{"id":781850,"date":"2023-09-05T09:51:28","date_gmt":"2023-09-05T13:51:28","guid":{"rendered":"https:\/\/www.marketnewsdesk.com\/index.php\/dare-bioscience-completes-previously-announced-equity-financing\/"},"modified":"2023-09-05T09:51:28","modified_gmt":"2023-09-05T13:51:28","slug":"dare-bioscience-completes-previously-announced-equity-financing","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/dare-bioscience-completes-previously-announced-equity-financing\/","title":{"rendered":"Dar\u00e9 Bioscience Completes Previously Announced Equity Financing"},"content":{"rendered":"<h2>\nCompany looks forward to anticipated 2023 milestones, including first commercial sale of XACIATO\u2122, enrollment in Ovaprene\u00ae pivotal Phase 3 study, and topline data from DARE-PDM1 Phase 1 study<br \/>\n<\/h2>\n<div class=\"mw_release\">\n<p align=\"justify\">SAN DIEGO, Sept.  05, 2023  (GLOBE NEWSWIRE) &#8212; Dar\u00e9\u00a0Bioscience, Inc. (NASDAQ: DARE), a leader in women\u2019s health innovation, today announced the completion of its registered direct offering of common stock and warrants to purchase common stock priced at-the-market under Nasdaq rules with an institutional investor and an investor affiliated with the licensor of one of the company\u2019s early stage product candidates. The aggregate gross proceeds to Dar\u00e9, before deducting offering expenses payable by Dar\u00e9, were $7.0 million. The closing occurred on September 1, 2023.<\/p>\n<p align=\"justify\">\u201cThis financing strengthened our balance sheet, providing cash to help us deliver on important portfolio milestones this year,\u201d said Sabrina Martucci Johnson, President and CEO of Dar\u00e9 Bioscience. \u201cIn addition to the commercial launch of XACIATO in the U.S. by Organon, we are looking forward to the commencement of patient enrollment in our pivotal Phase 3 clinical study of Ovaprene, our investigational, hormone-free, monthly intravaginal contraceptive, and topline data from our Phase 1 clinical study of DARE-PDM1, an investigational proprietary hydrogel formulation of diclofenac we are developing as a vaginally administered treatment for primary dysmenorrhea, more commonly referred to as menstrual cramps and pain,\u201d continued Ms. Johnson. \u201cWe also look forward to an end-of-Phase-2 meeting, targeted for 2023, with the FDA for our Sildenafil Cream, 3.6% program, to support Phase 3 commencement in early 2024; our investigational formulation of sildenafil is designed to treat female sexual arousal disorder and\/or female sexual interest\/arousal disorder utilizing the active ingredient in Viagra\u00ae. In addition, we are pleased to announce that we previously entered into a license agreement with Douglas Pharmaceuticals, a New Zealand based pharmaceutical company, under which we acquired exclusive rights to develop and commercialize in the United States an investigational, novel proprietary lopinavir and ritonavir combination soft gel vaginal insert for the treatment of cervical intraepithelial neoplasia, also known as cervical dysplasia. There is no FDA-approved pharmaceutical treatment for cervical dysplasia, a precancerous condition in women strongly linked to HPV infection, the most common sexually transmitted infection in the U.S. Current surgical procedures to treat cervical dysplasia are invasive and can adversely impact future pregnancies. A pharmaceutical approach could provide women with an important alternative to surgery to treat this condition.\u201d<\/p>\n<p align=\"justify\">Dar\u00e9\u2019s completed equity financing included minority participation by an investor affiliated with Douglas.<\/p>\n<p align=\"justify\">\n        <strong>About Dar\u00e9 Bioscience<\/strong>\n      <\/p>\n<p align=\"justify\">Dar\u00e9 Bioscience is a biopharmaceutical company committed to advancing innovative products for women\u2019s health. The company\u2019s mission is to identify, develop and bring to market a diverse portfolio of differentiated therapies that prioritize women&#8217;s health and well-being, expand treatment options, and improve outcomes, primarily in the areas of contraception, vaginal health, reproductive health, menopause, sexual health and fertility.