other_material
confidence high
sentiment positive
materiality 0.60
Evofem signs exclusive SOLOSEC license for UAE, Kuwait, Saudi Arabia and other Middle East countries
Evofem Biosciences, Inc.
- Exclusive 5-year license to develop, market, and sell SOLOSEC in UAE, Kuwait, Saudi Arabia, Qatar and other Middle East countries.
- Pharma 1 targets mid-2025 regulatory submission in UAE; must file within 3 months of agreement.
- Consideration includes upfront payment, regulatory milestones, and sales-based milestones; supply at cost-plus.
- SOLOSEC is FDA-approved single-dose oral treatment for bacterial vaginosis and trichomoniasis.
- Expands existing Evofem-Pharma 1 partnership beyond PHEXXI to SOLOSEC.
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