Dermira jumps on Phase IIb atopic dermatitis readout
Dermira added $5.77 (84%) to $12.61 on Monday after reporting that all three doses of lebrikizumab met the primary endpoint in a Phase IIb trial to treat adults with moderate-to-severe atopic dermatitis. Dermira Inc. (NASDAQ:DERM) plans to start a Phase III program of the anti-IL-13 mAb by year end.
After market close Monday, Dermira proposed to raise $110 million in a follow-on underwritten by Citigroup, Cowen, Cantor Fitzgerald, Guggenheim Securities, Needham and H.C. Wainwright...
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