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Emrosi access reaches 85% of U.S. commercial lives at Journey Medical (Nasdaq: DERM)

Filing Impact
(Moderate)
Filing Sentiment
(Neutral)
Form Type
8-K

Rhea-AI Filing Summary

Journey Medical Corporation reported a major expansion in payer coverage for Emrosi™, its oral treatment for inflammatory lesions of rosacea in adults. After securing a contract with a third major group purchasing organization, Emrosi™ payer access increased from approximately 100 million to over 150 million commercial lives as of April 1, 2026.

The company states that about 85% of all commercial lives in the United States now have access to Emrosi™, which it expects will support growth in total prescriptions, broader formulary adoption through 2026 and beyond, and reduced reliance on its co-pay bridging program.

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Insights

Expanded Emrosi™ coverage meaningfully broadens U.S. access and could support prescription growth.

Journey Medical has contracted Emrosi™ with a third major group purchasing organization, raising payer access from about 100 million to over 150 million commercial lives. The company now estimates approximately 85% of U.S. commercial lives can access Emrosi™.

This significantly enlarges the drug’s reimbursed market and may help convert awareness into prescriptions as health plans adopt Emrosi™ on formularies at national and regional levels through 2026 and beyond. Management also highlights the potential for improved brand profitability as formulary adoption grows.

Actual revenue impact will depend on formulary positioning, physician uptake and patient adherence. Subsequent company filings and updates discussing Emrosi™ prescription trends and margin performance will provide concrete evidence of how this expanded access translates into financial results.

Item 8.01 Other Events Other
Voluntary disclosure of events the company deems important to shareholders but not covered by other items.
Item 9.01 Financial Statements and Exhibits Exhibits
Financial statements, pro forma financial information, and exhibit attachments filed with this report.
Emrosi commercial lives before expansion approximately 100 million commercial lives Payer access prior to third GPO contract
Emrosi commercial lives after expansion over 150 million commercial lives Payer access as of April 1, 2026
Share of U.S. commercial lives with access approximately 85% Emrosi access in U.S. commercial market
Americans with rosacea over 17 million Estimated U.S. rosacea prevalence
Global rosacea prevalence as many as 415 million people Estimated worldwide rosacea population
Branded dermatology drugs eight FDA-approved prescription drugs Size of Journey Medical marketed portfolio
group purchasing organization (GPO) financial
"after contracting with the third major group purchasing organization (GPO)"
A group purchasing organization (GPO) is an entity that negotiates bulk buying deals for a group of buyers—often hospitals, clinics, or businesses—so members can get lower prices and better terms than they could alone. Investors care because GPOs can reduce costs for member buyers, influence supplier pricing and market share, and create recurring revenue or buying power that affects profit margins and competitive dynamics in industries like healthcare and retail; think of a GPO as a club that pools orders to get wholesale prices.
commercial lives financial
"payer access for Emrosi™ expanded from approximately 100 million commercial lives to over 150 million commercial lives"
formulary adoption financial
"Our efforts remain on health plan formulary adoption, on both a national and regional level"
co-pay bridging program financial
"we expect there to be less reliance on our co-pay bridging program and an improvement in profitability"
A co-pay bridging program temporarily covers or reduces a patient’s out-of-pocket cost for a prescription until insurance, assistance programs, or long-term coverage takes effect. Think of it like a short-term loan or coupon that removes the immediate price barrier so more patients can start a treatment; for investors this can speed sales uptake, improve revenue predictability, and carry costs or regulatory scrutiny that affect a drug maker’s margins and reputation.
forward-looking statements regulatory
"This press release may contain “forward-looking statements” within the meaning of Section 27A"
Forward-looking statements are predictions or plans that companies share about what they expect to happen in the future, like estimating sales or profits. They matter because they help investors understand a company's outlook, but since they are based on guesses and assumptions, they can sometimes be wrong.
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UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

WASHINGTON, D.C. 20549

 

 

FORM 8-K

 

 

CURRENT REPORT

 

Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934

 

Date of Report (Date of earliest event reported): April 21, 2026

 

Journey Medical Corporation

(Exact Name of Registrant as Specified in Charter)

 

Delaware  001-41063  47-1879539
(State or Other Jurisdiction
of Incorporation)
  (Commission File Number)  (I.R.S. Employer
Identification No.)

