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PDL BioPharma (PDLI) - Eyes focused on Evofem

08:55 EDT 15 Aug 2019 | Edison Investment Research

Edison Investment Research - Pharmaceuticals & healthcare - PDL BioPharma: In June, PDL invested the second and final tranche of $30m ($60m in total) in Evofem, a women’s health company that is preparing to submit an NDA for Amphora, a non-hormonal female contraceptive, in Q419 with approval expected in H120. PDL now owns approximately 29% of the company. Evofem recently released exploratory data from its pivotal AMPOWER trial, which indicated that unlike other contraceptives, Amphora may increase sexual satisfaction, which could give it a marketing edge upon approval. The market opportunity is quite large, with $6.5bn worth of hormonal contraceptives being sold in 2018 according to EvaluatePharma.
ISIN: US69329Y1047

Original Article: PDL BioPharma (PDLI) - Eyes focused on Evofem

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