DRMA Dermata Therapeutics Inc.

5.39
+0.39  (+8%)
Previous Close 5
Open 5.09
52 Week Low 4.0838
52 Week High 6.5
Market Cap $44,914,630
Shares 8,328,629
Float 1,768,271
Enterprise Value $39,412,020
Volume 3,314,737
Av. Daily Volume 169,471
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Upcoming Catalysts

Drug Stage Catalyst Date
DMT410
Aesthetic conditions
Phase 2
Phase 2
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DMT310
Psoriasis
Phase 1b
Phase 1b
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DMT310
Rosacea
Phase 2
Phase 2
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DMT310
Acne
Phase 3
Phase 3
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Latest News

  1. The presentation will highlight efficacy and safety data from a Phase 1b proof of concept study evaluating one application of DMT410 as a new topical intradermal delivery mechanism of botulinum toxin for multiple aesthetic skin conditions

    SAN DIEGO, CA / ACCESSWIRE / September 21, 2021 / Dermata Therapeutics, Inc. (NASDAQ:DRMA)(NASDAQ:DRMAW) ("Dermata" or the "Company"), a clinical-stage biotechnology company focusing on the treatment of medical and aesthetic skin conditions, will present efficacy and safety data from its Phase 1b proof of concept study evaluating one application of DMT410 to treat multiple aesthetic skin conditions. The video presentation will be presented at The American Society for Dermatologic Surgery's 2021 Annual Meeting…

    The presentation will highlight efficacy and safety data from a Phase 1b proof of concept study evaluating one application of DMT410 as a new topical intradermal delivery mechanism of botulinum toxin for multiple aesthetic skin conditions

    SAN DIEGO, CA / ACCESSWIRE / September 21, 2021 / Dermata Therapeutics, Inc. (NASDAQ:DRMA)(NASDAQ:DRMAW) ("Dermata" or the "Company"), a clinical-stage biotechnology company focusing on the treatment of medical and aesthetic skin conditions, will present efficacy and safety data from its Phase 1b proof of concept study evaluating one application of DMT410 to treat multiple aesthetic skin conditions. The video presentation will be presented at The American Society for Dermatologic Surgery's 2021 Annual Meeting to be held virtually, November 19-21, 2021.

    "The ASDS 2021 Annual Meeting is an important and respected venue for educating and informing on the latest research and new technologies in the field of dermatologic surgery. We are honored that the research conducted with DMT410 for treatment of aesthetic skin conditions was chosen for an abstract and video presentation and look forward to sharing the findings with the dermatology community," said Christopher Nardo Ph.D., Dermata's Senior Vice President, Development. "We were also excited to have conducted this study with Dr. Sabrina Fabi, an internationally recognized leader in cosmetic dermatology, who was the principal investigator in the study."

    The Phase 1b proof of concept study of DMT410 for the treatment of multiple aesthetic skin conditions was an open-label, single-center study of 10 patients receiving one application DMT410, which consists of one topical application of Spongilla powder, a naturally derived freshwater sponge, followed by one topical application of botulinum toxin. Patients were observed for a total of 16 weeks to collect safety and efficacy data and track duration of effect. The endpoints of the study were reduction in glabella, forehead, and lateral canthal lines, reduction in pore size and count, improvement in luminosity and brightness, reduction in fine lines, reduction in sebum production, and improvements in the Physician's Global Assessment.

    Details of Dermata's ASDS 2021 Annual Meeting presentation will be announced in November.

    About DMT410

    DMT410 is Dermata's combination treatment regimen that utilizes the unique mechanical features of its Spongilla technology to facilitate the intradermal delivery of botulinum toxin by topical application rather than injection with a needle. The treatment consists of an initial topical application of Dermata's proprietary Spongilla powder to the treatment area wherein the mechanical spicules of the powder penetrate the stratum corneum creating microchannels into the dermis allowing for the topical application and penetration of botulinum toxin. Dermata is investigating DMT410 as a new method for topical intradermal delivery of botulinum toxin for the treatment of multiple aesthetic indications.

    About Dermata Therapeutics

    Dermata Therapeutics, Inc. is a clinical-stage biotechnology company focusing on the treatment of medical and aesthetic skin conditions. The Company's lead product candidate, DMT310, is the first product candidate being developed from its Spongilla technology platform. DMT310 is a once-weekly topical product candidate derived from a naturally sourced freshwater sponge with multiple unique mechanisms of action. DMT310 is currently under clinical development for the treatment of acne, psoriasis, and rosacea. Our second product candidate, DMT410, uses our Spongilla technology as a new method for topical intradermal delivery of botulinum toxin for the treatment of multiple aesthetic indications. Dermata is headquartered in San Diego, California. For more information please visit http://www.dermatarx.com/.

