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Stock impact report

Evofem's birth control gel meets main study goal; shares rise [Reuters]

EVOFEM BIOSCIENCE INC (EVFM) 
Last evofem bioscience inc earnings: 3/12 08:00 am Check Earnings Report
US:NASDAQ Investor Relations: evofem.com
Company Research Source: Reuters
Evofem's birth control gel meets main study goal; shares rise | Reuters 1 Min Read (Reuters) - Evofem Biosciences Inc said on Monday its birth control gel showed effectiveness in preventing pregnancy in a late-stage study, paving the way for potential approval of the first hormone-free contraceptive gel and sending its shares up 17 percent before the bell. The gel, Amphora, works by regulating vaginal pH within the normal range of 3.5 to 4.5, creating a hostile environment to sperm and certain viral and bacterial pathogens that can cause sexually transmitted diseases. No serious side-effects were observed in the study, which evaluated about 1,400 healthy women belonging to the age group 18-35 years, Evofem said. The company plans to resubmit the marketing application for Amphora in the second quarter next year. If approved, Evofem plans to launch the gel in January 2020, providing a more convenient option than traditional birth-control methods such as pills and implants, the company s Show less Read more
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