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Biofrontera Inc. Reports Positive Phase 2b Results Supporting Further Development of Ameluz® Photodynamic Therapy for moderate to severe Acne Vulgaris 

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Biofrontera (Nasdaq: BFRI) reported positive Phase 2b results for Ameluz® PDT in moderate to severe acne vulgaris, with the 3-hour incubation regimen identified as most promising.

In the 3-hour per-protocol cohort, Ameluz achieved a 57.97% reduction in inflammatory lesions vs 36.51% for vehicle; total lesion reductions were 42.7 vs 31.9. Safety was consistent with prior PDT experience. Data will be presented to the FDA in Q3 2026 to discuss next steps.

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Positive

  • Inflammatory lesions reduced by 57.97% with Ameluz (3-hour per-protocol)
  • Total lesion reduction of 42.7 points with Ameluz versus 31.9 with vehicle
  • High patient satisfaction: 85.7% would choose PDT again (3-hour Ameluz)

Negative

  • Treatment-related adverse events included burning and pruritus, mostly mild to moderate
  • Average pain scores higher with Ameluz (3.4–3.8) versus vehicle (2.0–2.1) during 3-hour PDT
  • mIGA co-primary endpoint met by 25% of Ameluz patients versus 21.4% with vehicle (modest absolute difference)

News Market Reaction – BFRI

-4.07%
8 alerts
-4.07% News Effect
+5.7% Peak Tracked
-13.8% Trough Tracked
-$425K Valuation Impact
$10M Market Cap
0.6x Rel. Volume

On the day this news was published, BFRI declined 4.07%, reflecting a moderate negative market reaction. Argus tracked a peak move of +5.7% during that session. Argus tracked a trough of -13.8% from its starting point during tracking. Our momentum scanner triggered 8 alerts that day, indicating moderate trading interest and price volatility. This price movement removed approximately $425K from the company's valuation, bringing the market cap to $10M at that time.

Data tracked by StockTitan Argus on the day of publication.

Key Figures

Inflammatory lesion reduction: 57.97% Inflammatory lesion reduction: 36.51% mIGA responder rate: 25% +5 more
8 metrics
Inflammatory lesion reduction 57.97% Ameluz group, 3-hour per-protocol population (n=20)
Inflammatory lesion reduction 36.51% Vehicle group, 3-hour per-protocol population (n=14)
mIGA responder rate 25% Ameluz-treated patients meeting co-primary endpoint
mIGA responder rate 21.4% Vehicle patients meeting same co-primary endpoint
Total lesion reduction 42.7 vs 31.9 Ameluz vs vehicle, 3-hour regimen absolute total lesion count change
Patient satisfaction 85.7% 3-hour Ameluz incubation patients who would choose PDT again
Aesthetic outcome rated good/very good 71.4% 3-hour Ameluz incubation subgroup
Planned FDA interaction Q3 2026 Meeting to discuss next steps for Ameluz PDT in acne vulgaris

Market Reality Check

Price: $0.8124 Vol: Volume 37,121 is 0.04x th...
low vol
$0.8124 Last Close
Volume Volume 37,121 is 0.04x the 20-day average of 878,159, indicating little pre-news positioning. low
Technical Trading essentially in line with the 200-day MA at 0.86 (last close 0.859).

Peers on Argus

Momentum scanner shows peers INM and YCBD both moving down (-6.78%, -7.66%) whil...
2 Down

Momentum scanner shows peers INM and YCBD both moving down (-6.78%, -7.66%) while BFRI was flagged as up, indicating stock-specific dynamics rather than a sector-wide move.

Historical Context

5 past events · Latest: Feb 26 (Positive)
Pattern 5 events
Date Event Sentiment Move Catalyst
Feb 26 Patent challenge outcome Positive +1.2% PTAB found all challenged claims of Sun Pharma patent unpatentable.
Feb 17 Clinical PK milestone Positive +6.6% Phase 1 PK study database locked to support planned supplemental NDA.
Feb 11 Regulatory sNDA update Positive -1.3% FDA accepted Ameluz sNDA for sBCC with PDUFA date set.
Feb 09 Phase 3 AK results Positive -1.3% Ameluz PDT met primary endpoint in Phase 3 AK study on extremities/neck/trunk.
Jan 13 Revenue update Positive +0.9% Record preliminary Q4 2025 revenue with double-digit year-over-year growth.
Pattern Detected

Recent news skew positive, but price reactions are mixed: several strong clinical and regulatory updates saw small declines, while other operational and clinical milestones produced modest gains.

