JPM: Almirall maps out a busy 2026 for dermatology R&D

14 January 2026

Spanish dermatology specialist Almirall (BME: ALM) is using its appearance at the 44th JP Morgan Healthcare Conference in San Francisco to set out an active 2026 clinical agenda, leaning into proof-of-concept work across immune-driven skin diseases and pushing one bispecific antibody into first-in-human testing.

Chief executive Carlos Gallardo is steering the firm’s R&D engine toward multiple shots on goal in parallel, with a focus on new treatments for conditions with stubborn unmet need. The firm frames the plan as a step-change in pace for a company that has historically been more selective.

Almirall said it currently has three proof-of-concept/Phase II studies underway: an anti-interleukin (IL)-1RAP monoclonal antibody for hidradenitis suppurativa, an IL-2muFc mutant fusion protein for alopecia areata, and an atopic dermatitis program led by Chinese partner Simcere.

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