Agile Therapeutics Merges with Insud Pharma for Growth
Agile Therapeutics Merges with Insud Pharma
Agile Therapeutics has successfully combined with Insud Pharma’s US subsidiary, Exeltis USA, Inc., significantly expanding its women's health and contraceptive portfolio.
Common shareholders of Agile Therapeutics are set to receive $1.52 per share of common stock, marking a rewarding conclusion to this acquisition.
As part of the acquisition completion, Agile's common stock will cease to be listed on the OTC QB, transitioning into a new phase under Insud Pharma’s stewardship.
Acquisition Details
Agile Therapeutics, Inc. (“Agile”) (OTCQB: AGRX), a prominent women’s healthcare company, announces the successful completion of its acquisition by Insud Pharma, S.L., a global pharmaceutical group. Insud Pharma, with over 45 years in the industry and operations in over 50 countries, brings substantial expertise and resources to the merger.
The acquisition received approval from Agile's former common stockholders during a special meeting, held recently. With the closing of the deal, the shareholders of Agile will receive cash per share, leading to an estimated total enterprise value of $45 million.
Insud Pharma's acquisition was executed through the merger of its wholly owned subsidiary with Agile. This merger allows Agile to operate as an indirect subsidiary of Insud, ensuring continuity while enhancing the operational capabilities of both companies.
Company Background
Agile Therapeutics is committed to addressing unmet health needs among women by providing innovative contraceptive options. The company's flagship product, Twirla, is designed to offer a non-daily contraception solution, allowing more flexibility for women who prefer not to use a daily pill.
Twirla is built on Agile’s proprietary technology named Skinfusion, enabling effective drug delivery through the skin. This product exemplifies Agile’s dedication to improving women's health and providing safe contraceptive options tailored to individual lifestyles.
Insights on Twirla
Twirla (levonorgestrel and ethinyl estradiol) functions as a once-weekly hormonal contraceptive patch. It is aimed at women of reproductive age with specific BMI considerations, providing a significant alternative to daily pills, while emphasizing the importance of consulting healthcare providers regarding its proper use and efficacy.
About Insud Pharma
Insud Pharma stands as an influential player within the pharmaceutical industry, boasting extensive history and presence in approximately 50 countries. With a workforce exceeding 9,000 employees and a network of 20 manufacturing plants, Insud Pharma embodies a strong commitment to healthcare.
The organization is involved throughout the pharmaceutical value chain, specializing in scientific research, development, manufacturing, marketing, and sales of pharmaceutical products. Its dedication to improving global health is evident through continuous investments in research and development, as well as state-of-the-art technology.
Future Prospects
The merger between Agile Therapeutics and Insud Pharma opens new avenues for growth and expansion in the women's healthcare space. The collective expertise and resources of both companies position them well to enhance product offerings, innovate new solutions, and ultimately improve health outcomes for women globally.
Frequently Asked Questions
What is the purpose of Agile Therapeutics' merger with Insud Pharma?
The merger aims to enhance Agile's capabilities in the women's health sector, expanding its contraceptive portfolio and providing greater accessibility to innovative products.
What does the acquisition mean for Agile Therapeutics shareholders?
Shareholders will receive $1.52 per share in cash, representing an opportunistic exit from the public market and rewarding their investment.
Will Agile Therapeutics continue to operate after the merger?
Yes, Agile Therapeutics will continue to operate under the Insud Pharma umbrella, functioning as an indirect subsidiary.
How does Twirla work as a contraceptive solution?
Twirla is a transdermal patch applied once a week, providing a flexible and effective birth control option without the need for a daily pill.
What is Insud Pharma's business focus?
Insud Pharma focuses on the entire pharmaceutical value chain, offering specialized knowledge in research, development, and production, along with effective and safe pharmacological treatments.
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