Botanix Pharmaceuticals Inc.

FDA approved various treatments including Berdazimer Gel for Molluscum Contagiosum, Dupilumab for Atopic Dermatitis, Lifileucel for Melanoma, and others for conditions like Psoriasis, Rosacea, and Alopecia. Studies highlighted advancements in dermatology treatments and safety concerns over benzene in acne products.

Immutep's phase I trial of IMP-761 shows no safety issues; PYC Therapeutics updates on Phelan-McDermid syndrome program; Percheron Therapeutics to release phase 2b Duchenne muscular dystrophy trial results. Control Bionics expects 15%+ sales surge driven by Neuronode device. Botanix Pharmaceuticals ships first US prescriptions for Sofdra anti-sweating treatment.

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DelveInsight's 'Rosacea Pipeline Insight, 2024' report highlights 25+ key companies developing 25+ pipeline drugs for Rosacea, with therapies in various stages of clinical development. Key companies include Sol-Gel Technologies, Maruho Co., Ltd., AOBiome LLC, and others. Emerging therapies like Epsolay, M 1220, and BMX-010 are expected to impact the market. Regulatory approvals and collaborations are noted, such as Sol-Gel Technologies' agreement with Searchlight Pharma Inc. and Zydus Lifesciences' FDA approval for Metronidazole Topical cream.

Botanix Pharmaceuticals Limited (AU:BOT) announced successful passage of all resolutions at their 2024 AGM, including re-election of directors and approval of incentive performance rights. The company's dermatology focus, exemplified by FDA-approved Sofdra, strengthens its market position.

Pharmaust rebrands as Neurizon Therapeutics, focusing on neuro-degenerative diseases like ALS, using repurposed animal drug monepantel. The company plans a pivotal phase II/III trial with FDA fast-track approval potential, supported by a $900,000 grant from Fight MND.

The global dermatology drugs market is projected to reach $50.42 billion by 2032 from $19.71 billion in 2023, driven by innovations in AI, genomics, and personalized medicine. Key players like Novartis, Pfizer, and Johnson & Johnson lead with advanced treatments, while Europe's high prevalence of skin conditions and robust healthcare infrastructure support market growth.