Investor Overview
Company Overview
Evofem Biosciences, Inc. is a commercial-stage biopharmaceutical company committed to commercializing innovative products to address unmet needs in women's sexual and reproductive health. The Company‘s first FDA-approved product, Phexxi® (lactic acid, citric acid and potassium bitartrate), is a hormone-free, on-demand prescription contraceptive vaginal gel.
- The U.S. contraceptive market was estimated at $8.3 billion as of 2022.
- Every 1% market share of the 43.3 million women in Evofem's addressable market represents more than $450 million in net product sales for the Company.
- 2023 marked the third consecutive year of Phexxi net sales growth.
In July 2024, Evofem acquired global rights to its second women’s health product, SOLOSEC® (secnidazole) 2g oral granules. This FDA-approved single-dose antimicrobial agent provides a complete course of therapy for the treatment of bacterial vaginosis (BV) and trichomoniasis, two common sexual health infections. Evofem plans to re-launch SOLOSEC in the U.S. in the second half of 2024, leveraging its commercial infrastructure and strong physician relationships.
Evofem intends to expand the global reach of its products and further increase its commercial potential through ex-U.S. licenses. Phexxi is approved in Nigeria, and regulatory dossiers have been submitted in Ghana, Ethiopia and Mexico.
On December 11, 2023, Evofem and Aditxt, Inc. (Nasdaq: ADTX) entered into an Agreement and Plan of Merger by and between the companies (the "Merger Agreement"). The parties amended and restated the Merger Agreement, as amended, in its entirely on July 12, 2024 (the "A&R Merger Agreement"); there have been several subsequent amendments.
Evofem believes the proposed Transaction represents a compelling opportunity to accelerate its growth trajectory, as a subsidiary of Aditxt, into a multi-product women's health franchise. The companies are working toward close in late 2024.
The Company's common stock currently trades on the OTCQB Venture Market under the ticker symbol "EVFM".