UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, DC 20549
FORM8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d)
of the Securities Exchange Act of 1934
Date of report (date of earliest event reported): October 9, 2019
DERMIRA, INC.
(Exact name of registrant as specified in its charter)
Delaware | 001-36668 | 27-3267680 | ||
(State or other jurisdiction of incorporation or organization) | (Commission File Number) | (I.R.S. Employer Identification Number) | ||
275 Middlefield Road, Suite 150 | ||||
Menlo Park, California | 94025 | |||
(Address of Principal Executive Offices) | (Zip Code) |
Registrant’s telephone number, including area code: (650)421-7200
Not Applicable
(Former Name or Former Address, if Changed Since Last Report)
Check the appropriate box below if the Form8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2 below):
☐ | Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) |
☐ | Soliciting material pursuant to Rule14a-12 under the Exchange Act (17 CFR240.14a-12) |
☐ | Pre-commencement communications pursuant to Rule14d-2(b) under the Exchange Act (17 CFR240.14d-2(b)) |
☐ | Pre-commencement communications pursuant to Rule13e-4(c) under the Exchange Act (17 CFR240.13e-4(c)) |
Securities registered pursuant to Section 12(b) of the Act:
Title of each class | Trading Symbol(s) | Name of each exchange on which registered | ||
Common Stock, $0.001 par value | DERM | The Nasdaq Global Select Market |
Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule12b-2 of the Securities Exchange Act of 1934(§240.12b-2 of this chapter).
Emerging growth company ☐
If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐
Item 8.01 | Other Events. |
On October 9, 2019, Dermira, Inc. (“Dermira”) announced dosing of the first patient in a Phase 3 study evaluating the safety and efficacy of lebrikizumab in adult and adolescent patients ages 12 and older withmoderate-to-severe atopic dermatitis. The initiation of the first Phase 3 clinical study in the lebrikizumab Phase 3 development program triggers a $7.5 million milestone payment by Almirall S.A. (“Almirall”) to Dermira pursuant to the option and license agreement between Dermira and Almirall under which Almirall acquired from Dermira the rights to develop lebrikizumab for the treatment or prevention of dermatology indications, including but not limited to atopic dermatitis, and commercialize lebrikizumab for the treatment or prevention of all indications in Europe. The $7.5 million milestone payment is part of the $30 million in aggregate milestone payments due from Almirall to Dermira in connection with the initiation by Dermira of certain Phase 3 clinical studies. The initiation of the lebrikizumab Phase 3 clinical study also triggers a $20.0 million milestone payment by Dermira to F.Hoffmann-La Roche Ltd (together with Genentech, Inc. “Roche”) pursuant to the license agreement between Dermira and Roche under which Dermira obtained exclusive, worldwide rights to develop and commercialize lebrikizumab for atopic dermatitis and all other therapeutic indications.
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, as amended, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
Dated: October 9, 2019 | DERMIRA, INC. | |||||
By: | /s/ Andrew L. Guggenhime | |||||
Name: | Andrew L. Guggenhime | |||||
Title: | Chief Financial Officer |