Robbins Arroyo LLP: Agile Therapeutics, Inc. (AGRX) Misled Shareholders According to a Recently Filed Class Action
Shareholder rights law firm Robbins Arroyo LLP announces that a class action complaint was filed against Agile Therapeutics, Inc. (NASDAQGM: AGRX) in the U.S.
District Court for the District of New Jersey. The complaint is brought on behalf of all purchasers of Agile securities between
March 9, 2016 and January 3, 2017, for alleged violations of the Securities Exchange Act of 1934 by Agile's officers and directors.
Agile, a specialty pharmaceutical company, focuses on the development and commercialization of prescription contraceptive products
for women. The company's lead product is the Twirla contraceptive patch.
View this information on the law firm's Shareholder Rights Blog: www.robbinsarroyo.com/shareholders-rights-blog/agile-therapeutics-inc
Agile Accused of Lying About the Efficacy of Its Product
According to the complaint, Agile conducted a clinical trial, known as SECURE, to evaluate the safety, efficacy, and
tolerability of Twirla in 2,032 women. Agile touted the SECURE trial in its public filings, stating that it believed the clinical
trial data from the SECURE trial would support its future marketing of Twirla. Agile continued to report on the progression of the
trial, stating that it had "made significant progress on the execution of our business strategy to build a commercially competitive
women's health franchise." Agile further stated that it believed making Twirla commercially available would fill a strong need for
innovative products in women's health.
However, the complaint alleges that Agile officials failed to disclose that: (1) the Twirla contraceptive patch had an efficacy
rating below peer group standards; (2) over half of patients in its SECURE trial discontinued the study early; and (3) therefore,
the U.S. Food and Drug Administration ("FDA") would likely not approve the Twirla patch marketing application. On January 3, 2017,
Agile revealed that the Twirla patch's efficacy measure, which was 4.80, failed to meet the industry standard for FDA approved
contraceptives, which is 3.19. The company further announced that 51.4% of patients failed to continue the study to completion. On
this news, Agile's stock fell $2.37 per share, or nearly 50%, to close at $2.63 per share on January 4, 2017.
Agile Shareholders Have Legal Options
Concerned shareholders who would like more information about their rights and potential remedies can contact attorney Darnell R.
Donahue at (800) 350-6003, DDonahue@robbinsarroyo.com, or via the
shareholder information form on the firm's website.
Robbins Arroyo LLP is a nationally recognized leader in shareholder rights law. The firm represents individual and institutional
investors in shareholder derivative and securities class action lawsuits, and has helped its clients realize more than $1 billion
of value for themselves and the companies in which they have invested.
Attorney Advertising. Past results do not guarantee a similar outcome.
Robbins Arroyo LLP
Darnell R. Donahue
(619) 525-3990 or Toll Free (800) 350-6003
DDonahue@robbinsarroyo.com
www.robbinsarroyo.com
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