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Dermatology biotech Dermata Therapeutics sets terms for $15 million IPO

firstwordpharmaJuly 05, 2021

Tag: dermatology , IPO , DMT310

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Dermata Therapeutics plans to raise $15 million in its initial public offering of 1.9 million shares at a price range of $7 to $9, Renaissance Capital reported.

Dermata’s lead candidate, DMT310, is a once-weekly topical product currently under clinical development for acne, psoriasis, and rosacea.

The company recently received results from a Phase IIb trial of DMT310 for the treatment of moderate-to-severe acne. It plans to initiate two pivotal Phase III trials in the second half of 2022.

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