Shares of Dermira, Inc. (DERM - Free Report) have increased by about 5% in the past week, after the FDA approved its 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.
Primary axillary hyperhidrosis, also commonly known as excessive underarm sweating, is a chronic medical skin condition that results in sweating beyond what is needed for normal body temperature regulation. The approval is based on results from two phase III studies, ATMOS-1 and ATMOS-2. Both trials evaluated the absolute change from baseline in sweat production with Qbrexza use and determined the proportion of patients who achieved at least a 4-point improvement from baseline on the Axillary Sweating Daily Diary instrument.
The news also comes as a respite for Dermira, as in March 2018 the company’s investigational treatment olumacostat glasaretil did not meet the co-primary endpoints in its two phase III studies (CLAREOS-1 and CLAREOS-2) in patients aged nine years and older with moderate-to-severe acne vulgaris..
The approval will be a big boost for the company’s revenues.
Year to date, shares of the company have decreased 66.9% against the industry’s gain of 3.9%.
Zacks Rank & Stocks to Consider
Dermira has a Zacks Rank #4 (Sell).
Some better-ranked stocks from the same space are Jazz Pharmaceuticals Plc. (JAZZ - Free Report) , Aeglea BioTherapeutics, Inc. (AGLE - Free Report) and ANI Pharmaceuticals, Inc. (ANIP - Free Report) . All of them carry a Zacks Rank #2 (Buy). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
Jazz’s earnings per share estimates have moved up from $13.02 to $13.09 for 2018 and from $15.17 to $15.21 for 2019 over the past 60 days. The company delivered a positive earnings surprise in two of the trailing four quarters with an average beat of 3.21%. The stock has rallied 31.1% so far this year.
Aeglea’s loss per share estimates have narrowed from $1.93 to $1.67 for 2018 and from $3.86 to $3.57 for 2019 over the past 60 days. The company delivered a positive earnings surprise in three of the trailing four quarters with an average beat of 19.32%. The stock has rallied 88.9% so far this year.
ANI Pharmaceuticals’earnings per share estimates have moved up from $5.54 to $5.70 for 2018 and from $5.72 to $6.15 for 2019 over the past 60 days. The company delivered a positive earnings surprise in three of the trailing four quarters with an average beat of 8.69%. The stock has rallied 5.7% so far this year.
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