Exeltis USA, Inc. entered into a definitive merger agreement to acquire Agile Therapeutics, Inc. for $10.7 million.
June 25, 2024
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Exeltis USA, Inc. entered into a definitive merger agreement to acquire Agile Therapeutics, Inc. (OTCPK:AGRX) for $10.7 million on June 25, 2024. Exeltis will acquire Agile for $1.52 per share in cash. In case of termination under certain circumstances, Agile would be required to pay Insud (parent of Exeltis) a termination fee of $1.26 million. Upon completion of the transaction, Agile will no longer be listed on any public market. Transaction is subject to approval by Agile?s stockholders. The Board of Directors of Agile has unanimously approved the transaction. The board of Insud Pharma, S.L. also approved the transaction. The transaction is expected to close in the third quarter of 2024.
H.C. Wainwright & Co., LLC acted as financial advisor for Agile Therapeutics, Inc. Steven M. Cohen of Morgan, Lewis & Bockius LLP acted as legal advisor for Agile Therapeutics, Inc. Mitchell S. Nussbaum of Loeb & Loeb LLP and Xavier Ruiz of RC Law LLP acted as legal advisors to Insud Pharma, S.L. and Exeltis USA, Inc.
Agile Therapeutics, Inc. is a women's healthcare company, which is engaged in fulfilling the unmet health needs of women. Its product and product candidates are designed to provide women with contraceptive options that offer freedom from taking a daily pill, without committing to a longer-acting method. Its initial product, Twirla, (levonorgestrel and ethinyl estradiol), a transdermal system, is a non-daily prescription contraceptive. Twirla is based on its proprietary transdermal patch technology, called Skinfusion, which is designed to allow drug delivery through the skin. Twirla (levonorgestrel and ethinyl estradiol) transdermal system is a once-weekly combined hormonal contraceptive (CHC) patch that contains the active ingredients levonorgestrel (LNG), a type of progestin, and ethinyl estradiol (EE), a type of estrogen. Its potential product pipeline consists of two types of product candidates: a progestin-only (P-only) contraceptive patch and potential Twirla line extensions.
AGILE THERAPEUTICS, INC. 
