First oral testosterone replacement option – Targeting ~ $2.0 Billion TRT market – NDA submitted August 2015 – Differentiated from existing products Orphan designated oral alternative for the prevention of preterm birth – Avoids painful injections of the only FDA approved intra-muscular drug – Multi-dose PK study expected to start 4Q 2015 Strong Balance Sheet – Over $53M in Cash as of June 30th – Sufficient to last past LPCN 1021 anticipated PDUFA date – No Debt
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