Dermira abandons acne drug

March 5 (Reuters) - Dermira Inc said on Monday it would discontinue the development of its acne drug after it failed to meet the main goals of two late-stage studies.

The company said the drug did not show statistically significant improvement in reducing acne in patients aged nine and older in both the studies. (Reporting by Akankshita Mukhopadhyay in Bengaluru; Editing by Maju Samuel)