Dermira Licenses DRM04 to Maruho for Hyperhidrosis in Japan
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Needham & Company Reiterates Buy on Dermira (DERM) Following Licensing Agreement
September 21, 2016 7:41 AM EDTNeedham & Company reiterated a Buy rating and $46.00 price target on Dermira (NASDAQ: DERM) following the company's exclusive licensing agreement with Maruho to develop and commercialize DRM04 in Japan. The licensing agreement provides DERM with $25MM in upfront cash, up to $70MM in milestone payments and sales royalties in the low-double... More
