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Veradermics initiated with a Buy at Citi

Citi initiated coverage of Veradermics (MANE) with a Buy rating and $85 price target The firm believes the company’s VDPHL01 is positioned to become the first FDA-approved oral minoxidil for pattern hair loss. The drug will enter a $30B market with a major unmet need, the analyst tells investors in a research note.

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