<\/p>\n<p align=\"justify\">Dar\u00e9\u2019s first FDA-approved product, XACIATO\u2122 (clindamycin phosphate) vaginal gel, 2% is a lincosamide antibacterial indicated for the treatment of bacterial vaginosis in female patients 12 years of age and older, which is under a global license agreement with Organon. Dar\u00e9\u2019s portfolio also includes potential first-in-category candidates in clinical development: Ovaprene\u00ae, a novel, hormone-free monthly intravaginal contraceptive whose U.S. commercial rights are under a license agreement with Bayer; Sildenafil Cream, 3.6%, a novel cream formulation of sildenafil to treat female sexual arousal disorder (FSAD) and\/or female sexual interest\/arousal disorder (FSIAD) utilizing the active ingredient in Viagra\u00ae; and DARE-HRT1, a combination bio-identical estradiol and progesterone intravaginal ring for menopausal hormone therapy. To learn more about XACIATO, Dar\u00e9\u2019s full portfolio of women\u2019s health product candidates, and Dar\u00e9\u2019s mission to deliver differentiated therapies for women, please visit www.darebioscience.com.<\/p>\n<p align=\"justify\">Dar\u00e9 may announce material information about its finances, product and product candidates, clinical trials and other matters using the Investors section of its website (http:\/\/ir.darebioscience.com), SEC filings, press releases, public conference calls and webcasts. Dar\u00e9 will use these channels to distribute material information about the company and may also use social media to communicate important information about the company, its finances, product and product candidates, clinical trials and other matters. The information Dar\u00e9 posts on its investor relations website or through social media channels may be deemed to be material information. Dar\u00e9 encourages investors, the media, and others interested in the company to review the information Dar\u00e9 posts in the Investors section of its website and to follow these Twitter accounts: @SabrinaDareCEO and @DareBioscience. Any updates to the list of social media channels the company may use to communicate information will be posted in the Investors section of Dar\u00e9\u2019s website.<\/p>\n<p align=\"justify\">\n        <strong>Forward-Looking Statements<\/strong>\n      <\/p>\n<p align=\"justify\">Dar\u00e9 cautions you that all statements, other than statements of historical facts, contained in this press release, are forward-looking statements. Forward-looking statements, in some cases, can be identified by terms such as \u201cbelieve,\u201d \u201cmay,\u201d \u201cwill,\u201d \u201cestimate,\u201d \u201ccontinue,\u201d \u201canticipate,\u201d \u201cdesign,\u201d \u201cintend,\u201d \u201cexpect,\u201d \u201ccould,\u201d \u201cplan,\u201d \u201cpotential,\u201d \u201cpredict,\u201d \u201cseek,\u201d \u201cshould,\u201d \u201cwould,\u201d \u201ccontemplate,\u201d \u201cproject,\u201d \u201ctarget,\u201d \u201cobjective,\u201d or the negative version of these words and similar expressions. In this press release, forward-looking statements include, but are not limited to, statements relating to commercial launch of XACIATO in the U.S., plans and expectations with respect to Dar\u00e9\u2019s product candidates, including anticipated timing for commencement and conduct of clinical trials, announcement of topline results and meetings with the FDA, and the anticipated FDA approval pathway for a product candidate, the expectation that a product candidate could be a first-in-category product, and the potential market size and opportunity for a product candidate, if approved. Forward-looking statements involve known and unknown risks, uncertainties and other factors that may cause Dar\u00e9\u2019s actual results, performance or achievements to be materially different from future results, performance or achievements expressed or implied by the forward-looking statements in this press release, including, without limitation, risks and uncertainties related to: Dar\u00e9\u2019s ability to raise additional capital when and as needed to advance its product candidates, execute its business strategy and continue as a going concern; the risk that positive findings