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TXMD - TherapeuticsMD new initiative designed to save $40M in annual costs
TherapeuticsMD Inc.
TherapeuticsMD (NASDAQ:TXMD) has announced a new cost savings initiative designed to save at least $40M beginning in 2022. The company also says it will save $20M annually due to the divestiture of vitaCare. In Q3 2021, TherapeuticsMD's net loss widened ~45% to $47.4M (-$0.11 per basic and diluted share). Total operating expenses increased ~46% to ~$60M The company ended the quarter with $104.8M in cash.