FDA approval for excessive underarm sweating drug Qbrexza
Shares in California, USA-based Dermira (Nasdaq: DERM) rose 9.73% to $10.88 a share in early trading Friday (with a 25% spike pre-market), after the company reported it had received approval from the US Food and Drug Administration for its new wipe designed to treat patients with excessive underarm sweating.
The FDA approved Dermira’s Qbrexza (glycopyrronium) cloth, an anticholinergic indicated for the topical treatment of primary axillary hyperhidrosis in adult and pediatric patients nine years of age and older.
The news comes as a respite for Dermira, which this year has had two Phase III failures for its acne treatment olumacostat glasaretil in March.
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