in early clinical and\/or nonclinical studies of a product candidate may not be predictive of success in subsequent clinical and\/or nonclinical studies of that candidate; the risk that development of a product candidate requires more clinical or nonclinical studies than Dar\u00e9 anticipates; Dar\u00e9\u2019s ability to develop, obtain FDA or foreign regulatory approval for, and commercialize its product candidates and to do so on communicated timelines; failure or delay in starting, conducting and completing clinical trials of a product candidate; Dar\u00e9\u2019s ability to design and conduct successful clinical trials, to enroll a sufficient number of patients, to meet established clinical endpoints, to avoid undesirable side effects and other safety concerns, and to demonstrate sufficient safety and efficacy of its product candidates; Dar\u00e9\u2019s dependence on third parties to conduct clinical trials and manufacture and supply clinical trial material and commercial product; the loss of, or inability to attract, key personnel; the effects of macroeconomic conditions, geopolitical events, and public health emergencies on Dar\u00e9\u2019s operations, financial results and condition, and ability to achieve current plans and objectives, including their potential impact on Dar\u00e9\u2019s ability to timely commence, enroll, conduct and report results of its clinical trials and on the ability of third parties on which Dar\u00e9 relies to assist in the conduct of its business to fulfill their contractual obligations to Dar\u00e9; the impact of pharmaceutical industry regulation and health care legislation in the United States and internationally; the risk that developments by competitors make Dar\u00e9\u2019s product or product candidates less competitive or obsolete; difficulties establishing and sustaining relationships with development and\/or commercial collaborators; failure of Dar\u00e9\u2019s product or product candidates, if approved, to gain market acceptance or obtain adequate coverage or reimbursement from third-party payers; Dar\u00e9\u2019s ability to retain its licensed rights to develop and commercialize a product or product candidate; Dar\u00e9\u2019s ability to satisfy the monetary obligations and other requirements in connection with its exclusive, in-license agreements covering the critical patents and related intellectual property related to its product and product candidates; Dar\u00e9\u2019s ability to adequately protect or enforce its, or its licensor\u2019s, intellectual property rights; the lack of patent protection for the active ingredients in certain of Dar\u00e9\u2019s product candidates which could expose its products to competition from other formulations using the same active ingredients; product liability claims; governmental investigations or actions relating to Dar\u00e9\u2019s product or product candidates or the business activities of Dar\u00e9, its commercial collaborators or other third parties on which Dar\u00e9 relies; the impact of pharmaceutical industry regulation and health care legislation in the United States and internationally; global trends toward health care cost containment; cyber attacks, security breaches or similar events that compromise Dar\u00e9\u2019s technology systems or those of third parties on which it relies and\/or significantly disrupt Dar\u00e9\u2019s business; and disputes or other developments concerning Dar\u00e9\u2019s intellectual property rights. Dar\u00e9\u2019s forward-looking statements are based upon its current expectations and involve assumptions that may never materialize or may prove to be incorrect. All forward-looking statements are expressly qualified in their entirety by these cautionary statements. For a detailed description of Dar\u00e9\u2019s risks and uncertainties, you are encouraged to review its documents filed with the SEC including Dar\u00e9\u2019s recent filings on Form 8-K, Form 10-K and Form 10-Q. You are cautioned not to place undue reliance on forward-looking statements, which speak only as of the date on which they were made. Dar\u00e9 undertakes no obligation to update such statements to reflect events that occur or circumstances that exist after the date on which they were made, except as required by law.