Movers and SHAKERS
Promising Quarter Signaling to a Positive 2H 2019
TherapeuticsMD Inc is a major drug manufacturing with a focus on creating and commercializing products targeted exclusively for women. The company intends to commercialize advanced hormone therapy pharmaceutical products.
Ahu Demir, Research Analyst, Noble Capital Markets, Inc.
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- Exceeded our expectations. TherapeuticsMD reported the second quarter revenues of $6.1million (mm) beating our estimate ($4.7mm). The company also slightly raised full year 2019 revenue guidance to a range of $29.5-34.2mm from $27.1 to 33.1mm. This increase was derived from prenatal vitamin business, rather than FDA approved product revenues.
- Increasing payers coverage is fundamental. The company is on track securing last few top commercial (covering 71% commercial lives) and Part D payers. The contract amendments and decisions are expected...
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