Welcome to our dedicated page for Therapeuticsmd news (Ticker: TXMD), a resource for investors and traders seeking the latest updates and insights on Therapeuticsmd stock.
TherapeuticsMD, Inc. reports recurring updates about its pharmaceutical royalty business, which owns rights to royalties from licensed pharmaceutical products and no longer conducts research and development or commercial operations. The company’s news is centered on license revenue, primarily under the Mayne License Agreement, changes in sales of licensed products, operating expense levels after its transition to a royalty-based model, and results from continuing operations.
TherapeuticsMD also provides corporate strategy updates, including disclosures about its ongoing evaluation of strategic alternatives. Its historical context includes a December 2022 shift from a women’s healthcare commercialization business to a company focused on collecting royalties from licensees.
TherapeuticsMD (NASDAQ: TXMD) has successfully completed the $150 million divestiture of vitaCare Prescription Services to GoodRx (NASDAQ: GDRX). This strategic move, initially announced on March 6, 2022, allows TXMD to concentrate on its women's health portfolio. The company could also receive an additional $7 million based on vitaCare's 2023 financial performance. CEO Hugh O’Dowd emphasized the importance of this transaction in enhancing value for shareholders and patients.
TherapeuticsMD, Inc. (TXMD) has reached a definitive agreement to divest its vitaCare business unit, allowing the company to concentrate on women's healthcare. CEO Hugh O’Dowd stated this move supports their goal to empower women through affordable healthcare solutions. In Q4 2021, TXMD reported total revenue of $18.7 million, down from $22.6 million in Q4 2020, driven by decreased sales of ANNOVERA and IMVEXXY. Net loss for the quarter was $43 million, or $0.10 per share. The company amended credit terms to enhance financial flexibility. Conference call scheduled for 8:30 a.m. ET today.
TherapeuticsMD has agreed to divest its vitaCare Prescription Services business to GoodRx for $150 million in cash, plus up to $7 million contingent on vitaCare's 2023 performance. The deal is set to close in Q2 2022, allowing TXMD to focus on its core women's health business. CEO Hugh O’Dowd expressed confidence in GoodRx's ability to enhance patient access. TXMD will discuss this transaction in its earnings call on March 10, 2022.
TherapeuticsMD, Inc. (NASDAQ: TXMD) will report its Q4 2021 financial results on March 10, 2022, before the U.S. markets open. Executive management will hold a conference call and webcast at 8:30 a.m. ET to discuss the results.
Interested parties can access the conference via a toll-free number or through a webcast link provided. A replay will be available for 30 days on the company's website.
Galderma, the largest independent dermatology company, announced the appointment of Karen L. Ling to its Advisory Committee, effective March 1, 2022. Ms. Ling brings over 25 years of global human resources experience from executive positions at AIG, Allergan, Merck, and Wyeth, focusing on talent management and organizational culture. Currently, she serves on the Boards of iRhythm Technologies (NASDAQ: IRTC) and TherapeuticsMD (NASDAQ: TXMD). Both Thomas Ebeling and Flemming Ørnskov expressed enthusiasm about her joining, highlighting her strengths in human capital management and diversity initiatives.
TherapeuticsMD, Inc. (NASDAQ:TXMD) announced that the FDA denied proposed revisions to the manufacturing testing limits for ANNOVERA through a Supplemental New Drug Application (sNDA). The FDA provided recommendations for further information to support future revisions. As a result, the company will continue to supply ANNOVERA under the existing manufacturing specifications approved in its original NDA. ANNOVERA is recognized as a long-lasting, reversible birth control option approved by the FDA in August 2018.
TherapeuticsMD, Inc. (NASDAQ: TXMD) has settled its U.S. patent litigation concerning BIJUVA® with Amneal Pharmaceuticals. The settlement allows Amneal to commercially launch its generic version of BIJUVA by May 25, 2032, or sooner under specific conditions. The litigation had been ongoing since 2020 and stemmed from Amneal's attempt to market a generic variant before the patent expiration date of November 21, 2032. CEO Rob Finizio emphasizes the strength of the patent estate for BIJUVA, despite the early settlement.
TherapeuticsMD, Inc. (TXMD) reported Q3 2021 financial results, showing a total net product revenue of $24.5 million, up 41.1% from Q3 2020. ANNOVERA prescriptions rose by 62.7%, totaling 8,351 prescriptions. The company plans a $40 million cost reduction initiative for 2022, with an additional $20 million expected from divesting vitaCare. Hugh O'Dowd is appointed CEO. Despite revenue growth, the net loss increased to $47.4 million. Manufacturing issues related to ANNOVERA could impact future revenue covenants.
TherapeuticsMD has announced significant leadership changes, appointing Hugh O’Dowd as the new Chief Executive Officer, effective on or before December 31, 2021. He succeeds Robert G. Finizio, who will transition to Vice Chair of the Board. O’Dowd, previously President and CEO of Neon Therapeutics, has a strong track record in the pharmaceutical industry. Finizio expressed confidence in O’Dowd's capabilities to advance the company’s growth and mission in women’s healthcare, addressing unique challenges throughout various life stages.
TherapeuticsMD, Inc. (NASDAQ: TXMD) will announce its third quarter 2021 financial results on November 11, 2021, before U.S. markets open. A conference call is scheduled for 8:30 a.m. ET on the same day, providing insights into the results and business updates. Investors can access the call by dialing 866-665-9531 (US) or 724-987-6977 (international) with Conference ID 6341637. A live webcast will also be available on the company's website, with a replay accessible for 30 days.