Shares of TherapeuticsMD (NASDAQ: TXMD) gained more than 25% last month, according to data provided by S&P Global Market Intelligence. The pharmaceutical company, which focuses on women's health, published an investor update in mid-September reporting solid progress for its drug portfolio.
According to that update, large insurance companies are continuing to add the company's drug products to their coverage lists, Imvexxy maintained prescription momentum in August, and the CEO bought $280,000 in stock in the third quarter. All of those points contributed to investor optimism that pushed shares of the pharmaceutical company higher again after they hit a more-than-five-year low in early August. (They remain, however, about 40% below their 12-month peak.)
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