +3.9% · +3日 +9.2% · +5日 -16.9%
  • 9939 2022-12-01 Kintor宣布KX-826治疗中国女性AGA二期达到主要终点,0.5% QD组24周TAHC较安慰剂多11.39根/cm2并确定三期推荐剂量;与MANE女性PHL二期最接近的跨市场类比。 原文 ↗
    事件后 +1日 +1.4% · +3日 +5.2% · +5日 +8.1%
  • 9939 2021-09-08 Kintor宣布KX-826治疗中国男性AGA二期达到主要终点,显示良好疗效和安全性;同机制/同品类脱发二期阳性。 原文 ↗
    事件后 +1日 -10.6% · +3日 -7.5% · +5日 +0.3%
  • 9939 2023-05-11 Kintor宣布KX-826治疗美国男性AGA二期成功完成,24周结果较基线具统计和临床意义且安全性良好,准备美国/全球三期。 原文 ↗
    事件后 +1日 -7.7% · +3日 -5.3% · +5日 -11.6%
工具调用 · 历史记录,结果未知(3 种)
  • stock_quote · 结果未知
  • kb_search · 结果未知
  • event_study · 结果未知

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Veradermics’ Oral VDPHL01 Delivers Positive Study ‘207’ Phase 2 Clinical Trial Results in Female Pattern Hair Loss Ahead of Upcoming Phase 2/3 Study ‘306’ Readout

July 15, 2026

PDF Version

VDPHL01, a novel orally-administered extended-release minoxidil formulation, achieved fast onset of hair growth with the majority of study participants reporting improvement in hair coverage as early as Month 2 and consistent treatment effect with approximately 88.9% (once daily) and 90.0% (twice-daily dosing) of patients reporting ‘improved’ or ‘much improved’ outcomes at Month 6

Robust hair growth was observed with a mean increase in non-vellus target area hair count (TAHC) of 22.7 hairs/cm² and 23.3 hairs/cm² at Month 6, in once and twice daily dosing regimens, respectively

VDPHL01 demonstrated a favorable safety and tolerability profile in females that was generally consistent with prior VDPHL01 trials with no treatment-related SAEs and no AESIs of cardiac origin observed

Veradermics anticipates topline results of ‘Study 306’, a Phase 2/3 clinical trial evaluating VDPHL01 in female pattern hair loss, in 1H 2027

Conference call and webcast scheduled for 8:00 a.m. ET today

NEW HAVEN, Conn. --(BUSINESS WIRE)--Jul. 15, 2026--
Veradermics, Incorporated (NYSE: MANE), a dermatologist-founded, late-stage biopharmaceutical company focused on developing innovative therapeutics for pattern hair loss, today announced positive topline results from its open-label Phase 2 clinical trial (Study ‘207’) evaluating VDPHL01, a proprietary extended-release oral minoxidil formulation, in females with mild-to-moderate pattern hair loss. VDPHL01 has the potential to become the first FDA-approved oral treatment for female pattern hair loss.

Among female participants who received either VDPHL01 4.5mg once daily or VDPHL01 4.5mg twice daily for 6 months, VDPHL01 demonstrated a potentially differentiated clinical profile defined by rapid onset of activity, consistent response across participants, and increases in hair count while being generally well tolerated with no treatment-related serious adverse events (SAEs) and no adverse events of special interest (AESIs) of cardiac origin.

In the study, VDPHL01 achieved consistent hair growth on the endpoint of non-vellus TAHC and patient reported outcome (PRO) benefits of ‘improved’ or ‘much improved’ on the Androgenetic Alopecia Impact Rating Scale (AAIRS) at Month 6. Participants achieved an average increase in non-vellus hair count of 22.7 hairs/cm² and 23.3 hairs/ cm² in once daily and twice daily VDPHL01 treatment arms, respectively. Additionally, 88.9% of participants in the once daily dose arm and 90.0% of participants in the twice daily dose arm achieved ‘improved’ or ‘much improved’ hair coverage on the AAIRS.

