Dermavant Sciences Ltd. (DRMT) Announces June 20th IPO

Dermavant Sciences Ltd. (DRMT) is planning to raise $100 million in an IPO on Thursday, June 20th, IPO Scoop reports. The company will issue 7,700,000 shares at $12.00-$14.00 per share.

Dermavant Sciences Ltd. has a market-cap of $319 million.

Jefferies, SVB Leerink and Guggenheim Securities served as the underwriters for the IPO.

Dermavant Sciences Ltd. provided the following description of their company for its IPO: ”  We are a clinical-stage biopharmaceutical company dedicated to developing and commercializing innovative therapeutics in medical dermatology. We have a robust medical dermatology pipeline with both late-stage and early-development product candidates. Our pipeline targets specific unmet needs in two of the largest growing immuno-dermatology markets, psoriasis and atopic dermatitis, as well as other large markets, including vitiligo, primary focal hyperhidrosis and acne. “.

Dermavant Sciences Ltd. was founded in 2015 and has 0 employees. The company is located at Suite 1, 3rd Floor, 11-12 St. James’s Square, London SW1Y 4LB, United Kingdom and can be reached via phone at +44 (117) 918-1293 or on the web at http://www.dermavant.com.

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