German drugmaker files $21.6M IPO for skin cancer drug
German biotech Biofrontera is looking to raise $21.6 million in a US IPO to fund development and marketing of its late-stage skin care drug.
The company is the maker of Ameluz (aminolaevulinic acid), approved by the FDA in combination with a medical device for the skin cancer precursor actinic keratosis. Now, Biofrontera aims to expand its label so it can be used in superficial basal cell carcinoma, a form of squamous cell carcinoma called Bowen’s disease, and larger treatment areas of actinic keratosis.
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