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Dermira Shares Rocket After Successful Phase II Eczema Treatment Study

Martin Baccardax

shares more than doubled Monday after the group said its new eczema treatment passed a key study in adult patients with moderate-to-severe atopic dermatitis. Dermira, which acquired the development rights to lebrikizumab, from which the treatment is based, from Swiss pharma giant Roche in 2016, said all three doses of lebrikzumab met the primary endpoint with statistical significant in the phase II study. Dermira could use the results to launch a sustained challenger into the global market for atopic dermatitis treatments, which analysts estimate could hit $7.66 billion by 2021.