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Evofem’s Phexxi birth control method prevented 99% of pregnancies, post analysis shows

• Evofem Biosciences (NASDAQ:EVFM) on Thursday said a post analysis of its phase 3 trial evaluating Phexxi showed that the birth control method prevented 99% of pregnancies.
• The analysis was based on 101 pregnancies in about 1.2K women who used Phexxi over 24.2K acts of intercourse.
• Phexxi was approved by the U.S. FDA in May 2020 based on the results of the late-stage trial, called AMPOWER, which enrolled about 1.3K women in the U.S., as well as combined safety data from AMPOWER and a previous late-stage trial called AMP-001.
• EVFM’s Phexxi works by modulating vaginal pH levels which in turn immobilizes the sperm. Phexxi is not effective when used after intercourse.
• EVFM stock -3.1% to $0.29 in morning trading.

https://seekingalpha.com/news/3849269-evofems-phexxi-birth-control-method-prevented-99-of-pregnancies-post-analysis-shows