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Dermira, Inc.

No Longer Reporting

The company has not filed an annual or quarterly report since its Q3 FY2019 10-Q, filed Nov 5, 2019. Its latest SEC filing is a SC 13G/A from Feb 16, 2021.

The sections below describe the company as of the FY2018 annual report.

What Did They Do?

Sells QBREXZA, a prescription cloth for excessive underarm sweating, and develops injectable and other therapies for chronic skin conditions for patients and physicians.

How Did They Make Money?

FY2018 revenue

Who Were Their Customers?

Dermira sells QBREXZA to wholesalers and a preferred dispensing partner, which supply pharmacies; its commercial team targets dermatologists and other healthcare practitioners.

Did Revenues Turn Into Profits?

No. It lost $221.5M in FY2018.

Operating income, FY2018
−505% of revenue
▼ −29% (Loss) vs FY2017 (−$300.3M, −6614%)
Net income, FY2018
−523% of revenue
▼ −27% (Loss) vs FY2017 (−$303.3M, −6678%)
Free cash flow, FY2018
−505% of revenue
▲ +105% (Loss) vs FY2017 (−$104.2M, −2296%)

How Were They Changing?

Since the FY2018 annual report
Latest quarter: Q3 FY2019, the three months to Sep 30, 2019
Revenue
▲ +1509%
vs $717K in Q3 FY2018
Net income
▼ −13% (Loss)
vs −$66.5M in Q3 FY2018
  • Feb 20, 2020 Lilly completed its acquisition of Dermira, making it a wholly owned subsidiary. The merger closed, Dermira became a Lilly subsidiary, and its shares were slated for delisting.
  • Jan 10, 2020 Dermira agreed to be acquired by Lilly for cash. Lilly agreed to purchase all shares for $18.75 per share in an all-cash offer, followed by a merger.

Grew. Revenue grew 5.8x in 4 years, from $7.3M in FY2014 to $42.3M in FY2018, about 55% a year.

Product portfolio The older report describes late-stage candidates for psoriasis, hyperhidrosis and acne, including Cimzia; the latest describes marketed QBREXZA for hyperhidrosis, lebrikizumab for atopic dermatitis, and early research programs.

Who Did They Compete With?

Competes with Allergan, Sientra, Cynosure, Candesant Biomedical, Ulthera, Eirion Therapeutics, Medytox, Brickell Biotech, Dr. August Wolff, GlaxoSmithKline, Dermavant Sciences, Atacama Therapeutics, Regeneron, Sanofi-Aventis Groupe, Roche, Novartis, LEO Pharma, Eli Lilly and, Pfizer, and AbbVie

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