<\/p>\n<p>\n        <strong>Contacts:<\/strong>\n      <\/p>\n<p>Investors on behalf of Dar\u00e9 Bioscience, Inc.:<br \/>Lee Roth \/ Julia Weilman<br \/>Burns McClellan<br \/>lroth@burnsmc.com \/ jweilman@burnsmc.com<br \/>646.930.4406 \/ 646.732.4443<\/p>\n<p>OR<\/p>\n<p>Media on behalf of Dar\u00e9\u00a0Bioscience, Inc.:<br \/>Jake Robison<br \/>Evoke Canale <br \/><a href=\"https:\/\/www.globenewswire.com\/Tracker?data=RkhLsOP9Z3QNVatfv98V_iNHpANXqwFKaXbp-reEzJIrP7pbvWlQeNukgbWdG8k429Smp5Ch7rmk8Cd0fGW_CZHsm1dl1v8KwISoGXXrUNC-grAIHNGd-RkMbY9eDlwZ\" rel=\"nofollow noopener\" target=\"_blank\">jake.robison@evokegroup.com<\/a><br \/>619.849.5383<\/p>\n<p>Source: Dar\u00e9 Bioscience, Inc.<\/p>\n<\/p>\n<p>      <img decoding=\"async\" class=\"__GNW8366DE3E__IMG\" src=\"https:\/\/www.globenewswire.com\/newsroom\/ti?nf=ODkxNjE0NyM1Nzk3MzU0IzIwMDgzNjQ=\" \/><br \/>\n      <br \/>\n      <img decoding=\"async\" src=\"https:\/\/ml.globenewswire.com\/media\/ODk5MmNkZmUtMzBiZC00ZGIxLWFkYTgtNzA5ODI3ZDE0YTE1LTEwMTk5Mzc=\/tiny\/Dar-Bioscience-Inc-.png\" \/>\n    <\/div>\n<div class=\"mw_contactinfo\"><\/div>\n","protected":false},"excerpt":{"rendered":"<p>Company looks forward to anticipated 2023 milestones, including first commercial sale of XACIATO\u2122, enrollment in Ovaprene\u00ae pivotal Phase 3 study, and topline data from DARE-PDM1 Phase 1 study SAN DIEGO, Sept. 05, 2023 (GLOBE NEWSWIRE) &#8212; Dar\u00e9\u00a0Bioscience, Inc. (NASDAQ: DARE), a leader in women\u2019s health innovation, today announced the completion of its registered direct offering of common stock and warrants to purchase common stock priced at-the-market under Nasdaq rules with an institutional investor and an investor affiliated with the licensor of one of the company\u2019s early stage product candidates. The aggregate gross proceeds to Dar\u00e9, before deducting offering expenses payable by Dar\u00e9, were $7.0 million. The closing occurred on September 1, 2023. \u201cThis financing strengthened our balance sheet, providing cash &hellip; <\/p>\n<p class=\"link-more\"><a href=\"https:\/\/www.marketnewsdesk.com\/index.php\/dare-bioscience-completes-previously-announced-equity-financing\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;Dar\u00e9 Bioscience Completes Previously Announced Equity Financing&#8221;<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-781850","post","type-post","status-publish","format-standard","hentry","category-uncategorized"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.6 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Dar\u00e9 Bioscience Completes Previously Announced Equity Financing - Market Newsdesk<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.marketnewsdesk.com\/index.php\/dare-bioscience-completes-previously-announced-equity-financing\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Dar\u00e9 Bioscience Completes Previously Announced Equity Financing - Market Newsdesk\" \/>\n<meta property=\"og:description\" content=\"Company looks forward to anticipated 2023 milestones, including first commercial sale of XACIATO\u2122, enrollment in Ovaprene\u00ae pivotal Phase 3 study, and topline data from DARE-PDM1 Phase 1 study SAN DIEGO, Sept. 05, 2023 (GLOBE NEWSWIRE) &#8212; Dar\u00e9\u00a0Bioscience, Inc. (NASDAQ: DARE), a leader in women\u2019s health innovation, today announced the completion of its registered direct offering of common stock and warrants to purchase common stock priced at-the-market under Nasdaq rules with an institutional investor and an investor affiliated with the licensor of one of the company\u2019s early stage product candidates. The aggregate gross proceeds to Dar\u00e9, before deducting offering expenses payable by Dar\u00e9, were $7.0 million. The closing occurred on September 1, 2023. \u201cThis financing strengthened our balance sheet, providing cash &hellip; Continue reading &quot;Dar\u00e9 Bioscience Completes Previously Announced Equity Financing&quot;\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.marketnewsdesk.com\/index.php\/dare-bioscience-completes-previously-announced-equity-financing\/\" \/>\n<meta