Wednesday, July 07, 2021 12:41:23 PM
?=
DARE Stock: Why Did ‘Gates’ Give Dare Bioscience a $49M Grant?
7/7/2021 11:41am EDT
By William White, InvestorPlace Writer
Dare Bioscience (NASDAQ:DARE) stock is rising higher on Wednesday after revealing a $48.95 million grant from the Bill & Melinda Gates Foundation.
??
Source: Paolo Bona / Shutterstock.com
According to a filing with the U.S. Securities and Exchange Commission (SEC), Dare Bioscience will be using the funds for the development of its DARE-LARC1 product. This is an “investigational user-controlled, long-acting reversible contraceptive.”
Dare Bioscience will receive an initial payment of $11.45 million from the Bill & Melinda Gates Foundation this month. It will get additional payments as it progresses with the development of the contraceptive. The company will also have to return any funds from the grant that it doesn’t use.
The Bill & Melinda Gates Foundation grant also comes with specific conditions that Dare Bioscience has to uphold. That includes making the product affordable and available in developing countries. It must also provide them to the U.S. educational system and public libraries. The information gained from the development of the contraceptive must also be disseminated promptly and broadly according to the Global Access Commitment.
It’s worth noting that Dare Bioscience only has access to the grant for a certain period of time. The company can use the funds in human tests starting on June 30, 2021, and lasting until November 1, 2026.
DARE stock is seeing heavy trading today on the grant news. As of this writing, some 147 million shares have changed hands. That’s a major jump compared to the company’s daily average trading volume of about 2.1 million shares.
DARE stock was up 21.4% as of Wednesday morning.
Investors that are still looking for more stock market news from today should keep scrolling!
There’s still plenty of stock market news to discuss today and InvestorPlace has it covered. That includes the latest news concerning Newegg (NASDAQ:NEGG), Clover Health (NASDAQ:CLOV), and Exela Technologies (NASDAQ:XELA). You can learn more about this at the following links!
More Wednesday Stock Market News
NEGG Stock: The Latest Headlines That Have Grabbed Newegg Investors’ Attention
CLOV Stock: The News That Should Have Clover Health Fans Cheering
XELA Stock: Could Exela Technologies Become the Next GameStop? 7 Things for Investors to Know
On the date of publication, William White did not have (either directly or indirectly) any positions in the securities mentioned in this article. The opinions expressed in this article are those of the writer, subject to the InvestorPlace.com Publishing Guidelines.
With only the rarest exceptions, InvestorPlace does not publish commentary about companies that have a market cap of less than $100 million or trade less than 100,000 shares each day. That’s because these “penny stocks” are frequently the playground for scam artists and market manipulators. If we ever do publish commentary on a low-volume stock that may be affected by our commentary, we demand that?InvestorPlace.com’s writers disclose this fact and warn readers of the risks. Read More:?Penny Stocks — How to Profit Without Getting Scammed
?Subscribe
Most Popular on InvestorPlace
Is Dogecoin Dead? 7 Cryptos Headed Toward the Crypt
Everyone Will Be Calling Lucid Motors the ‘Tesla-Killer’ by July 4, 2022
7 Strong Stocks to Buy for July 2021
Short-Squeeze Stocks: Today’s Top 10 Stocks With High Short Interest
7 Top-Rated REITs to Buy Today
Contact Us
Help
Careers
Advertise With Us
Disclosures & Disclaimers
Privacy Policy
Terms of Use
DMCA Policy
RSS
Financial Market Data powered by FinancialContent Services, Inc. All rights reserved. Nasdaq quotes delayed at least 15 minutes, all others at least 20 minutes.
Copyright © 2021 InvestorPlace Media, LLC. All rights reserved. 1125 N. Charles St, Baltimore, MD 21201.
