Dermata shares are trading higher after the company announced the issuance of a new patent in Japan for its DMT410 program for the treatment of hyperhidrosis.
Portfolio Pulse from Benzinga Newsdesk
Dermata Therapeutics, Inc. (DRMA) shares have risen following the announcement of a new Japanese patent for its DMT410 program, aimed at treating hyperhidrosis.

January 04, 2024 | 9:38 pm
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Dermata Therapeutics, Inc. received a new patent in Japan for its DMT410 program, which could enhance the company's intellectual property portfolio and potentially increase its market opportunities in Japan.
The issuance of a new patent generally strengthens a company's competitive position and can lead to positive investor sentiment. For Dermata, the new patent in Japan for its DMT410 program could protect its potential revenue stream from this treatment, assuming successful development and commercialization. This news is likely to be viewed positively by investors in the short term, leading to an increase in the stock price.
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