Dermata Therapeutics: Strategic Shift and Financial Stability Support Buy Rating
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Analyst Anthony Vendetti from Maxim Group maintains a Buy rating on Dermata Therapeutics, with a $10.00 price target. Dermata plans to launch an OTC acne treatment kit in 2026, leveraging Spongilla technology. The strategic shift reduces market time and regulatory hurdles. Dermata has $4.7 million cash, no debt, and aims for broader e-commerce expansion by 2027. Despite being pre-revenue, Vendetti is confident in Dermata's future prospects.
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