 

9237 E Via de Ventura Blvd., Suite 105

Scottsdale, AZ 8525

(Address of principal executive offices)

 

Registrant’s telephone number, including area code: (480) 434-6670

 

Check the appropriate box below if the Form 8-K is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

 

¨Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
  
¨Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
  
¨Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
  
¨Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

 

Securities registered pursuant to Section 12(b) of the Act:
 
Title of each class Trading Symbol(s) Name of each exchange
on which registered
Common Stock DERM The Nasdaq Capital Market

 

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).

 

Emerging growth company   x

 

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ¨

 

 

 

 

 

 

Item 8.01 Other Events.

 

On April 21, 2026, Journey Medical Corporation (the “Company”) announced an expansion in pharmacy benefit coverage for Emrosi™ (40 mg Minocycline Hydrochloride Modified-Release Capsules, 10 mg immediate release and 30 mg extended release), the Company’s treatment for the inflammatory lesions of rosacea in adults. A copy of the press release issued by the Company is attached hereto as Exhibit 99.1 and incorporated herein by reference.

 

Item 9.01. Financial Statements and Exhibits.

 

(d) Exhibits.

 

The following exhibits are furnished herewith:

 

Exhibit
Number
  Description
99.1   Press release issued by Journey Medical Corporation, dated April 21, 2026
104   Cover Page Interactive Data File, formatted in Inline Extensible Business Reporting Language (iXBRL).

 

 

 

  

SIGNATURES

 

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

 

  Journey Medical Corporation
  (Registrant)
   
  By: /s/ Claude Maraoui
    Claude Maraoui
    Chief Executive Officer, President and Director

 

Date: April 21, 2026

 

 

 

Exhibit 99.1

 

 

Journey Medical Corporation Secures Contract with Third Major GPO for Emrosi™

 

Payer access for Emrosi™ expanded from approximately 100 million commercial lives to over 150 million commercial lives as of April 1, 2026

 

Scottsdale, AZ – April 21, 2026 – Journey Medical Corporation (Nasdaq: DERM) (“Journey Medical” or “the Company”, “we”, or “our”), a commercial-stage pharmaceutical company primarily focused on developing, selling and marketing FDA-approved prescription pharmaceutical products for the treatment of dermatological conditions, today announced that approximately 85% of all commercial lives in the United States now have access to Emrosi(40 mg Minocycline Hydrochloride Modified-Release Capsules, 10 mg immediate release and 30 mg extended release) after contracting with the third major group purchasing organization (GPO). Emrosiis for the treatment of inflammatory lesions of rosacea in adults. Journey Medical continues to execute on the launch of Emrosi, with expanded payer access anticipated to facilitate further growth in total prescription demand.

 

“We are extremely pleased with the completion of this milestone for Emrosi™,” said Claude Maraoui, Co-Founder, President, and CEO of Journey Medical Corporation. “Our focus on delivering cost-effective access to high-quality dermatology therapies is expected to expand coverage and improve patient access, positioning Emrosi™ for sustained commercial growth. Now that our contracts have been secured with the three major GPOs, we look forward to continuing to increase coverage for Emrosi™ for patients nationwide by converting access into coverage. Our efforts remain on health plan formulary adoption, on both a national and regional level, throughout 2026 and beyond, supporting Emrosi’s™ potential to become the standard of care in rosacea and driving long-term value creation. As formulary adoption continues to increase, we expect there to be less reliance on our co-pay bridging program and an improvement in profitability for the brand.”

 

About Rosacea

 

Rosacea is a chronic, relapsing, inflammatory skin condition that most commonly presents with symptoms such as deep facial redness, acne-like inflammatory lesions (papules and pustules) and spider veins (telangiectasia). According to The National Rosacea Society, it is estimated that rosacea affects over 17 million Americans and as many as 415 million people worldwide. Rosacea is most frequently seen in adults between 30 and 50 years of age. Surveys conducted by The National Rosacea Society report that more than 90 percent of rosacea patients said their condition had lowered their self-confidence and self-esteem, and 41 percent stated that it had caused them to avoid public contact or cancel social engagements. Among rosacea patients with severe symptoms, 88 percent said the disorder had adversely affected their professional interactions, and 51 percent said they had missed work because of their condition.

