Evofem Biosciences

Evofem Biosciences

EVFM
Is this your company? Claim your profile to update info and connect with investors.
Claim profile

EVFM · Stock Price

USD 0.01-0.00 (-33.33%)
Market Cap: $835K

Historical price data

Overview

Evofem Biosciences is a mission-driven company focused on empowering women through innovative, non-hormonal contraceptive and sexual health products. Its key achievement is the FDA approval and commercial launch of Phexxi®, a first-in-class, on-demand contraceptive gel, complemented by the strategic acquisition of Solosec® for bacterial vaginosis. The company's strategy centers on commercial execution in the U.S., securing international partnerships, and advancing its pipeline based on its pH modulation technology to address significant unmet needs in women's healthcare.

ContraceptionInfectious DiseaseWomen's Health

Technology Platform

Proprietary vaginal pH modulator technology designed to maintain an acidic environment that is hostile to sperm and certain pathogens, enabling non-hormonal, on-demand contraception and potential prevention of infections like bacterial vaginosis.

Pipeline

7
7 drugs in pipeline6 in Phase 3
DrugIndicationStageWatch
LIPO-202 + PlaceboCentral Abdominal BulgingPhase 3
LIPO-202 + PlaceboCentral Abdominal BulgingPhase 3
AMPHORAContraceptionPhase 3
Conceptrol + AmphoraContraceptionPhase 3
EVO100 + PlaceboSexually Transmitted DiseasesPhase 3

Funding History

3
Total raised:$150M
Debt$50M
IPO$75M
Series D$25M

Opportunities

Evofem targets a multi-billion dollar opportunity serving over 23 million U.S.
women who avoid hormonal contraception, with further growth potential from international expansion and its pipeline program for recurrent bacterial vaginosis.
Updated ACA guidelines mandating coverage for contraceptives provide a significant tailwind for Phexxi reimbursement.

Risk Factors

The company faces extreme financial risk due to its micro-cap status, history of losses, and urgent need to achieve commercial scale to ensure liquidity.
Significant commercial execution risk exists in driving physician adoption and patient demand for its novel contraceptive against entrenched, often cheaper, alternatives.

Competitive Landscape

Phexxi competes in the crowded contraceptive market by uniquely offering a non-hormonal, on-demand prescription option, a niche not served by daily pills or long-acting devices. In bacterial vaginosis, Solosec competes on convenience with a single-dose regimen, while EVO200 aims to address the high-unmet need of recurrence prevention.