Dermata Therapeutics Inc Stock Price, News & Analysis

Dermata Therapeutics (Nasdaq: DRMA; DRMAW) announced key milestones in its clinical programs. The end of Phase 2 meeting with the FDA for DMT310, aimed at treating moderate-to-severe acne, is anticipated in 2Q 2023, with a Phase 3 trial starting in 2H 2023. The company is also in discussions for partnerships regarding DMT410, which targets hyperhidrosis and aesthetic conditions. Financially, Dermata reported $6.2 million in cash as of December 31, 2022, a decrease from $10.8 million in 2021, alongside a net loss of $9.6 million for 2022, down from $10.5 million in 2021.

Dermata Therapeutics announced Phase 2 trial results for DMT310, targeting moderate-to-severe rosacea, which did not meet primary endpoints. The treatment showed a 44% reduction in inflammatory lesions, but statistical significance wasn't achieved against placebo. Dermata plans to request an End of Phase 2 meeting with the FDA for DMT310 in acne treatment in Q1 2023. Despite the rosacea results, Dermata remains optimistic about DMT310's acne potential, citing significant effects in a prior study.

Dermata Therapeutics, Inc. (Nasdaq: DRMA; DRMAW) reported progress in its clinical programs and financial results for Q3 2022. The company anticipates announcing topline results from the DMT310 Phase 2 trial for moderate-to-severe rosacea in December 2022 and plans to initiate the Phase 3 study for acne in 1H 2023. Financially, Dermata had $8.1 million in cash as of September 30, 2022, down from $10.8 million at year-end 2021. Research and development expenses rose to $1.6 million due to increased clinical activity, while general and administrative costs remained steady at $0.9 million.

Dermata Therapeutics (Nasdaq: DRMA; DRMAW) announced its corporate progress and financial results for Q2 2022. The company closed a $5.0 million private placement, netting $4.3 million. It completed enrollment in its DMT310 Phase 2 study for rosacea, expecting topline results in the second half of 2022. As of June 30, 2022, Dermata held $10.6 million in cash, slightly down from $10.8 million at the end of 2021. R&D expenses rose to $1.6 million amid intensified clinical trial activities, while G&A expenses increased to $1.1 million.

Dermata Therapeutics (NASDAQ: DRMA; DRMAW) has completed a $5.0 million private placement to support clinical trials. The company is 90% enrolled in its Phase 2 trial for DMT310 targeting moderate-to-severe rosacea, with topline results expected in H2 2022. The additional funds will facilitate an end of Phase 2 meeting with FDA for DMT310's acne treatment and prepare for a Phase 3 program. As of March 31, 2022, Dermata reported $8.2 million in cash, a decrease from $10.8 million at the end of 2021, with operational expenses increasing significantly.

Dermata Therapeutics has successfully closed a private placement, raising $5.0 million through the sale of 3,773,585 shares of common stock and warrants. Each share was sold at a price of $1.325, with warrants exercisable over five years. The net proceeds will be allocated for working capital and corporate purposes. The transaction was facilitated by Maxim Group LLC as the placement agent. Dermata specializes in treatments for skin conditions and is developing its lead product candidate, DMT310, targeting acne and psoriasis.

Dermata Therapeutics announced a private placement agreement to raise approximately $5.0 million through the sale of 3,773,585 shares of common stock and warrants to a single institutional investor. Each share is priced at $1.325, with warrants exercisable for five years at the same price. The closing of this deal is anticipated around April 25, 2022, pending customary conditions. Funds will be used for working capital and general corporate purposes.

Dermata Therapeutics (NASDAQ: DRMA; DRMAW) reported significant updates in its clinical trials and financial performance for FY 2021. The DMT310 Phase 2 trial for rosacea is over two-thirds enrolled, with topline results expected in H2 2022, while a Phase 2 trial for psoriasis is anticipated to start in H1 2022. The company ended 2021 with $10.8 million in cash, up from $0.5 million in 2020. R&D expenses rose to $3.5 million from $1.6 million, and general administrative expenses increased to $4.4 million from $1.6 million. Dermata aims for an End of Phase 2 meeting with the FDA in Q1 2023.

Dermata Therapeutics reported positive topline results from its DMT310 clinical trial for mild-to-moderate psoriasis, with 29.6% of patients achieving a PGA score of 0 or 1. The company successfully closed an upsized initial public offering (IPO) raising $18.0 million and appointed notable leaders to its Board and executive team. Dermata plans to present topline results from the DMT410 study on November 19, 2021, and initiate a Phase 2 study for DMT310 in rosacea in Q4 2021. As of September 30, 2021, Dermata had $12.6 million in cash, bolstered by its recent IPO.