Dermira drops acne drug after surprising trial failure

Mar 05, 2018

Dermira Inc. had high hopes for a new acne treatment it was developing after positive results from two phase 2 trials.

But on Monday, the company stunned Wall Street by announcing that it is abandoning development for the drug, called olumacostat glasaretil, after results from a new study indicated that the treatment showed no improvement in moderate to severe acne.

The market for acne is estimated to be worth $3.3 billion and several companies, including Novan Inc. and Foamix Inc., are in the hunt for new treatments.

Shares for Dermira tanked by about 63 percent on Monday following the announcement.

Read the full Reuters report.

Show Comments
Hide Comments

Join the discussion

We welcome your thoughtful comments.
All comments will display your user name.

Want to participate in the discussion?

Register for free

Log in for complete access.

Comments

No one has commented on this page yet.

RSS feed for comments on this page | RSS feed for all comments