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Here's Why Dermira Stock Is Soaring Today

TheMotleyFool

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Here's Why Dermira Stock Is Soaring TodayPhoto, wide shot, wide-angle lens, Clinical research organization, Blue hour, twilight, cool, ISO1200, slow shutter speed, photo by David Maisel: https://img.theapi.app/temp/0e9d087d-988e-4397-b7cf-6049e2776769.png

Shares of Dermira (NASDAQ: DERM), a dermatology-focused biopharmaceutical company, shot up in response to a potential competitor's clinical trial failure. The demise of AnaptysBio's (NASDAQ: ANAB) experimental eczema treatment has lifted Dermira's stock price 22.1% higher as of 1:55 p.m. on Friday.

Dermira's first drug, Qbrexza, a treatment for excessive underarm sweating, doesn't look as if it will generate enough sales to cover the company's operating expenses. That puts a lot of pressure on an eczema candidate called lebrikizumab that Dermira licensed from Roche (OTC: RHHBY) a couple of years ago.

Image source: Getty Images.

Source Fool.com

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