TherapeuticsMD Announces Pricing of Its Underwritten Public Offering of 26 Million Shares of Common Stock

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[{"type":"text","content":" BOCA RATON, Fla.--(BUSINESS WIRE)--\nTherapeuticsMD, Inc. (NASDAQ:TXMD) today announced the pricing of its underwritten public offering of 26,000,000 shares of its common stock at a price to the public of $2.75 per share. TherapeuticsMD has also granted to the underwriters of the offering a 30-day option to purchase up to an additional 3,900,000 shares of common stock at the public offering price, less the underwriting discount. The gross proceeds to TherapeuticsMD from the offering are expected to be $71.5 million, before deducting underwriting discounts, commissions and other offering expenses payable by TherapeuticsMD, assuming no exercise of the underwriters’ option to purchase additional shares of common stock. All of the shares in the offering are to be sold by TherapeuticsMD. The offering is expected to close on October 29, 2019, subject to the satisfaction of customary closing conditions.\n\n\nJ.P. Morgan is acting as sole bookrunning manager for the offering. Stifel is acting as lead manager for the offering.\n\n\nTherapeuticsMD intends to use the proceeds of the offering for commercialization of its three FDA-approved products, IMVEXXY® (estradiol vaginal inserts) for the treatment of moderate-to-severe dyspareunia (vaginal pain associated with sexual activity), a symptom of vulvar and vaginal atrophy due to menopause, BIJUVA® (estradiol and progesterone) capsules, a hormone therapy combination of bio-identical 17ß-estradiol and bio-identical progesterone in a single, oral softgel capsule, for the treatment of moderate-to-severe vasomotor symptoms due to menopause in women with a uterus, and ANNOVERA® (segesterone acetate/ethinyl estradiol vaginal system), the first and only patient-controlled, procedure-free, reversible prescription contraceptive that can prevent unintended pregnancy for up to a full year, including to maximize ANNOVERA’s consumer-focused commercialization strategy, and for general corporate purposes.\n\n\nTherapeuticsMD has filed a shelf registration statement on Form S-3 with the Securities and Exchange Commission (the “SEC”) with respect to the offering that became effective upon filing. A preliminary prospectus supplement and accompanying prospectus related to the offering were filed with the SEC on October 23, 2019. A final prospectus supplement and accompanying prospectus relating to the offeri...

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