10 Best Non-Tech Stocks to Buy According to Reddit

8. Verona Pharma plc (NASDAQ:VRNA)

Number of Hedge Fund Holders: 59

Verona Pharma plc (NASDAQ:VRNA) is one of the 10 Best Non-Tech Stocks to Buy According to Reddit, supported by hedge fund interest.

The $10 billion acquisition of Verona Pharma plc (NASDAQ:VRNA) by Merck & Co. (NYSE:MRK), which offered $107 per American Depositary Share, was authorized by the company’s shareholders on October 1. After a planned judicial hearing at the High Court of Justice of England and Wales, the agreement, which was first disclosed on July 8, is expected to be finalized on October 7.

Moreover, on the same day, Nasdaq trading in Verona Pharma plc (NASDAQ:VRNA) shares will be suspended. The deadline for depositary share payments is October 8. The approval coincides with Verona Pharma plc (NASDAQ:VRNA) showcasing encouraging Phase 3 ENHANCE trial results for its COPD medication, Ohtuvayre, which will be showcased at the International Congress of the European Respiratory Society. Furthermore, Merck’s justification for pursuing the acquisition is reinforced by the fact that the medicine represents the first novel inhaled treatment mechanism for COPD in over two decades.

Ohtuvayre is the primary medication for COPD offered by Verona Pharma plc (NASDAQ:VRNA), a biopharmaceutical company that specializes in treatments for chronic respiratory conditions. It is one of the Best Non-Tech Stocks.