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Dermata Therapeutics Provides Corporate Update and Reports Year End 2024 Financial Results

1. Dermata to announce Phase 3 trial results by March 2025. 2. The company raised $2.55 million from private placement financing.

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FAQ

Why Bullish?

Positive clinical trial outcomes typically lead to stock appreciation; previous biotech success stories illustrate such trends.

How important is it?

The upcoming trial results significantly influence investor sentiment and potential future revenue streams.

Why Long Term?

Long-term prospects hinge on successful trial results; historical examples show sustained stock interest post-clinical success.

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- Dermata expects to announce topline results from its XYNGARI™ Phase 3 Spongilla Treatment of Acne Research (STAR-1) clinical trial by end of March 2025 - - The Company recently entered into a Clinical Trial Collaboration Agreement with Revance Therapeutics (recently merged with Crown Laboratories) to study DMT410 for the treatment of axillary hyperhidrosis -  - Raised $2.55 million in gross proceeds from a private placement financing in January 2025, including participation from Dermata's Chief Executive Officer, Chief Financial Officer, and certain members of the Company's board of directors - SAN DIEGO, CA / ACCESS Newswire / March 17, 2025 / Dermata Therapeutics, Inc. (NASDAQ:DRMA)(NASDAQ:DRMAW) ("Dermata," or the "Company"), a late-stage biotechnology company focused on the treatment of medical skin diseases and aesthetic applications, today highlighted recent corporate progress and reported financial results for the year ended December 31, 2024. "I am very proud of what our team has accomplished this year, and we are excited to unblind the topline data from our XYNGARI™ Phase 3 STAR-1 trial in the coming weeks," commented Gerry Proehl, Dermata's Chairman, President, and Chief Executive Officer.

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