Danger looms as Agile contests third FDA rejection

18 May 2018

Agile Therapeutics (Nasdaq: AGRX) has indicated its intention to contest the US Food and Drug Administration's (FDA) ruling against the company's contraceptive patch Twirla (ethinyl estradiol/levonorgestrel).

It is the third time Twirla has been rejected by the FDA, following previous applications in 2013 and December 2017. The company lost 50% of its value overnight following news of the last rejection.

After this third snub, the value of the company's shares had fallen by a further 74% by lunchtime on Friday to $0.65.

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