Proof of Usefulness Report

Veradermics

Analysis completed on 2/4/2026

+582
Proof of Usefulness Score
Industry Mainstay

Veradermics is a verifiable, high-value clinical-stage biopharmaceutical company (Ticker: MANE) actively pursuing an IPO with a valuation ~$500M. The company has raised over $250M (including a $150M Series C) to develop VDPHL01, an extended-release oral minoxidil for hair loss. While the project itself possesses exceptional real-world utility, market timing, and verified traction (Phase 3 trials), the submission quality is critically poor, containing false data (e.g., 'Team Size: 0', 'most people have used my product'). The score reflects the immense value of the verified entity, penalized slightly for the low-effort submission.

Ready to Compete for $150k+ in Prizes?

Move this data into a HackerNoon blog draft to become eligible for your share of $150k+ in cash and software prizes

View All Reports

Score Breakdown

Real World Utility+142.5
Audience Reach Impact+135.0
Technical Innovation+102.0
Evidence Of Traction+142.5
Market Timing Relevance+90.0
Functional Completeness+5.0
Subtotal+617
Usefulness Multiplierx0.943
Final Score+582

Project Details

Project URL
veradermics.com
Description
Veradermics is a clinical-stage biopharmaceutical company focused on developing novel therapeutics for common dermatologic conditions, particularly pattern hair loss. Their lead candidate, VDPHL01, is an extended-release oral formulation of minoxidil designed to offer a non-hormonal treatment for hair regrowth with potential for improved efficacy and safety compared to existing options. Founded in 2020, the company has secured significant funding to advance its pipeline through late-stage clinical trials.

Algorithm Insights

Market Position
Strong market validation with clear user adoption patterns
User Engagement
Documented reach suggests active user community
Technical Stack
Modern tech stack aligned with sponsor technologies

Recommendations to Increase Usefulness Score

Document User Growth

Provide specific metrics on user acquisition and retention rates

Showcase Revenue Model

Detail sustainable monetization strategy and current revenue streams

Expand Evidence Base

Include testimonials, case studies, and third-party validation

Technical Roadmap

Share development milestones and feature completion timeline