Signal Note — MANE (Veradermics, Inc.)

Deep Track Capital initiated a new $31.6M position (500K shares) in Veradermics, a meaningful opening stake from a $5B+ life sciences specialist with a strong track record in dermatology-adjacent bets. The core catalyst is a Phase 3 readout for VDPHL01 in Androgenetic Alopecia (male pattern baldness) expected February 2026, with additional Phase 3 and Phase 2 data points staggered through mid-2027, creating a multi-year catalyst ladder.

Unlock full AI analysis — 14-day free trial

Short Interest

SI rising 4 periods (+85.9%)

Short Shares

3.81M

Change

+61.2%

Days to Cover

5.2

% of Float

14.0%

Settlement

Jun 30, 2026

Short interest over 8 periods

Catalysts

Phase 2Q1 2025VDMN-21 Patch Low DoseVerruca Vulgaris, Warts, Common WartNCT05799157

Phase 3Q1 2026VDPHL01Androgenetic Alopecia, AGA, Male Pattern BaldnessNCT06724614

Phase 2Q3 2026VDPHL01Androgenetic Alopecia, AGA, Male Pattern BaldnessNCT06527365

Phase 3Q4 2026VDPHL01Androgenetic Alopecia, AGA, Male Pattern BaldnessNCT06972264

Phase 3Q2 2027VDPHL01 QDAndrogenetic Alopecia (AGA), Androgenetic Alopecia, AGANCT07146022

Be first to know when this name moves

Fund buys and exits, insider activity, and catalyst alerts across 800+ biotechs — free Monday brief.

Position Details

Deep Track CapitalNEW POSITIONMay 15, 2026

Start free trialfor share counts, dollar values & AI analysis

1 more position change — start your free trial to see dollar values and AI analysis for all of them.

Know which insider moves are real

See who's buying with their own money vs. routine exercises
AI explains why each move matters right now

Start 14-Day Free Trial — $29/mo

Also Held by These Funds

PHGE1 fund ACAD1 fund AHCO1 fund ALEC1 fund ALNY1 fund ANNX1 fund ARWR1 fund SPRY1 fund

Research Links

Yahoo Finance →SEC EDGAR →ClinicalTrials.gov →

Related Research

Verdad's Biotech White Paper, Part 1: Why Specialist Fund Holdings Predict Returns

6 min read

Verdad's Biotech White Paper, Part 2: Why Traditional Quant Factors Fail — and What Works Instead

6 min read

Fund Convergence: The Highest-Conviction Signal in Biotech Investing

5 min read

Track specialist biotech funds, insider signals, and AI analysis

Start 14-Day Free Trial

Get free weekly alerts on fund moves and catalysts:

Terms

Privacy

Disclaimer