Agile Therapeutics, Inc. (AGRX) Bundle
A Brief History of Agile Therapeutics, Inc. (AGRX)
Company Formation and Early Years
Company Formation and Early Years
Agile Therapeutics, Inc. was founded in 2008 in Princeton, New Jersey. The company focused on developing innovative prescription contraceptive products for women.
Product Development: Twirla
In 2019, Agile received FDA approval for its lead product, Twirla (transdermal contraceptive system), which is a hormonal contraceptive patch. Twirla is designed for once-weekly application.
The product became available in the market in February 2021, marking a significant milestone for the company.
Financial Overview
As of Q2 2023, Agile Therapeutics reported a revenue of $1.5 million from Twirla sales. The company has faced challenges with sales performance since the launch.
In its Q2 2023 financial report, Agile reported total assets of approximately $19.2 million and total liabilities of around $16.3 million, leading to a stockholders' equity of about $2.9 million.
| Metrics | Q2 2023 |
|---|---|
| Total Revenue | $1.5 million |
| Total Assets | $19.2 million |
| Total Liabilities | $16.3 million |
| Stockholders' Equity | $2.9 million |
Market Strategy and Challenges
Agile has encountered various challenges in market penetration and competition from established contraceptive options. The company has implemented a strategic plan focusing on direct-to-consumer advertising and partnerships to increase awareness and adoption of Twirla.
Stock Performance
As of October 2023, the stock price of Agile Therapeutics (AGRX) is approximately $0.45 per share. The stock has experienced significant volatility since its public listing in 2013.
Future Prospects
Agile Therapeutics aims to expand its product offerings and improve its financial standing through continuous product development and market outreach. The company is focusing on research and development to explore additional contraceptive options.
A Who Owns Agile Therapeutics, Inc. (AGRX)
Shareholder Composition
The ownership of Agile Therapeutics, Inc. (AGRX) reflects a diverse array of shareholders, encompassing institutional investors, retail shareholders, and company insiders. As of the latest available data, the ownership breakdown is as follows:
| Ownership Type | Percentage Ownership | Number of Shares |
|---|---|---|
| Institutional Investors | 45.6% | 3,600,000 |
| Insider Ownership | 10.2% | 800,000 |
| Retail Investors | 44.2% | 3,400,000 |
Top Institutional Shareholders
Key institutional investors hold significant stakes in Agile Therapeutics. The following table lists the top institutional shareholders:
| Institution | Shares Held | Ownership Percentage |
|---|---|---|
| BlackRock, Inc. | 1,200,000 | 15.3% |
| Vanguard Group, Inc. | 1,000,000 | 12.8% |
| State Street Corporation | 800,000 | 10.0% |
| Armistice Capital, LLC | 600,000 | 7.5% |
| Wellington Management Company, LLP | 400,000 | 5.0% |
Insider Holdings
In addition to institutional investors, insiders maintain a notable percentage of ownership. The following is a summary of the top insiders and their holdings:
| Name | Position | Shares Held | Ownership Percentage |
|---|---|---|---|
| Julie L. Burch | CEO | 300,000 | 3.8% |
| Michael O. Garrison | CFO | 200,000 | 2.5% |
| Linda A. Thomson | Director | 100,000 | 1.3% | Other Insiders | Various | 200,000 | 2.6% |
Recent Stock Performance
Agile Therapeutics, Inc. (AGRX) has experienced fluctuations in its stock price, reflecting market conditions and company performance. The last reported stock data is as follows:
| Date | Closing Price | Market Capitalization |
|---|---|---|
| October 1, 2023 | $1.25 | $10 million |
| September 1, 2023 | $1.30 | $10.4 million |
| August 1, 2023 | $1.10 | $8.8 million |
Recent Developments and Trends
Recent developments in Agile Therapeutics have attracted investor interest. Key trends include:
- Successful FDA approval of new product lines.
- Increased focus on outreach and marketing strategies.
- Strategic partnerships with healthcare providers.
Summary of Financial Performance
In the most recent quarterly report, Agile Therapeutics reported the following financial figures:
| Financial Metric | Value |
|---|---|
| Revenue (Q2 2023) | $2 million |
| Net Loss (Q2 2023) | -$1.5 million |
| Total Assets | $5 million |
| Total Liabilities | $3 million |
Agile Therapeutics, Inc. (AGRX) Mission Statement
Core Mission
The mission of Agile Therapeutics, Inc. is to improve women's health by providing innovative contraceptive solutions that are safe, effective, and convenient. The company is committed to expanding access to birth control options through its proprietary technology and products.
Key Values
- Innovation: Agile strives to pioneer advancements in women's health care.
- Accessibility: The company prioritizes making contraceptive options available to all women.
- Education: Agile focuses on educating women about their reproductive health choices.
- Partnership: Collaboration with healthcare providers is vital to support women’s health decisions.
Strategic Objectives
Agile Therapeutics aims to achieve the following strategic objectives:
- Launch new contraceptive products by 2025.
- Expand market presence through partnerships and collaborations.
- Increase annual revenue by 20% over the next three years.
- Enhance patient education initiatives to strengthen brand loyalty.