    Forward-Looking Statements

    Statements in this press release that are not strictly historical in nature are forward-looking statements. These statements are based on the Company's current beliefs and expectations and new risks may emerge from time to time. Forward looking statements are subject to known and unknown risks, uncertainties, assumptions and other factors including, but are not limited to, statements related to: the potential development and commercialization of product candidate DMT410; the timing of the ASDS presentation and related data results of DMT410; and whether the results of DMT410 will lead to future product development. These statements are only predictions based on current information and expectations and involve a number of risks and uncertainties. Actual events or results may differ materially from those projected in any of such statements due to various factors, including the risks and uncertainties inherent in drug development, approval and commercialization, and the fact that past results of clinical trials may not be indicative of future trial results. For a discussion of these and other factors, please refer to Dermata's filings with the Securities and Exchange Commission. You are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date hereof. This caution is made under the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. All forward-looking statements are qualified in their entirety by this cautionary statement and Dermata undertakes no obligation to revise or update this press release to reflect events or circumstances after the date hereof, except as required by law.

    Investors:
    Sean Proehl
    Senior Director, Legal and Business Development
    (858) 800-2543 ext. 705
    sproehl@dermatarx.com

    SOURCE: Dermata Therapeutics



    View source version on accesswire.com:
    https://www.accesswire.com/664920/Dermata-to-Present-Results-from-its-DMT410-Phase-1b-Proof-of-Concept-Aesthetic-Study-at-The-American-Society-for-Dermatologic-Surgery-ASDS-2021-Annual-Meeting

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  2. SAN DIEGO, CA / ACCESSWIRE / September 1, 2021 / Dermata Therapeutics, Inc. ("Dermata," or the "Company") (NASDAQ:DRMA)(NASDAQ:DRMAW), a clinical-stage biopharmaceutical company focused on the development of novel dermatology therapies, today announced the appointment of Kyri Van Hoose as Senior Vice President, Chief Financial Officer. Ms. Van Hoose is a strategic and operational finance leader with over 20 years of experience, including more than 15 years in the life sciences industry. Ms. Van Hoose is replacing Thomas Insley, who is retiring as the Company's full time CFO after 6 years, but will continue to work with the Company as a financial consultant.

    "I am very excited to welcome Kyri to Dermata as our SVP, Chief Financial Officer. As…

    SAN DIEGO, CA / ACCESSWIRE / September 1, 2021 / Dermata Therapeutics, Inc. ("Dermata," or the "Company") (NASDAQ:DRMA)(NASDAQ:DRMAW), a clinical-stage biopharmaceutical company focused on the development of novel dermatology therapies, today announced the appointment of Kyri Van Hoose as Senior Vice President, Chief Financial Officer. Ms. Van Hoose is a strategic and operational finance leader with over 20 years of experience, including more than 15 years in the life sciences industry. Ms. Van Hoose is replacing Thomas Insley, who is retiring as the Company's full time CFO after 6 years, but will continue to work with the Company as a financial consultant.

    "I am very excited to welcome Kyri to Dermata as our SVP, Chief Financial Officer. As a new public, clinical-stage drug development company, Kyri will be a great asset to help Dermata navigate its future growth and development as a public company. Kyri's extensive financial experience in the life sciences industry and experience with public companies will support our programs for the continued development of DMT310 and DMT410," said Gerry Proehl, Dermata's Chief Executive Officer. "Everyone on our team is very excited to have Kyri come on board and we all want to thank Tom Insley for his years of service and are happy to say that he will still be involved with the Company moving forward," concluded Mr. Proehl.

    "I am thrilled to join the Dermata team and oversee the financial strategy to advance the company's programs through development and hopefully onto the market," said Ms. Van Hoose. "Dermata is a great company to work for with new and innovative product candidates. I look forward to working closely with Gerry and the entire Dermata team, including the Board of Directors, on accomplishing our corporate goals and to drive value for our shareholders."

    Prior to Dermata, Ms. Van Hoose served as Chief Financial Officer of TEGA Therapeutics, Inc., a private biotechnology company. Prior to that, Ms. Van Hoose served as the head of finance for Curzion Pharmaceuticals, Inc., a private, rare disease company, until its acquisition by Horizon Therapeutics plc, as well as Avelas Biosciences, Inc., a clinical-stage biotechnology company. For over a decade, Ms. Van Hoose held financial leadership positions of increasing responsibilities at Acadia Pharmaceuticals, Inc., (ACAD) including Senior Director of Finance and Corporate Controller. Ms. Van Hoose began her career at Deloitte and is a licensed Certified Public Accountant (California active) and earned her B.S. in Accounting at the University of Southern California and M.B.A. in Finance at University of California, Irvine.

    About Dermata Therapeutics:
    Dermata is a clinical-stage biotechnology company focused on making major advancements in the treatment of medical and aesthetic skin diseases and conditions. Dermata has a team of experienced individuals who are currently focused on progressing two programs for the treatment of acne, psoriasis, rosacea and aesthetic indications. To learn more about Dermata and its pipeline of product candidates, please visit www.dermatarx.com.

