Almirall pays $30 million for EU option on Dermira candidate

12 February 2019

Spanish dermatology specialist Almirall (ALM: MC) has agreed to buy an option from California’s Dermira (Nasdaq: DERM) related to the investigational biologic lebrikizumab.

Almirall will pay $30 million for the option to exclusively license rights for the development and commercialization of the candidate, for the treatment of atopic dermatitis and certain other indications, within Europe.

Following the results of the ongoing Phase IIb study, should Almirall exercise its option, Dermira will receive a $50 million fee plus additional development, regulatory and sales milestone payments, as well as double-digit royalties.

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