TherapeuticsMD rises on securing $15 mln investment

TherapeuticsMD

01/08/2022 12:55

** TherapeuticsMD Inc's shares  TXMD.O  up 6.6% at $5.97
before the bell
    ** Women-focused drug maker receives $15 mln equity
investment from PE firm Rubric Capital Management LP
 urn:newsml:reuters.com:*:nBw6ZtVFTa
    ** Following deal closure, Rubric will own about 18.3% of
the co's common stock
    ** Also reaches agreement with Sixth Street Specialty
Lending Inc to extend maturity date of financing agreement to
Sep. 30 
    ** Both agreements to provide management time to "evaluate
strategic alternatives" to strengthen long-term financial
position - TXMD
    ** Up to Friday's close, stock had fallen 65% YTD

 (Reporting by Khushi Mandowara)
 ((Khushi.Mandowara@thomsonreuters.com;))