Financial Performance
As of Q3 2023, Agile Therapeutics reported the following financial figures:
| Financial Metric | Amount |
|---|---|
| Revenue | $3.2 million |
| Net Loss | ($11.5 million) |
| Cash and Cash Equivalents | $12.8 million |
| Total Assets | $15.3 million |
| Total Liabilities | $18.6 million |
Product Overview
Agile Therapeutics' primary product, THyNKS™ is a transdermal patch designed for contraceptive use. It allows for flexibility and ease of use compared to traditional methods.
Market Position
Agile Therapeutics aims to establish a robust position in the women's health market. As of 2023, the global contraceptive market is valued at approximately $22.4 billion and is expected to grow at a CAGR of 6.1% through 2030.
Regulatory Compliance
Agile Therapeutics adheres to stringent regulatory standards, with FDA approval received for their flagship product in 2021, ensuring compliance with health and safety regulations.
Future Goals
The company is focused on expanding its R&D efforts for additional women's health products, with an investment target of approximately $5 million for the year 2024.
How Agile Therapeutics, Inc. (AGRX) Works
Company Overview
Agile Therapeutics, Inc. is a women’s healthcare company focused on developing and commercializing innovative prescription contraceptive products. The company’s primary product is Twirla, a transdermal contraceptive patch.
Product Development
Agile Therapeutics employs a clinical development strategy that includes:
- Innovative drug delivery systems
- Clinical trials to evaluate efficacy and safety
- Regulatory submissions to obtain FDA approval
Financial Performance
As of the latest financial reports in 2023, Agile Therapeutics has reported:
| Metric | Q2 2023 | Q2 2022 |
|---|---|---|
| Revenue | $2.1 million | $0.4 million |
| Net Loss | $(5.4) million | $(7.2) million |
| Cash and Cash Equivalents | $9.5 million | $3.2 million |
| Total Assets | $14.8 million | $6.9 million |
Market Position and Strategy
Agile Therapeutics aims to establish a strong market position through:
- Targeted marketing to healthcare providers and patients
- Strategic partnerships for distribution and sales
- Focus on underserved segments in women's health
Regulatory Milestones
In 2021, Agile received FDA approval for Twirla, marking a significant milestone. The company continues to focus on post-marketing surveillance and compliance with regulatory standards.
Research and Development
Agile allocates a substantial budget to R&D, with 2023 expenditures reported at:
| Year | R&D Expenditure ($ Million) |
|---|---|
| 2022 | 6.2 |
| 2023 | 5.0 |
Competitive Landscape
The competitive landscape includes other contraceptive methods and emerging technologies. Agile Therapeutics is positioned against major competitors such as:
- Teva Pharmaceutical Industries
- Bayer AG
- Johnson & Johnson
Future Outlook
Agile Therapeutics aims to expand its product line and enhance its market share. The company is actively seeking opportunities for:
- New product development
- Geographic expansion
- Increased partnerships with healthcare organizations
Funding and Investment
As of June 2023, Agile Therapeutics had a market capitalization of approximately $60 million. The company continues to seek financing through:
- Equity offerings
- Institutional investments
- Grants for women’s health innovations
Key Personnel
The management team at Agile consists of experienced leaders in pharmaceuticals and healthcare:
- Chief Executive Officer: Alisa M. Wright
- Chief Financial Officer: Brian J. McManus
- Chief Medical Officer: Dr. Anne S. Lindgren
How Agile Therapeutics, Inc. (AGRX) Makes Money
Product Sales
Agile Therapeutics, Inc. generates revenue primarily through the sale of its flagship product, Twirla, a contraceptive patch approved by the FDA in 2020. In 2022, the company reported approximately $2.0 million in revenue from Twirla sales.
Market Strategy
The company employs a direct-to-consumer marketing strategy, leveraging digital platforms and targeted advertising to reach potential customers. As of Q2 2023, Agile spent about $1.5 million on marketing efforts, resulting in an increased market share.
Partnerships and Collaborations
Agile Therapeutics has established partnerships with various pharmaceutical companies for co-promotion and distribution of Twirla. These collaborations have led to additional revenue streams. In 2022, Agile reported roughly $500,000 in collaborative revenue.
Insurance Reimbursements
The company benefits from reimbursement agreements with a range of insurance providers. In 2023, Agile’s reimbursement rate for Twirla increased to approximately 85% for covered patients, significantly impacting revenue potential.
Table of Financial Performance
| Year | Revenue from Product Sales | Marketing Expenses | Collaborative Revenue | Insurance Reimbursement Rate |
|---|---|---|---|---|
| 2020 | $0.0 million | $0.5 million | $0.0 million | N/A |
| 2021 | $0.5 million | $1.0 million | $0.2 million | N/A |
| 2022 | $2.0 million | $1.5 million | $0.5 million | 80% |
| 2023 | $3.0 million (projected) | $1.8 million (estimated) | $0.8 million (estimated) | 85% |
Research and Development Funding
Agile Therapeutics allocates funds towards R&D to develop future products, which is essential for long-term revenue growth. In 2022, R&D expenses totaled approximately $3.0 million.
Government Grants
The company has received government grants aimed at supporting women’s health initiatives. In 2022, Agile received a grant of around $1.2 million to further develop its product pipeline.
Future Revenue Projections
Analysts project Agile Therapeutics could achieve revenue growth of up to 50% year-over-year if current trends continue, driven by increased adoption of Twirla and expansion into new markets.
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