The Thrill of Victory: Dermata Therapeutics, Inc.
DRMAW has unveiled exhilarating news for investors with its soaring performance in Thursday’s after-hours trading session, following the revelation of a groundbreaking achievement. The company proudly announced the issuance of a new patent in Japan, a significant milestone for its DMT410 program targeting the treatment of hyperhidrosis.

What To Know: The announcement of the patent issuance marks a pivotal moment for Dermata, being its foremost patent for DMT410. The program harnesses the potential of the company’s Spongilla technology to administer botulinum toxin topically in the treatment of the condition.

Furthermore, discussions about partnership opportunities to advance the development of DMT410 have been initiated, underlining the widespread impact of this revolutionary program.

In the words of Gerry Proehl, Dermata’s chairman, president, and CEO, “We believe this patent issuance further validates DMT410’s novel concept to easily deliver botulinum toxin topically instead of requiring patients to receive multiple injections.” He expressed the company’s excitement about the potential of the DMT410 program to not only treat axillary hyperhidrosis, as evidenced in their proof-of-concept study, but also potentially address palmar and plantar hyperhidrosis, for which there are currently no approved products.

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DRMA Price Action: The after-hours session witnessed Dermata’s stock climbing by an impressive 96.7%, reaching $1.20, at the time of this publication, according to Benzinga Pro. This remarkable surge underscores the market’s recognition of the immense potential of Dermata’s innovative breakthrough in Japan.

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