Friday, October 21, 2011

Dermira Finds $42M

Redwood City-based Dermira said today that it has raised $42M in a funding round, and acquired Valocor Therapeutics. The funding came from Bay City Capital, New Enterprise Associates (NEA) and Canaan Partners. Dermira is developing treatments for acne, inflammatory skin diseases, and other related dermatology related conditions. Financial details of the acquisition of Valocor were not disclosed. More information »