 

 

 

 

Important Safety Information

 

Indication: EMROSI™ is indicated for the treatment of inflammatory lesions (papules and pustules) of rosacea in adults. Adverse Events: The most common adverse reaction reported by ≥1% of subjects treated with EMROSI and more frequently than in subjects receiving placebo was dyspepsia. Contraindications: EMROSI should not be taken by patients who have a history of hypersensitivity to any of the tetracyclines. Warnings/Precautions: Cases of anaphylaxis, serious skin reactions (e.g., Stevens-Johnson syndrome), erythema multiforme, and drug rash with eosinophilia and systemic symptoms (DRESS) syndrome have been reported postmarketing with minocycline use in patients with acne. If DRESS syndrome is recognized, discontinue EMROSI immediately. Use during the second and third trimesters of pregnancy, infancy and childhood up to the age of 8 years may cause permanent discoloration of the teeth and reversible inhibition of bone growth. Discontinue EMROSI use if Antibiotic-Associated Colitis occurs. Discontinue EMROSI if liver injury is suspected. Patients experiencing light-headedness, dizziness or vertigo should be cautioned about driving vehicles or operating heavy machinery. Clinical manifestations include headache, blurred vision, diplopia, and vision loss. Discontinue EMROSI immediately if symptoms occur. Symptoms may be manifested by fever, rash, arthralgia, and malaise. Discontinue EMROSI immediately if symptoms occur. Patients should minimize or avoid exposure to natural or artificial sunlight while using EMROSI. Tetracycline-class antibiotics are known to cause hyperpigmentation. EMROSI may induce hyperpigmentation in many organs, including nails, bone, skin, eyes, thyroid, visceral tissue, oral cavity, sclerae and heart valves. Because of the potential for drug-resistant bacteria to develop during the use of EMROSI, use EMROSI only as indicated. If superinfection occurs, discontinue EMROSI and institute appropriate therapy. Perform periodic laboratory evaluations of organ systems, including hematopoietic, renal and hepatic studies. You are encouraged to report negative side effects of prescription drugs to the FDA. Visit www.fda.gov/medwatch or call 1-800-FDA-1088.

 

For full prescribing information, please visit www.emrosi.com.

 

About Journey Medical Corporation

 

Journey Medical Corporation (Nasdaq: DERM) (“Journey Medical”) is a commercial-stage pharmaceutical company that primarily focuses on developing, selling and marketing FDA-approved prescription pharmaceutical products for the treatment of dermatological conditions through its efficient sales and marketing model. The Company currently markets eight branded FDA-approved prescription drugs that help treat and heal common skin conditions. The Journey Medical team comprises industry experts with extensive experience in developing and commercializing some of dermatology’s most successful prescription brands. Journey Medical is located in Scottsdale, Arizona and was founded by Fortress Biotech, Inc. (Nasdaq: FBIO). Journey Medical’s common stock is registered under the Securities Exchange Act of 1934, as amended, and it files periodic reports with the U.S. Securities and Exchange Commission (“SEC”). For additional information about Journey Medical, visit www.journeymedicalcorp.com.

 

Forward-Looking Statements

 

