Here's Why TherapeuticsMD Stock Is Jumping Today
Shares of TherapeuticsMD (NASDAQ: TXMD), a biopharmaceutical company focused on women's health products, are on the move following the company's second-quarter earnings report, which exceeded expectations. Pleasantly surprised investors have driven the stock 20.3% higher as of 3:40 p.m. EDT on Wednesday.
It looks like a warning the company issued in June, following disappointing first-quarter results released in May, wasn't entirely necessary. This was thanks to a strong performance from its branded estradiol inserts, Imvexxy, for the treatment of menopause-related dyspareunia; success for the product had hardly been a foregone conclusion.
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