checkAd

EQS-News Women’s Healthcare Company Agile Therapeutics Says It Believes It Has An Effective Business Plan In Place For Growth And Generating Positive Cash Flow

EQS-News: Agile Therapeutics, Inc.
Women’s Healthcare Company Agile Therapeutics Says It Believes It Has An Effective Business Plan In Place For Growth And Generating Positive Cash Flow

15.11.2022 / 14:15 CET/CEST
The issuer is solely responsible for the content of this announcement.


Agile Therapeutics Inc. (NASDAQ: AGRX) is on a journey to fulfill the unmet health needs of women with products designed to provide them with contraceptive options.

The company’s product and product candidates are designed to provide women with contraceptive options that offer freedom from taking a daily pill without committing to a longer-acting method.

Twirla

Agile’s initial product Twirla (levonorgestrel and ethinyl estradiol) transdermal system, is a nondaily prescription contraceptive based on the company’s proprietary transdermal patch technology called Skinfusion, which is designed to allow drug delivery through the skin.

The Twirla transdermal system is a once-weekly combined hormonal contraceptive (CHC) patch that contains the active ingredients levonorgestrel (LNG), a type of progestin, and ethinyl estradiol (EE), a type of estrogen.

The patch is used as a contraceptive by women with a body mass index (BMI) less than 30 kilograms per meter (kg/m2) for whom a combined hormonal contraceptive is appropriate. It is less effective in women with a BMI of 25 or more.

Q3 Financial Results And Corporate Update

On Nov. 7, Agile released financial results for the three months that ended Sept. 30 and provided a corporate update.

Financial Results Highlights:
  • Net revenue: Twirla delivered $3.0 million in net revenue for the third quarter of 2022. This was an increase of 43% from the second quarter of 2022 – the largest quarter-over-quarter increase the Company has achieved.

  • Cost of product revenue: Cost of product revenue totaled $1.4 million and consisted of direct and indirect costs related to the manufacturing of Twirla sold, compared to $2.7 million for the third quarter of 2021 – a decrease of 47%. The decrease reflects the elimination of an inventory obsolescence reserve, which the company established in the third quarter of 2021.

    Seite 1 von 4




0 Kommentare
Nachrichtenquelle: EQS Group AG
 |  484   |   |   

Schreibe Deinen Kommentar

Disclaimer

EQS-News Women’s Healthcare Company Agile Therapeutics Says It Believes It Has An Effective Business Plan In Place For Growth And Generating Positive Cash Flow EQS-News: Agile Therapeutics, Inc. Women’s Healthcare Company Agile Therapeutics Says It Believes It Has An Effective Business Plan In Place For Growth And Generating Positive Cash Flow 15.11.2022 / 14:15 CET/CEST The issuer is solely responsible …

Nachrichten des Autors

1028 Leser
256 Leser
248 Leser
228 Leser
224 Leser
208 Leser
188 Leser
184 Leser
184 Leser
180 Leser
1028 Leser
616 Leser
504 Leser
492 Leser
484 Leser
428 Leser
360 Leser
360 Leser
360 Leser
348 Leser
2240 Leser
1564 Leser
1276 Leser
1068 Leser
1064 Leser
1056 Leser
1028 Leser
928 Leser
832 Leser
816 Leser
2405 Leser
2343 Leser
2240 Leser
2225 Leser
2172 Leser
2115 Leser
2029 Leser
1861 Leser
1717 Leser
1705 Leser