Dermira Announces Proposed Public Offering of Common Stock

MENLO PARK, Calif., Feb. 28, 2017 -- Dermira, Inc. (NASDAQ:DERM), a biopharmaceutical company dedicated to bringing biotech ingenuity to medical dermatology by delivering differentiated, new therapies to the millions of patients living with chronic skin conditions, today announced that it intends to offer 3,700,000 shares of its common stock in an underwritten public offering. Dermira also expects to grant to the underwriters a 30-day option to purchase up to 555,000 additional shares of its common stock in the offering.  All of the shares will be offered and sold by Dermira. The offering is subject to market and other conditions, and there can be no assurance as to whether or when the offering may be completed, or as to the actual size or terms of the offering.

Leerink Partners LLC, Evercore Group L.L.C and Guggenheim Securities, LLC are acting as joint book-running managers for the offering. Needham & Company, LLC is acting as co-manager.

The public offering will be made pursuant to a shelf registration statement on Form S-3 that was filed by Dermira with the Securities and Exchange Commission (“SEC”) and became automatically effective on February 28, 2017.  A preliminary prospectus supplement and accompanying prospectus relating to and describing the terms of the offering will be filed with the SEC and will be available on the SEC’s website at www.sec.gov. When available, copies of the preliminary prospectus supplement and accompanying prospectus may be obtained from Leerink Partners LLC, Attention: Syndicate Department, One Federal Street, 37th Floor, Boston, MA 02110, or by email at [email protected], or by telephone at 800-808-7525, ext. 6142; Evercore Group L.L.C., Attention: Equity Capital Markets, 55 East 52nd Street, 36th Floor, New York, NY 10055, or by email at [email protected]; or Guggenheim Securities, LLC, Attention: Equity Syndicate Department, 330 Madison Avenue, 8th Floor, New York, NY 10017, or by email at [email protected], or by telephone at 212-518-9658.

This press release shall not constitute an offer to sell or a solicitation of an offer to buy Dermira’s common stock, nor shall there be any sale of Dermira’s common stock in any state or jurisdiction in which such an offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction. 

Forward-Looking Statements 

The information in this press release contains forward-looking statements and information within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, which are subject to the “safe harbor” created by those sections. This press release contains forward-looking statements that involve substantial risks and uncertainties, including statements regarding the Dermira’s intention to conduct an offering of its shares of common stock. These statements deal with future events and involve known and unknown risks, uncertainties and other factors that may cause our achievements to be materially different from the information expressed or implied by these forward-looking statements. For a discussion of important factors that may cause our actual achievements to differ materially from those expressed or implied by Dermira’s forward-looking statements, you should refer to the section entitled “Risk Factors” set forth in Dermira’s Annual Report on Form 10-K and other filings Dermira makes with the SEC from time to time. Furthermore, such forward-looking statements speak only as of the date of this press release. We undertake no obligation to publicly update any forward-looking statements or reasons why actual results might differ, whether as a result of new information, future events or otherwise, except as required by law.

Contacts:

Media:  
Erica Jefferson
Senior Director, Head of Corporate Communications
650-421-7216
[email protected]

Investors:
Andrew Guggenhime
Chief Operating Officer and Chief Financial Officer 
650-421-7200
[email protected]

Robert H. Uhl
Westwicke Partners
Managing Director
858-356-5932
[email protected]