PRINCETON, N.J., May 18, 2018 (GLOBE NEWSWIRE) -- Agile Therapeutics, Inc., (Nasdaq:AGRX), a women’s healthcare company, today
announced the content of the official minutes from its Type A meeting with the U.S. Food and Drug Administration (FDA) held on
April 16, 2018 to discuss the complete response letter (CRL) issued by the FDA on December 21, 2017 relating to the New Drug
Application (NDA) for Twirla (AG200-15), the Company’s investigational low-dose, non-daily, combination hormonal contraceptive
patch. In the CRL, the FDA informed the Company that the Twirla NDA could not be approved due to deficiencies related to the
manufacturing process and facility for Twirla, and because of questions the FDA had on the in vivo adhesion properties of
Twirla and their potential relationship to the Company’s Phase 3 clinical trial results.
In the official minutes, the FDA informed the Company that it continues to have significant concerns regarding the adhesion of
Twirla, which the FDA believes cannot be addressed through the Company’s proposed patient compliance programs, and that the Company
needed to address the Twirla adhesion properties by reformulating the transdermal system and conducting a formal adhesion study
with the new formulation. The FDA also informed the Company that it would need to demonstrate bioequivalence to the data and
information for the original formulation. The FDA advised the Company that after the Company satisfies the FDA’s questions on
adhesion and adequately bridges to the findings in the SECURE Phase 3 trial, it anticipates discussing the safety and efficacy of
Twirla at an advisory committee meeting to obtain input on whether the benefits outweigh the risks. In the absence of a
finding of bioequivalence, the Company would need to conduct a new Phase 3 study with the new formulation. Finally, the FDA
provided guidance on the path forward for addressing manufacturing issues related to Twirla, which path is largely based on the
materials the Company had previously submitted in December 2017. To the extent that the Company reformulates Twirla, it may
create the need for additional manufacturing work and review by the FDA.
“We believe we had a constructive meeting with the FDA, however, we disagree with the FDA’s conclusions on the adhesion of Twirla
and our patient compliance programs. We believe we have demonstrated an adhesion profile for Twirla that supports approval
based on extensive data from our Phase 2 studies, including an extreme conditions trial, and our three Phase 3 trials. We also
believe that we have planned compliance and education programs that can address the issues raised by the FDA and will support
patient use of the product once it is approved. While we will continue to evaluate all of our options on next steps, we
expect we will pursue formal dispute resolution. We will provide an update when we move forward,” said Al Altomari, Chairman
and Chief Executive Officer, Agile Therapeutics. “In light of the feedback from the FDA, we also are re-evaluating our business
plan to identify ways to extend our ability to fund the Company’s operations,” concluded Mr. Altomari.
Company to Host Conference Call
Agile Therapeutics will host a conference call on May 18, 2018 at 8:00 a.m. Eastern Time to discuss the Company’s
regulatory update. A question and answer session will follow Agile Therapeutics’ remarks. To participate on the live call, please
dial (844) 413-1773 (domestic) or (678) 865-8976 (international), and provide the conference ID number: 5858819.
A live audio webcast of the call will be available via the “Investor Relations” page of the Agile Therapeutics website,
www.agiletherapeutics.com. Please log on through Agile Therapeutics’ website approximately 10
minutes prior to the scheduled start time. A replay of the webcast will be archived on Agile Therapeutics’ website for 60 days
following the call.
About Twirla® (AG200-15)
Twirla (levonorgestrel/ethinyl estradiol transdermal system) or AG200-15 is an investigational once-weekly prescription
contraceptive patch. AG200-15 is a combined hormonal contraceptive (CHC) patch that contains the active ingredients ethinyl
estradiol (EE), a type of estrogen and levonorgestrel (LNG), a type of progestin. Twirla is designed to be applied once weekly for
three weeks, followed by a week without a patch.
About Agile Therapeutics, Inc.
Agile Therapeutics is a forward-thinking women's healthcare company dedicated to fulfilling the unmet health needs of today's
women. Our 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. Our lead product candidate, Twirla® (levonorgestrel/ethinyl estradiol
transdermal system) or AG200-15, is an investigational non-daily, prescription contraceptive. Twirla is based on our proprietary
transdermal patch technology, called Skinfusion®, which is designed to allow drug delivery through the skin. For more
information, please visit the company website at www.agiletherapeutics.com. The Company may occasionally disseminate material, nonpublic
information on the Company’s website.
Follow Agile on Linked In and Twitter: @AgileTher.
Forward-Looking Statement
Certain information contained in this press release includes "forward-looking statements" related to our regulatory submissions and
projected cash position. We may, in some cases use terms such as "predicts," "believes," "potential," "continue," "anticipates,"
"estimates," "expects," "plans," "intends," "may," "could," “might," “likely,” "will," "should" or other words that convey
uncertainty of the future events or outcomes to identify these forward-looking statements. Our forward-looking statements are based
on current beliefs and expectations of our management team that involve risks, potential changes in circumstances, assumptions, and
uncertainties. Any or all of the forward-looking statements may turn out to be wrong, or be affected by inaccurate assumptions we
might make or by known or unknown risks and uncertainties. Our statements about our ability to adequately and timely respond to the
deficiencies in the CRL issued by the FDA in December 2017 may be affected by whether any such response will be accepted by the
FDA, our ability to address the FDA’s concerns regarding Twirla raised in the Type A meeting minutes issued by the FDA in May 2018,
our ability to either succeed in our discussions with the FDA that a reformulation of Twirla is not necessary, or if we are
unsuccessful, our ability to develop a reformulation that will address the FDA’s concerns, if we are required to reformulate
Twirla, our ability to successfully complete an additional adhesion study and bioequivalence study, the potential that we may be
required to conduct an additional Phase 3 trial, the likelihood that we will require additional correspondence with the FDA prior
to the resubmission of our NDA, our ability to resubmit and the timing of our resubmission of the NDA for Twirla, FDA acceptance
and approval of the resubmitted NDA, or whether other issues will arise that will negatively impact acceptance, review, and
approval of Twirla by the FDA; our statements about our projected cash position could be affected by market factors, the inherent
risks in our business, our ability to execute our operational and budget plans, our ability to address the deficiencies identified
by the FDA in the CRL issued in December 2017 and in the Type A meeting minutes issued in May 2018, the fact that our existing cash
and cash equivalents likely will not be sufficient to fund our current and planned operations beyond 2018, which raises substantial
doubt about our ability to continue as a going concern, and which, in turn, may create negative reactions to the price of our
common stock making it more difficult to obtain financing in the future, and unforeseen events in our clinical and manufacturing
development plans; our statements about the potential commercial opportunity could be affected by potential labeling restrictions,
the potential that our product does not receive regulatory approval, does not receive reimbursement by third party payors, or a
commercial market for the product does not develop because of any of the risks inherent in the commercialization of contraceptive
products. For all these reasons, actual results and developments could be materially different from those expressed in or
implied by our forward-looking statements. All forward-looking statements are subject to risks detailed in our filings with the
U.S. Securities and Exchange Commission, including our Annual Report on Form 10-K and our Quarterly Reports on Form 10-Q. You are
cautioned not to place undue reliance on these forward-looking statements, which are made only as of the date of this press
release. We undertake no obligation to publicly update such forward-looking statements to reflect subsequent events or
circumstances.
SOURCE: Agile Therapeutics, Inc.
Contact:
Investor Relations
Agile Therapeutics
609-683-1880
