Veru Sells FC2 Condom Business For $18 Million, Focuses On …

Dec 31, 2024 · Veru Sells FC2 Condom Business For $18 Million, Focuses On Biopharma Pipeline. Veru Inc. (NASDAQ:VERU) shares jumped on Tuesday after the company disclosed …

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Veru Sells FC2 Condom Business For $18 Million, Focuses On …

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Dec 31, 2024 · Veru Sells FC2 Condom Business For $18 Million, Focuses On Biopharma Pipeline. Veru Inc. (NASDAQ:VERU) shares jumped on Tuesday after the company disclosed …

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Veru Inc. Sells FC2 Female Condom Business For $18 Million To …

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Dec 31, 2024 · Veru Inc. has sold its FC2 Female Condom business for $18 million to Riva Ridge Capital Management and other co-investors, allowing the company to concentrate on its …

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Veru Sells FC2 Condom Business For $18 Million, Focuses On …

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Dec 31, 2024 · Veru sells its FC2 Female Condom business for $18M, shrinking its workforce by 90%, and refocusing on biopharma R&D. Proceeds will fund late-stage clinical trials, including …

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Veru Inc. Sells FC2 Business To Focus On Biopharma

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Jan 3, 2025 · Veru Inc. announced the sale of its FC2 Female Condom business to Clear Future, Inc. for $18 million. This divestment allows Veru to focus on its biopharmaceutical pursuits, …

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Veru Announces The Sale Of The FC2 Female Condom® (Internal …

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Dec 31, 2024 · As a result of the sale of the FC2 business, including the transfer of its UK and Malaysian based subsidiaries, Veru’s headcount will be reduced by approximately 90% from …

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Veru Sells FC2 Female Condom Business For $18M, Shifts Focus To ...

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Dec 31, 2024 · Veru Inc. (NASDAQ: VERU) has sold its FC2 Female Condom® business to clients managed by Riva Ridge Capital Management LP and co-investors for $18 million.The …

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Veru Sells Female Condom Business To Riva Ridge Capital For $18 …

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Dec 31, 2024 · Veru Sells Female Condom Business to Riva Ridge Capital for $18 Million 09:13am: MT Veru Inc. Reports Earnings Results for the Full Year Ended September 30, 2024 …

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Veru Inc. Completes Strategic Transition With $18 Million Deal

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Dec 31, 2024 · With the completion of the sale of the FC2 Female Condom business, Veru Inc. is strategically positioning itself within the biopharmaceutical sector. The focus on developing …

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Veru Announces The Sale Of The FC2 Female Condom® (Internal …

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Dec 31, 2024 · As a result of the sale of the FC2 business, including the transfer of its UK and Malaysian based subsidiaries, Veru’s headcount will be reduced by approximately 90% from …

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Veru Sells FC2 Condom Business For $18 Million, Focuses On …

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Jun 30, 2024 · Veru Inc. (NASDAQ:VERU) shares jumped on Tuesday after the company disclosed the sale of its FC2 Female Condom (Internal Condom) business to clients managed …

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Veru Announces The Sale Of The FC2 Female Condom® (Internal

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Dec 31, 2024 · As a result of the sale of the FC2 business, including the transfer of its UK and Malaysian based subsidiaries, Veru’s headcount will be reduced by approximately 90% from …

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Veru To Lay Off Jobs After Sale Of Female Condom Business - South ...

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Dec 31, 2024 · Veru sold its FC2 Female Condom business for $18 million. The sale reduces Veru's workforce by 90% to 22 employees. Veru focuses on weight loss, oncology, and …

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Veru Surges As It Sells FC2 Female Condom Business To Private

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Veru has sold its FC2 female condom business for $18M to a group of private investors. The buyers include clients of Riva Ridge Capital Management. As a result, Veru's employee …

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Veru Inc. Sells FC2 Female Condom Business For $18 Million To …

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Dec 31, 2024 · Veru successfully sold its FC2 Female Condom® business for $18 million, allowing it to focus solely on its biopharmaceutical development efforts. The sale is expected …

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Veru Sells FC2 Female Condom Business For $18M - TipRanks

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Veru sells FC2 Female Condom business for $18M - TipRanks

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Clients Managed By Riva Ridge Capital Management LP Acquired …

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Dec 30, 2024 · Clients managed by Riva Ridge Capital Management LP acquired FC2 Female Condom® (Internal Condom) Business of Veru Inc. (NasdaqCM:VERU) for $18 million on …

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FAQs about Veru Sells FC2 Condom Business For $18 Million, Focuses On … Coupon?

Did Veru sell its female condom business?

The Miami company sold its female condom business to an investment firm for $18 million. Veru sold its FC2 Female Condom business for $18 million. The sale reduces Veru's workforce by 90% to 22 employees. Veru focuses on weight loss, oncology, and respiratory distress drugs. ...

Why did Veru buy FC2?

“The monetization of the FC2 business allows Veru to be a pure biopharmaceutical company focusing its additional nondilutive resources on the execution and development of its promising late-stage clinical drug pipeline,” Chairman and CEO Mitchell Steiner said. The sale includes Veru's United Kingdom and Malaysia-based subsidiaries. ...

Why did Veru stock jump on Tuesday?

Veru Inc. (NASDAQ: VERU) shares jumped on Tuesday after the company disclosed the sale of its FC2 Female Condom (Internal Condom) business to clients managed by Riva Ridge Capital Management LP and co-investors for $18 million. As a result of the FC2 business sale, Veru’s workforce will be reduced by approximately 90%, from 210 employees to 22. ...

Why did Veru monetize the FC2 business?

“The monetization of the FC2 business allows Veru to be a pure biopharmaceutical company focusing its additional nondilutive resources on the execution and development of its promising late-stage clinical drug pipeline,” said Mitchell Steiner, M.D., Chairman, President, and Chief Executive Officer of Veru Inc. ...

How does Veru's sale affect its workforce?

The sale reduces Veru's workforce by 90% to 22 employees. Veru focuses on weight loss, oncology, and respiratory distress drugs. Veru, a clinical stage biopharmaceutical company, plans to slash its employee headcount after selling a portion of its business to investment firm Riva Ridge Capital Management for $18 million. ...

How much money does Veru expect from SWK Funding LLC?

After deducting the change of control premium to SWK Funding LLC under the company's Residual Royalty Agreement, along with customary transaction fees, Veru expects net proceeds of about $12.5 million, subject to post-closing adjustments. ...