Dermira, Inc.


Company Name:
Dermira, Inc. 
Sector:
Healthcare 
Transaction Type:
Follow-on Offering 
Ticker Symbol:
DERM 
Deal Amount:
$144.9M
Transaction Date:
6/8/2016 
Transaction Summary:
Dermira, Inc. raised $144.9 million in its follow-on offering at $28.00 per share. Needham acted as a co-manager on the transaction. The Company’s underwriters fully exercised their option to purchase an additional 675,000 shares of common stock at the follow-on offering price to cover over-allotments. The net proceeds from the sale of the shares from the offering will be used by Dermira, Inc. will enable the Company to complete and generate topline results from their ongoing Phase 3 clinical trials for Cimzia and their planned Phase 3 clinical trials for DRM01; complete the ARIDO trial and other registration-enabling activities and submit an NDA to the FDA for potential approval related to DRM04; enable UCB to submit a supplemental Biologics License Application to the FDA for potential approval of Cimzia; and commercialize at least one of their product candidates assuming that the Company receives the necessary regulatory approvals. 
Company Description:
Dermira, Inc. (NASDAQ:DERM) is a biopharmaceutical company dedicated to identifying, developing and commercializing innovative, differentiated therapies to improve the lives of patients with dermatologic diseases. Dermira’s portfolio includes three late-stage product candidates that target significant unmet needs and market opportunities: CIMZIA® (certolizumab pegol), in Phase 3 development in collaboration with UCB Pharma S.A. for the treatment of moderate-to-severe chronic plaque psoriasis; DRM04, in Phase 3 development for the treatment of primary axillary hyperhidrosis (excessive underarm sweating); and DRM01, in Phase 2b development for the treatment of facial acne vulgaris. Dermira is headquartered in Menlo Park, California.  
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