property=\"og:site_name\" content=\"Market Newsdesk\" \/>\n<meta property=\"article:published_time\" content=\"2023-09-05T13:51:28+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.globenewswire.com\/newsroom\/ti?nf=ODkxNjE0NyM1Nzk3MzU0IzIwMDgzNjQ=\" \/>\n<meta name=\"author\" content=\"Newsdesk\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Newsdesk\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"8 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/dare-bioscience-completes-previously-announced-equity-financing\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/dare-bioscience-completes-previously-announced-equity-financing\\\/\"},\"author\":{\"name\":\"Newsdesk\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/#\\\/schema\\\/person\\\/482f27a394d4fda80ecb5499e519d979\"},\"headline\":\"Dar\u00e9 Bioscience Completes Previously Announced Equity Financing\",\"datePublished\":\"2023-09-05T13:51:28+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/dare-bioscience-completes-previously-announced-equity-financing\\\/\"},\"wordCount\":1640,\"image\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/dare-bioscience-completes-previously-announced-equity-financing\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/www.globenewswire.com\\\/newsroom\\\/ti?nf=ODkxNjE0NyM1Nzk3MzU0IzIwMDgzNjQ=\",\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/dare-bioscience-completes-previously-announced-equity-financing\\\/\",\"url\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/dare-bioscience-completes-previously-announced-equity-financing\\\/\",\"name\":\"Dar\u00e9 Bioscience Completes Previously Announced Equity Financing - 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(NASDAQ: DARE), a leader in women\u2019s health innovation, today announced the completion of its registered direct offering of common stock and warrants to purchase common stock priced at-the-market under Nasdaq rules with an institutional investor and an investor affiliated with the licensor of one of the company\u2019s early stage product candidates. The aggregate gross proceeds to Dar\u00e9, before deducting offering expenses payable by Dar\u00e9, were $7.0 million. The closing occurred on September 1, 2023. \u201cThis financing strengthened our balance sheet, providing cash &hellip; Continue reading \"Dar\u00e9 Bioscience Completes Previously Announced Equity Financing\"","og_url":"https:\/\/www.marketnewsdesk.com\/index.php\/dare-bioscience-completes-previously-announced-equity-financing\/","og_site_name":"Market Newsdesk","article_published_time":"2023-09-05T13:51:28+00:00","og_image":[{"url":"https:\/\/www.globenewswire.com\/newsroom\/ti?nf=ODkxNjE0NyM1Nzk3MzU0IzIwMDgzNjQ=","type":"","width":"","height":""}],"author":"Newsdesk","twitter_card":"summary_large_image","twitter_misc":{"Written by":"Newsdesk","Est. reading time":"8 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/www.marketnewsdesk.com\/index.php\/dare-bioscience-completes-previously-announced-equity-financing\/#article","isPartOf":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/dare-bioscience-completes-previously-announced-equity-financing\/"},"author":{"name":"Newsdesk","@id":"https:\/\/www.marketnewsdesk.com\/#\/schema\/person\/482f27a394d4fda80ecb5499e519d979"},"headline":"Dar\u00e9 Bioscience Completes Previously Announced Equity Financing","datePublished":"2023-09-05T13:51:28+00:00","mainEntityOfPage":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/dare-bioscience-completes-previously-announced-equity-financing\/"},"wordCount":1640,"image":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/dare-bioscience-completes-previously-announced-equity-financing\/#primaryimage"},"thumbnailUrl":"https:\/\/www.globenewswire.com\/newsroom\/ti?nf=ODkxNjE0NyM1Nzk3MzU0IzIwMDgzNjQ=","inLanguage":"en-US"},{"@type":"WebPage","@id":"https:\/\/www.marketnewsdesk.com\/index.php\/dare-bioscience-completes-previously-announced-equity-financing\/","url":"https:\/\/www.marketnewsdesk.com\/index.php\/dare-bioscience-completes-previously-announced-equity-financing\/","name":"Dar\u00e9 Bioscience Completes Previously Announced Equity Financing - 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