other material
confidence high
sentiment neutral
materiality 0.60
Daré Bioscience Q2 2023 cash $13.3M; auditor resigns; Ovaprene Phase 3 enrollment to start 4Q23
Dare Bioscience, Inc.
- Cash and cash equivalents of $13.3M at June 30, 2023; G&A expenses $2.9M, R&D expenses $6.0M.
- Auditor Mayer Hoffman McCann P.C. resigned effective upon filing of 2023 10-K or earlier; no disagreements; prior report had going concern paragraph.
- XACIATO first commercial sale expected 2H-2023; $1.0M cash received and $1.8M milestone upon first sale from partner Organon.
- Ovaprene pivotal Phase 3 contraceptive efficacy study enrollment to start 4Q-2023; U.S. rights licensed to Bayer.
- Sildenafil Cream 3.6% positive Phase 2b topline data; preparing end-of-Phase 2 FDA meeting for FSAD/FSIAD.