Recent Company History

Over the last few months, Biofrontera has reported multiple milestones centered on Ameluz® and corporate positioning. A Phase 3 AK study met its primary endpoint on Feb 9, 2026 and an sNDA for superficial basal cell carcinoma was accepted with a Sept 28, 2026 PDUFA date. A Phase 1 PK study database lock and a favorable patent decision against Sun Pharma also arrived in February. In January, preliminary Q4 2025 revenue of $17.0–$17.5M marked record quarterly sales. The new acne Phase 2b data extend this pattern of pipeline and label-expansion efforts for Ameluz® PDT.

Market Pulse Summary

This announcement highlights positive Phase 2b results for Ameluz® PDT in moderate to severe acne vu...
Analysis

This announcement highlights positive Phase 2b results for Ameluz® PDT in moderate to severe acne vulgaris, with a 57.97% reduction in inflammatory lesions and a 25% mIGA responder rate under the 3-hour regimen. High satisfaction (85.7% would repeat PDT) and favorable tolerability support continued development. In context with recent Ameluz® milestones in actinic keratosis and superficial basal cell carcinoma, investors may watch for the planned FDA discussion in Q3 2026, future trial designs, and how new indications could interact with the company’s existing dermatology strategy.

Key Terms

photodynamic therapy, pdt, aminolevulinic acid hcl, acne vulgaris, +4 more
8 terms
photodynamic therapy medical
"a biopharmaceutical company specializing in the development and commercialization of photodynamic therapy (PDT)"
Photodynamic therapy is a medical treatment that uses a special light-sensitive substance and a specific type of light to target and destroy abnormal or diseased cells, often in cancer treatment. It is important to investors because advances in this technology can lead to new, minimally invasive treatment options, potentially expanding healthcare markets and driving growth for biotech companies involved in developing such therapies.
pdt medical
"Ameluz® (aminolevulinic acid HCL) topical gel, 10% PDT for the treatment"
PDT stands for “pattern day trader,” a regulatory designation applied to brokerage accounts that make frequent same-day buy-and-sell trades within a short period. It matters because once an account is labeled, the broker requires a minimum equity balance and imposes limits on how often the account can trade, which is like needing a higher license to drive faster — it changes how easily and quickly an investor can execute active trading strategies.
aminolevulinic acid hcl medical
"Ameluz® (aminolevulinic acid HCL) topical gel, 10% PDT for the treatment"
Aminolevulinic acid HCl is a chemically stabilized form of a compound used in medical imaging and photodynamic therapy that makes abnormal cells light up or become sensitive to light for targeted treatment. Think of it as a special dye that helps doctors find or destroy diseased tissue with a light-based tool; for investors, its importance lies in regulatory approvals, clinical trial results, patent protection, manufacturing scale and reimbursement, which determine commercial value and market opportunity.
acne vulgaris medical
"for the treatment of moderate to severe acne vulgaris (AV). The multicenter"
A common inflammatory skin condition that causes pimples, blackheads, whiteheads and sometimes deeper cysts, usually where oil glands are abundant such as the face, chest and back. It matters to investors because the large and recurring patient need drives demand for prescription drugs, over‑the‑counter treatments, dermatology devices and cosmetic procedures; treatment advances, clinical trial results or regulatory approvals can meaningfully affect sales, market share and valuation of healthcare and consumer companies.
multicenter, randomized, double-blind medical
"The multicenter, randomized, double-blind study compared Ameluz® and vehicle gel"
A multicenter, randomized, double-blind study is a type of clinical trial run at multiple locations where participants are assigned by chance to different treatments and neither the participants nor the researchers know who gets which one. Think of it like testing two recipes at many restaurants with diners and chefs unaware which recipe is being served, which helps ensure results are fair, unbiased and widely applicable. Investors care because these trials provide stronger evidence about a drug or treatment’s effectiveness and safety, reducing uncertainty about future approvals and market potential.
investigator global assessment medical
"on a 5-point modified Investigator Global Assessment (mIGA) scale and that the patient"
A clinician’s overall rating of a patient’s disease severity or improvement in a medical study, recorded on a standard numerical or descriptive scale. It serves as a key measure of whether a treatment appears to work; for investors, strong or weak results on this score can sway trial outcomes, regulatory approval chances and a drug’s commercial prospects, like a referee’s score influencing the final result of a contest.
u.s. food and drug administration regulatory
"The Company plans to present these Phase 2b data to the U.S. Food and Drug Administration (FDA)"
The U.S. Food and Drug Administration is the federal agency that evaluates and enforces safety, effectiveness and labeling standards for medicines, medical devices, vaccines, food and related products before they reach consumers. For investors it matters because FDA approvals, warnings or recalls determine whether a product can be sold, how quickly it reaches the market and how costly compliance will be—changes that directly affect a company’s revenue, costs and stock value.
phase 2b medical
"today announced results of its Phase 2b clinical trial evaluating Ameluz®"
Phase 2b is a stage in the development of a new medicine or treatment where researchers test its effectiveness and safety in a larger group of people. This step helps determine whether the treatment works well enough to move forward and if it has manageable side effects, which is important for investors because successful results can lead to potential approval and market opportunity.