“Female pattern hair loss has long been underserved with no FDA-approved oral prescription treatment options and limited clinical research. As a result, females have disproportionately resorted to using topical over-the-counter options and unproven supplements that do not reliably help them reach their treatment goals,” said Dr. Jerry Shapiro , an internationally recognized board-certified dermatologist, Director of the Hair Clinic and Professor of Dermatology at NYU Langone Medical School who is a paid consultant of Veradermics. “Based on the results of the ‘207’ trial, VDPHL01 is positioned to transform how we treat female pattern hair loss as it moves towards potentially becoming the first and only FDA-approved oral treatment for females.”

The consistency of clinically meaningful hair growth reported by participants was further supported by investigator perception of hair growth, with investigators grading 100% (once daily dosing arm) and 90% (twice daily dosing arm) of female participants as having improvement in hair coverage at Month 6. Fast onset of hair growth was also observed by investigators and patients as early as Month 2, the earliest measured time point measured in the trial, with 67.2% of participants graded by investigators as demonstrating improvement and 63.2% of participants reporting improvement in hair coverage at Month 2.

Treatment with VDPHL01 was generally well tolerated through Month 6 with an overall safety profile consistent with prior studies with VDPHL01. No treatment-related SAEs and no AESIs of cardiac origin were observed in this study.

“We are highly encouraged by the positive results from Study ‘207’ evaluating our proprietary extended-release formulation of VDPHL01 in women with pattern hair loss,” said Reid Waldman , M.D., Chief Executive Officer of Veradermics. “Importantly, Study ‘207’ demonstrated strong proof-of-concept on the same endpoints being evaluated in our registration-directed Phase 2/3 Study ‘306’, further strengthening our conviction in that study ahead of its anticipated 1H 2027 readout. Taken together, these data reinforce our belief that VDPHL01, if approved, has the potential to become a differentiated oral treatment option for women with female pattern hair loss and to address the needs of an estimated 30 million women, representing a substantial additive commercial opportunity.”

VDPHL01 is currently being evaluated in an extensive pivotal development program designed to support the approval of VDPHL01 in both female and male pattern hair loss. Veradermics is actively recruiting female participants for its female pattern hair loss Phase 2/3 trial, Study ‘306’, with topline data anticipated in 1H 2027. In April, Veradermics announced topline results from Study ‘302’, a registration-directed Phase 2/3 trial in male pattern hair loss and, in February, Veradermics announced enrollment completion in its second Phase 3 male trial, Study ‘304’, with topline results anticipated in the second half of 2026.

Veradermics will host a conference call and live webcast today at 8:00 a.m. ET to discuss the Study ‘207’ results. A live webcast will be available on the Events page in the Investors section of the company’s website . A replay will be available following the call.

About VDPHL01

VDPHL01 (extended-release minoxidil tablet) is a proprietary investigational, oral non-hormonal drug in Phase 3 development for pattern hair loss in both women and men. VDPHL01 leverages extended-release technology to deliver a minoxidil product with the potential for improved efficacy and safety. The proprietary extended-release formulation utilizes a gel matrix designed to deliver long-lasting, steady release of minoxidil for sustained absorption. VDPHL01 has been shown to avoid the high peak concentrations of immediate-release oral minoxidil, while extending time above the minimum hair growth threshold to increase time for hair to grow. If approved, VDPHL01 would be the only FDA-approved oral non-hormonal treatment for pattern hair loss in both male and female patients. VDPHL01 is protected by a broad library of patents and patent applications related to the key innovations of VDPHL01. The earliest expiring patent term is 2043.

About Pattern Hair Loss

Pattern hair loss, also known as androgenetic alopecia, affects an estimated 80 million people in the United States (30 million women and 50 million men). Pattern hair loss can have a significant impact on quality of life, affecting an individual’s mental health and relationships. People with pattern hair loss often experience depression, low self-esteem, and social withdrawal. There have been no new FDA-approved prescription medicines for pattern hair loss in nearly 30 years. In addition, current treatments include over the counter “nutraceuticals” that produce inconsistent results and contribute to high dissatisfaction among participants and healthcare providers. The prevalence of p

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