This press release may contain “forward-looking statements” within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. As used below and throughout this press release, the words “the Company”, “we”, “us” and “our” may refer to Journey Medical. Such statements include, but are not limited to, any statements relating to our growth strategy and product development programs and any other statements that are not historical facts. The words “anticipate,” “believe,” “continue,” “estimate,” “may,” “expect,” “will,” “could,” “project,” “intend,” “potential” and similar expressions are generally intended to identify forward-looking statements. Forward-looking statements are based on management’s current expectations and are subject to risks and uncertainties that could negatively affect our business, operating results, financial condition and stock price. Factors that could cause actual results to differ materially from those currently anticipated include: the fact that our products and future product candidates are subject to time and cost intensive regulation and clinical testing and as a result, may never be successfully developed or commercialized; a substantial portion of our sales derive from products that may become subject to third-party generic competition because their period of exclusivity has ended or they are without patent protection, subjecting them to the potential introduction of new competitor products and/or an increase in market share of existing competitor products, either of which could have a significant adverse impact on our operating income; we operate in a heavily regulated industry, and we cannot predict the impact that any future legislation or administrative or executive action may have on our operations; our revenue is dependent mainly upon sales of our dermatology products and any setback relating to the sale of such products could impair our operating results; competition could limit our products’ commercial opportunity and profitability, including competition from manufacturers of generic versions of our products; the risk that our products do not achieve broad market acceptance, including by government and third-party payors; our reliance on third parties for several aspects of our operations; our dependence on our ability to identify, develop, and acquire or in-license products and integrate them into our operations, at which we may be unsuccessful; the dependence of the success of our business, including our ability to finance our company and generate additional revenue, on the successful commercialization of EmrosiTM and any future product candidates that we may develop, in-license or acquire; clinical drug development is very expensive, time consuming, and uncertain and our clinical trials may fail to adequately demonstrate the safety and efficacy of our current or any future product candidates; our competitors could develop and commercialize products similar or identical to ours; risks related to the protection of our intellectual property and our potential inability to maintain sufficient patent protection for our technology and products; our business and operations would suffer in the event of computer system failures, cyber-attacks, or deficiencies in our or our third parties’ cybersecurity; the substantial doubt about our ability to continue as a going concern; the effects of major public health issues, epidemics or pandemics on our product revenues and any future clinical trials; our potential need to raise additional capital; Fortress controls a voting majority of our common stock, which could be detrimental to our other shareholders; as well as other risks described in Part I, Item 1A, “Risk Factors,” in our Annual Report on Form 10-K for the year ended December 31, 2025, subsequent Reports on Form 10-Q, and our other filings we make with the SEC. We expressly disclaim any obligation or undertaking to release publicly any updates or revisions to any forward-looking statements contained herein to reflect any change in our expectations or any changes in events, conditions or circumstances on which any such statement is based, except as may be required by law, and we claim the protection of the safe harbor for forward-looking statements contained in the Private Securities Litigation Reform Act of 1995.

 

 

 

 

Company Contact:

Jaclyn Jaffe

(781) 652-4500

ir@jmcderm.com

 

Media Relations Contact:

Tony Plohoros

6 Degrees

(908) 591-2839

tplohoros@6degreespr.com

 

 

 

FAQ

What did Journey Medical (DERM) announce regarding Emrosi coverage?

Journey Medical announced expanded payer coverage for Emrosi™, its rosacea treatment. After contracting with a third major group purchasing organization, Emrosi access rose from about 100 million to over 150 million commercial lives, significantly broadening reimbursed availability across U.S. commercial health plans.

How many U.S. commercial lives now have access to Emrosi from Journey Medical (DERM)?

Over 150 million U.S. commercial lives now have access to Emrosi™. Journey Medical estimates this represents about 85% of all commercial lives nationwide, reflecting substantial progress in contracting and payer acceptance for the rosacea therapy across major group purchasing organizations.

How might expanded Emrosi access affect Journey Medical’s profitability?

Journey Medical expects broader Emrosi™ formulary adoption to eventually reduce reliance on its co-pay bridging program. As more plans add Emrosi to formularies and coverage deepens, management anticipates improved brand profitability driven by reimbursed prescriptions rather than heavy patient support discounts.

What condition does Emrosi from Journey Medical (DERM) treat?

Emrosi™ is indicated for treating inflammatory lesions (papules and pustules) of rosacea in adults. Rosacea is a chronic inflammatory skin condition characterized by facial redness and acne-like lesions, affecting an estimated 17 million Americans and up to 415 million people worldwide.

What are key safety considerations for Emrosi, Journey Medical’s rosacea drug?

Emrosi™ carries class warnings for tetracyclines, including risks of serious skin reactions, DRESS, liver injury, tooth discoloration in young patients, photosensitivity and hyperpigmentation. The label advises discontinuation if severe symptoms occur and recommends periodic lab monitoring of hematopoietic, renal and hepatic systems.

How does Emrosi’s expanded coverage fit into Journey Medical’s broader portfolio?

Journey Medical currently markets eight branded FDA-approved dermatology drugs. Expanding Emrosi™ coverage strengthens its rosacea franchise within this portfolio, aligning with its commercial model focused on marketing prescription skin therapies through an experienced dermatology sales and marketing team in the United States.

Filing Exhibits & Attachments

4 documents