AI-generated analysis. Not financial advice.

• Phase 2b study demonstrated greater reductions in inflammatory acne lesions with Ameluz® PDT versus vehicle

• 3-hour incubation regimen identified as the most promising protocol for further clinical development

• Acne vulgaris represents a promising potential future indication for Ameluz®, significantly broadening the Company’s dermatology pipeline

WOBURN, Mass., March 09, 2026 (GLOBE NEWSWIRE) -- Biofrontera Inc. (Nasdaq: BFRI) (“Biofrontera” or the “Company”), a biopharmaceutical company specializing in the development and commercialization of photodynamic therapy (PDT), today announced results of its Phase 2b clinical trial evaluating Ameluz® (aminolevulinic acid HCL) topical gel, 10% PDT for the treatment of moderate to severe acne vulgaris (AV).

The multicenter, randomized, double-blind study compared Ameluz® and vehicle gel using two incubation times (1 hour and 3 hours) prior to illumination with the BF-RhodoLED® lamp. Participants received one tube of Ameluz® or vehicle gel applied to the entire face, followed by incubation and illumination with the red light. Up to three PDT treatments were administered at one-month intervals, and patients were followed up for two months after receiving the final PDT treatment.

The study had co-primary endpoints, one of which looked at the relative reduction in inflammatory lesion counts. The other required an improvement of at least two grades on a 5-point modified Investigator Global Assessment (mIGA) scale and that the patient was rated “clear” or “almost clear” (score 0 or 1).

Clinical results

Greater improvements in both inflammatory lesion counts and mIGA scores were observed with Ameluz® vs. vehicle with the 3-hour incubation regimen, identifying this as the most promising protocol for further clinical investigation in acne vulgaris.

In the 3-hour per-protocol population, the Ameluz group achieved a 57.97% reduction in inflammatory lesions (n=20), compared with 36.51% (n=14) in the corresponding vehicle group. For the mIGA analysis, 25% of the Ameluz treated patients met this co-primary endpoint with 21.4% of the vehicle patients achieving the same outcome.

Reductions in absolute lesion counts further supported the efficacy of the 3-hour regimen. The values for inflammatory, non-inflammatory and total lesion reductions were 19.7, 23.1 and 42.7 with Ameluz vs. 15.4, 16.5 and 31.9 with vehicle.

Safety, Tolerability and Patient Satisfaction

Ameluz® PDT demonstrated a favorable safety profile consistent with previously reported photodynamic therapy experience. The most frequently reported treatment-related adverse events were burning sensation and pruritus, both of which were generally mild to moderate in severity.

In addition, the average pain scores during the 3-hour incubation PDT treatments were modest, with the values in the Ameluz group ranging from 3.4 to 3.8, and from 2.0 to 2.1 with vehicle on an 11-point scale.

Participants reported high overall satisfaction with PDT treatment. Of the patients who underwent the 3-hour Ameluz incubation, 85.7% said they would choose PDT again and 71.4% of them rated their esthetic outcome as “good” or “very good”.

Medical Need for Moderate to Severe Acne

Acne vulgaris is one of the most common dermatologic conditions in the US, affecting millions of patients and representing a large treatment market. It may lead to permanent scarring and can carry a significant psychosocial burden, including reduced self-esteem and depression.

Current treatment options include topical therapies requiring long-term daily treatment, and systemic antibiotic and oral isotretinoin which may have significant safety considerations. Additionally, increasing antibiotic resistance continues to drive interest in alternative treatment approaches.

As an in-office physician-administered procedure, photodynamic therapy may offer dermatologists an alternative treatment option with a high rate of compliance and that avoids patients having to undergo chronic systemic exposure.

“We are thrilled to reach this crucial milestone in our clinical program”, said Dr. Hermann Luebbert, CEO and Chairman of Biofrontera Inc. “The results of this Phase 2b study show promising reductions of inflammatory, non-inflammatory and total lesions with Ameluz® PDT after 3-hour incubation, as well as an improvement in the mIGA.

