Business
TherapeuticsMD Provides Business Update on COVID-19 Pandemic
BOCA RATON, Fla.--(BUSINESS WIRE)-- TherapeuticsMD, Inc. (NASDAQ: TXMD), an innovative women’s healthcare company, today provided an update on its business
About this update from Therapeuticsmd, Inc.
[{"type":"text","content":" BOCA RATON, Fla.--(BUSINESS WIRE)--\nTherapeuticsMD, Inc. (NASDAQ: TXMD), an innovative women’s healthcare company, today provided an update on its business operations as the COVID-19 situation evolves. At this time, TherapeuticsMD continues to provide an uninterrupted supply of its portfolio of products for patients. The company has activated virtual options to ensure business continuity. In addition, the company has taken action to support the health of its employees. While TherapeuticsMD cannot predict the extent to which COVID-19 pandemic will continue to spread and how it will impact society and business, the company will continue to do all that it can to meet the needs of its patients and providers.\n\n\nSupply of Products\n\n\n\nTherapeuticsMD does not anticipate a shortage of its products due to COVID-19 at this time.\n\n\nThe company already has sufficient inventory of finished product in its warehouses to meet anticipated demand through at least early third quarter of this year.\n\n\nAdditionally, the company currently does not foresee any interruption in its ability to continue to manufacture additional product to be used beyond this period and has sufficient warehoused active pharmaceutical ingredients for the continued manufacture of its products.\n\n\nAt this time, the company continues to have uninterrupted wholesale and retail distribution of its products.\n\n\n\n\n\nRemote Pharmacy and At Home Delivery Options\n\n\n\nTherapeuticsMD is prepared to provide continued access to its products for patients.\n\n\nThe company’s vitaCare Prescription Services patient model assists patients in obtaining easy and convenient access to their prescriptions for products at a retail pharmacy of their choice, including via home delivery retail pharmacy options. Home delivery is an attractive option during the COVID-19 outbreak.\n\n\nThe company has also partnered with independent community pharmacies and multiple third-party online pharmacies (such as PillPack, PillClub and Simple Health) and telemedicine providers (such as PlushCare) that focus on contraception or menopause to ensure patients have real-time access to both diagnosis and treatment.\n\n\n\n\nPatients or providers who have additional questions or concerns or are having any difficulty accessing product should contact us at 1-800-350-3819 to speak to a vitaCare repre...