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Veradermics indicated to open at $20-$22, IPO priced at $17

Veradermics (MANE) priced 15.08M shares at $17.00. The deal size was increased from 13.35M and priced above the $14.00-$16.00 range. Jefferies, Leerink, Citi and Cantor Fitzgerald are acting as joint book running managers for the offering. Veradermics is a dermatologist-founded, late clinical-stage biopharmaceutical company focused on developing therapeutics for common aesthetic and dermatological conditions. Its lead program, VDPHL01, is being developed as an oral, non-hormonal treatment for men and women with pattern hair loss.

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