The successful completion of this study brings us a step closer to potentially offering an effective and well tolerated treatment option for patients with moderate to severe acne vulgaris. Expanding the potential indications for Ameluz® demonstrates our commitment to the development of PDT and would further strengthen our dermatology franchise.”

Mitchel P. Goldman, MD, FAAD, Medical Director of Cosmetic Laser Dermatology, Board Member of Platinum Dermatology Partners and the coordinating investigator of the study, expressed enthusiasm about its’ potential impact for the treatment of acne vulgaris. “Ameluz® PDT has shown encouraging potential for the treatment of moderate to severe acne vulgaris. We see many patients who suffer from this condition, still relying on treatment regimens that often come with a high burden for the patients. The possibility of expanding the use of Ameluz® to treat those patients with PDT is promising for physicians and our patients.”

The Company plans to present these Phase 2b data to the U.S. Food and Drug Administration (FDA) in Q3 2026 to discuss potential next steps to develop Ameluz® PDT for the treatment of acne vulgaris.

About Biofrontera Inc.

Biofrontera is a U.S.-based biopharmaceutical company specializing in the treatment of dermatological conditions with a focus on PDT. The Company commercializes the drug-device combination Ameluz® with the RhodoLED® lamp series for PDT of Actinic Keratosis, pre-cancerous skin lesions which may progress to invasive skin cancers1. The Company performs clinical trials to extend the use of the products to treat non-melanoma skin cancers and moderate-to-severe acne. For more information, visit www.biofrontera-us.com and follow Biofrontera on LinkedIn and X.

Forward-Looking Statements

Certain statements in this press release may constitute “forward-looking statements” within the meaning of the United States Private Securities Litigation Reform Act of 1995, as amended. These statements include, but are not limited to, statements relating to Biofrontera's commercial opportunities and the commercial success of its products. We have based these forward-looking statements on our current expectations and projections about future events. Nevertheless, actual results or events could differ materially from the plans, intentions and expectations disclosed in, or implied by, the forward-looking statements we make. These risks and uncertainties, many of which are beyond our control, include, but are not limited to: the uncertainties inherent in the initiation and conduct of clinical trials; availability and timing of data from clinical trials; whether results of earlier clinical trials or trials of Ameluz® in combination with BF-RhodoLED® and/or RhodoLED® XL in different disease indications or product applications will be indicative of the results of ongoing or future trials; uncertainties associated with regulatory review of clinical trials and applications for marketing approvals; the impact of any extraordinary external events; and other factors that may be disclosed in the Company’s filings with the Securities and Exchange Commission (the “SEC”), which can be obtained on the SEC’s website at www.sec.gov. Readers are cautioned not to place undue reliance on the forward-looking statements, which speak only as of the date on which they are made and reflect management’s current estimates, projections, expectations and beliefs. The Company does not plan to update any such forward-looking statements and expressly disclaims any duty to update the information contained in this press release except as required by law.

Investor Relations
Ben Shamsian
646-829-9701
shamsian@lythampartners.com


FAQ

What were the top-line Phase 2b results for Ameluz (BFRI) in acne vulgaris?

Ameluz PDT with a 3-hour incubation produced the strongest efficacy signal in this study. According to the company, the 3-hour per-protocol Ameluz group saw a 57.97% reduction in inflammatory lesions versus 36.51% for vehicle and greater total lesion reductions.

Which incubation time for Ameluz (BFRI) showed the best results in the Phase 2b acne trial?

The 3-hour incubation regimen was identified as the most promising protocol for further development. According to the company, the 3-hour cohort showed larger inflammatory and total lesion reductions compared with the 1-hour regimen and vehicle.

What safety and tolerability findings did Biofrontera report for Ameluz PDT (BFRI)?

Ameluz PDT demonstrated a favorable safety profile consistent with prior PDT experience in dermatology. According to the company, most treatment-related events were mild-to-moderate burning and pruritus; average pain scores were modestly higher with Ameluz during 3-hour treatments.

How did patients rate satisfaction after Ameluz PDT in the Phase 2b 3-hour group (BFRI)?

Patient-reported satisfaction was high among those receiving 3-hour Ameluz PDT. According to the company, 85.7% said they would choose PDT again and 71.4% rated their aesthetic outcome as good or very good.

When will Biofrontera (BFRI) discuss next steps with the FDA for Ameluz in acne vulgaris?

Biofrontera plans to present the Phase 2b data to the FDA in Q3 2026 to discuss development options. According to the company, the Q3 2026 meeting will focus on potential next steps to develop Ameluz PDT for acne.
Biofrontera Inc

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