    Dermata Contacts:
    Investors
    Sean Proehl
    858-800-2543 Ext. 705
    sproehl@dermatarx.com

    SOURCE: Dermata Therapeutics



    View source version on accesswire.com:
    https://www.accesswire.com/662325/Dermata-Therapeutics-Inc-Announces-Appointment-of-Kyri-Van-Hoose-as-Senior-Vice-President-Chief-Financial-Officer

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  3. SAN DIEGO, CA / ACCESSWIRE / August 17, 2021 / Dermata Therapeutics, Inc. ("Dermata" or the "Company") (NASDAQ:DRMA, DRMAW))), a clinical-stage medical dermatology company focused on identifying, developing and commercializing innovative pharmaceutical product candidates for the treatment of medical and aesthetic skin diseases and conditions, today announced the closing of its previously announced initial public offering of 2,571,428 shares of its common stock and accompanying warrants to purchase up to 2,571,428 shares of common stock. Each share of common stock was sold together with one warrant to purchase one share of common stock with an exercise price of $7.00 per share at a combined offering price of $7.00, for gross proceeds of approximately…

    SAN DIEGO, CA / ACCESSWIRE / August 17, 2021 / Dermata Therapeutics, Inc. ("Dermata" or the "Company") (NASDAQ:DRMA, DRMAW))), a clinical-stage medical dermatology company focused on identifying, developing and commercializing innovative pharmaceutical product candidates for the treatment of medical and aesthetic skin diseases and conditions, today announced the closing of its previously announced initial public offering of 2,571,428 shares of its common stock and accompanying warrants to purchase up to 2,571,428 shares of common stock. Each share of common stock was sold together with one warrant to purchase one share of common stock with an exercise price of $7.00 per share at a combined offering price of $7.00, for gross proceeds of approximately $18.0 million, before deducting underwriting discounts and offering expenses. In addition, Dermata has granted the underwriters a 45-day option to purchase up to an additional 385,714 shares of common stock and/or warrants to purchase 385,714 shares of common stock to cover over-allotments at the initial public offering price, less the underwriting discount, of which Maxim Group LLC has exercised its option to purchase an additional 385,714 warrants. All of the shares of common stock and warrants were offered by the Company.

    The shares of common stock and warrants began trading on the Nasdaq Capital Market on August 13, 2021, under the symbols "DRMA" and "DRMAW," respectively.

    The Company intends to use substantially all of the net proceeds from the offering to advance the clinical development of DMT310 for the treatment of rosacea and psoriasis, to advance the clinical development of DMT410 for the treatment of various aesthetic indications, to fund its planned non-clinical trials and the pharmacokinetic study for its DMT310 program, for manufacturing drug product for its clinical trials in acne, rosacea and psoriasis, for a payment to a licensor, and for working capital and other general corporate purposes.

    Maxim Group LLC acted as the sole book-running manager and Brookline Capital Markets, a division of Arcadia Securities, LLC, acted as a co-manager in connection with the offering.

    A registration statement on Form S-1 (File Nos. 333-256997 and 333-258772) was filed with the Securities and Exchange Commission ("SEC"), which became effective on August 12, 2021. A final prospectus relating to the offering was filed with the SEC and is available on the SEC's website at http://www.sec.gov. The offering was made only by means of a prospectus forming part of the effective registration statement. Electronic copies of the prospectus relating to this offering may be obtained from Maxim Group LLC, 300 Park Avenue, 16th Floor, New York, New York 10022, at (212) 895-3745. Before investing in this offering, interested parties should read in its entirety the registration statement that the Company has filed with the SEC, which provides additional information about the Company and this offering.

    This press release shall not constitute an offer to sell or a solicitation of an offer to buy, nor shall there be any sale of these securities in any state or jurisdiction in which such an offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.

    About Dermata Therapeutics
    Dermata is a clinical-stage dermatology company focused on identifying, developing and commercializing innovative pharmaceutical product candidates for the treatment of medical and aesthetic skin diseases and conditions the Company believe represent significant market opportunities because current therapies are inadequate or non-existent. For more information, please visit www.dermatarx.com.

    Forward Looking Statements
    This press release contains certain forward-looking statements, including those relating to the regarding the use of proceeds and other statements that are predictive in nature. Forward-looking statements are based on the Company's current expectations and assumptions. The Private Securities Litigation Reform Act of 1995 provides a safe-harbor for forward-looking statements. These statements may be identified by the use of forward-looking expressions, including, but not limited to, 'expect,' 'anticipate,' 'intend,' 'plan,' 'believe,' 'estimate,' 'potential,' 'predict,' 'project,' 'should,' 'would' and similar expressions and the negatives of those terms. Prospective investors are cautioned not to place undue reliance on such forward-looking statements, which speak only as of the date of this presentation. The Company undertakes no obligation to publicly update any forward-looking statement, whether as a result of new information, future events or otherwise. Important factors that could cause actual results to differ materially from those in the forward-looking statements are set forth in the Company's filings with the Securities and Exchange Commission, including its registration statement on Form S-1, as amended from time to time, under the caption 'Risk Factors.'

    Contact:
    Sean Proehl
    Investor Relations
    (858) 800-2543 Ext. 705

    SOURCE: Dermata Therapeutics



    View source version on accesswire.com:
    https://www.accesswire.com/660219/DermataTherapeutics-IncAnnounces-Closing-of-Upsized-180-Million-Initial-Public-Offering

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