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Evofem Biosciences Inc - EVFM STOCK NEWS

Welcome to our dedicated news page for Evofem Biosciences (Ticker: EVFM), a resource for investors and traders seeking the latest updates and insights on Evofem Biosciences.

Our selection of high-quality news articles is accompanied by an expert summary from Rhea-AI, detailing the impact and sentiment surrounding the news at the time of release, providing a deeper understanding of how each news could potentially affect Evofem Biosciences's stock performance. The page also features a concise end-of-day stock performance summary, highlighting the actual market reaction to each news event. The list of tags makes it easy to classify and navigate through different types of news, whether you're interested in earnings reports, stock offerings, stock splits, clinical trials, fda approvals, dividends or buybacks.

Designed with both novice traders and seasoned investors in mind, our page aims to simplify the complex world of stock market news. By combining real-time updates, Rhea-AI's analytical insights, and historical stock performance data, we provide a holistic view of Evofem Biosciences's position in the market.

Rhea-AI Summary
Evofem Biosciences, Inc. (EVFM) reports third consecutive year of Phexxi net sales growth, with $18.2 million in 2023. Total operating expenses reduced by 64% from 2022 levels. Sales and marketing expense as a percentage of net sales was 54% in Q4 2023, marking significant improvement. The company entered into an agreement to be acquired by Aditxt, Inc. for accelerated growth.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-2.09%
Tags
none
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Rhea-AI Summary
Evofem Biosciences, Inc. (EVFM) reports third consecutive year of Phexxi net sales growth, with $18.2 million in 2023. Total operating expenses reduced by 64% from 2022 levels. Sales and marketing expense as a percentage of net sales was 54% in Q4 2023, marking significant improvement. The company entered into an agreement to be acquired by Aditxt, Inc. for accelerated growth.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
42.86%
Tags
none
-
Rhea-AI Summary
Evofem Biosciences successfully renegotiates Phexxi rebate with Medi-Cal, improving by 7.4% and providing price protection against future increases. The renegotiated rebate will take effect on July 1, 2024, benefiting over 15.4 million beneficiaries in California.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
5.25%
Tags
none
Rhea-AI Summary
Evofem Biosciences successfully renegotiates Phexxi rebate with Medi-Cal, improving by 7.4% and providing price protection against future increases. The renegotiated rebate will take effect on July 1, 2024, benefiting over 15.4 million beneficiaries in California.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-11.73%
Tags
none
-
Rhea-AI Summary
The use of GLP-1 receptor agonists like Ozempic, Wegovy, and Zepbound is increasing rapidly in the US, with over nine million prescriptions written in the last quarter of 2022. These drugs may reduce the effectiveness of oral birth control pills, increasing the risk of unintended pregnancies. Evofem Biosciences, Inc. (EVFM) has recently agreed to be acquired by Aditxt, Inc. (ADTX), aiming to expand its women's health product portfolio.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
13.51%
Tags
none
-
Rhea-AI Summary
The use of GLP-1 receptor agonists like Ozempic, Wegovy, and Zepbound is increasing rapidly in the US, with over nine million prescriptions written in the last quarter of 2022. These drugs may reduce the effectiveness of oral birth control pills, increasing the risk of unintended pregnancies. Evofem Biosciences, Inc. (EVFM) has recently agreed to be acquired by Aditxt, Inc. (ADTX), aiming to expand its women's health product portfolio.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
80%
Tags
none
Rhea-AI Summary
Evofem Biosciences, Inc. (EVFM) reported strong preliminary unaudited results for fiscal 2023, with record net sales of Phexxi, its hormone-free contraceptive gel, and the lowest total operating expenses since becoming a commercial stage company in 2020. The company achieved net product sales in the range of $18.1 to $18.3 million, an impressive increase compared to 2022, despite a 73% reduction in field force and absence of growth capital. Total operating expenses were reduced by more than 60% from 2022 levels, and the loss from operations improved by more than 75% versus 2022 levels. The CEO attributed the revenue growth to strong consumer demand for Phexxi and the expansion of coverage and reimbursement. Additionally, Evofem entered into a definitive agreement to be acquired by Aditxt, Inc., which is expected to accelerate its growth trajectory into a multi-product women's health franchise.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-2.86%
Tags
earnings
-
Rhea-AI Summary
Evofem Biosciences, Inc. (EVFM) reported strong preliminary unaudited results for fiscal 2023, with record net sales of Phexxi, its hormone-free contraceptive gel, and the lowest total operating expenses since becoming a commercial stage company in 2020. The company achieved net product sales in the range of $18.1 to $18.3 million, an impressive increase compared to 2022, despite a 73% reduction in field force and absence of growth capital. Total operating expenses were reduced by more than 60% from 2022 levels, and the loss from operations improved by more than 75% versus 2022 levels. The CEO attributed the revenue growth to strong consumer demand for Phexxi and the expansion of coverage and reimbursement. Additionally, Evofem entered into a definitive agreement to be acquired by Aditxt, Inc., which is expected to accelerate its growth trajectory into a multi-product women's health franchise.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
7.41%
Tags
earnings
-
Rhea-AI Summary
Evofem Biosciences, Inc. (EVFMD) celebrates the removal of Prior Authorization for Phexxi contraceptive, expanding coverage for 1.8 million Washingtonians across all Medicaid plans. The move coincides with the surge in testosterone levels for fans of the victorious Washington Huskies, following their Sugar Bowl win, and the upcoming 2024 College Football National Championship. Phexxi, the FDA-approved hormone-free contraceptive gel, is now more accessible to women under the Washington State HCA's Managed Medicaid and Fee for Service Medicaid plans, marking a significant milestone for Evofem Biosciences.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
3.77%
Tags
none
Rhea-AI Summary
Evofem Biosciences, Inc. (EVFM) and Aditxt, Inc. (ADTX) have announced a definitive agreement for Aditxt to acquire Evofem in a transaction valued at approximately $100 million. Evofem, the creator of the FDA-approved hormone-free contraceptive gel, Phexxi®, has posted $13.4 million in net sales for the first nine months of 2023. Aditxt aims to accelerate Evofem into the global non-hormonal birth control market, projected to grow from $27.7 billion in 2022 to $52.2 billion by 2031.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
60.26%
Tags
acquisition
Evofem Biosciences Inc

OTC:EVFM

EVFM Rankings

EVFM Stock Data

278.99k
10.73M
0.01%
0.96%
10.98%
Pharmaceutical Preparation Manufacturing
Manufacturing
Link
US
San Diego

About EVFM

evofem is a biotechnology company focusing on developing innovative reproductive health products for women in every global market. evofem develops and markets products that are woman-controlled, non-invasive and rapidly reversible. women need access to effective products that are well suited to their lifestyle and consistent with their core values. products include: amphora™ - a non-hormonal vaginal gel being investigated for contraceptive and microbicidal properties.