Recent DARE News
- Daré Bioscience Announces Publication in The Journal of Sexual Medicine of Positive Safety Findings from the Phase 2b RESPOND Clinical Study of Sildenafil Cream, 3.6% • GlobeNewswire Inc. • 08/26/2024 12:00:00 PM
- Daré Bioscience Announces Publication in The Journal of Sexual Medicine of Positive Findings from the Phase 2b RESPOND Clinical Study of Sildenafil Cream, 3.6% • GlobeNewswire Inc. • 08/13/2024 12:00:00 PM
- Form 10-Q - Quarterly report [Sections 13 or 15(d)] • Edgar (US Regulatory) • 08/12/2024 08:05:47 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 08/12/2024 08:01:31 PM
- Daré Bioscience Reports Second Quarter 2024 Financial Results and Provides Company Update • GlobeNewswire Inc. • 08/12/2024 08:01:00 PM
- Daré Bioscience to Host Second Quarter 2024 Financial Results and Company Update Conference Call and Webcast on August 12, 2024 • GlobeNewswire Inc. • 08/05/2024 12:00:00 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 07/19/2024 12:05:26 PM
- Daré Bioscience Regains Compliance with Nasdaq Minimum Bid Price Rule • GlobeNewswire Inc. • 07/19/2024 12:00:00 PM
- Daré Bioscience Announces Reverse Stock Split • GlobeNewswire Inc. • 06/27/2024 12:00:00 PM
- Daré Bioscience Announces Publication in Obstetrics & Gynecology of Phase 2b Study Efficacy Results of Topical Sildenafil Cream, 3.6% for the Treatment of Female Sexual Arousal Disorder • GlobeNewswire Inc. • 06/24/2024 12:00:00 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 06/07/2024 09:15:40 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 06/07/2024 09:15:35 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 06/07/2024 09:15:33 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 06/07/2024 08:05:32 PM
- Form 10-Q - Quarterly report [Sections 13 or 15(d)] • Edgar (US Regulatory) • 05/14/2024 08:01:58 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 05/14/2024 12:05:24 PM
- Daré Bioscience Reports First Quarter 2024 Financial Results and Provides Company Update • GlobeNewswire Inc. • 05/14/2024 12:00:00 PM
- Form EFFECT - Notice of Effectiveness • Edgar (US Regulatory) • 05/13/2024 04:15:35 AM
- Form 424B5 - Prospectus [Rule 424(b)(5)] • Edgar (US Regulatory) • 05/10/2024 08:12:44 PM
- Daré Bioscience to Host First Quarter 2024 Financial Results and Company Update Conference Call and Webcast on May 14, 2024 • GlobeNewswire Inc. • 05/07/2024 12:00:00 PM
- Daré Bioscience Selected as a Member of ARPA-H Investor Catalyst Hub Spoke Network • GlobeNewswire Inc. • 05/02/2024 12:00:00 PM
- Daré Bioscience Secures $22 Million in Non-Dilutive Strategic Royalty Financing to Advance Phase 3 First-in-Category Women’s Health Product Candidates through Key Catalysts • GlobeNewswire Inc. • 04/30/2024 11:30:00 AM
- Daré Bioscience Announces Grant Funding Installment to Support Further Development of Novel Contraceptive Technology DARE-LARC1 • GlobeNewswire Inc. • 04/23/2024 12:00:00 PM
- Daré Bioscience Announces Publication in Contraception of Positive Efficacy and Safety Findings from a Pre-Pivotal Postcoital Test Study of Ovaprene®: an Investigational Hormone-Free Monthly Intravaginal Contraceptive • GlobeNewswire Inc. • 04/11/2024 12:00:00 PM
- Daré Bioscience Reports Full Year 2023 Financial Results and Provides Company Update • GlobeNewswire Inc. • 03/28/2024 12:00:00 PM
FEATURED Cannabix Technologies and Omega Laboratories Inc. Advance Marijuana Breathalyzer Technology - Dr. Bruce Goldberger to Present at Society of Forensic Toxicologists Conference • Sep 24, 2024 8:50 AM
FEATURED Integrated Ventures, Inc Announces Strategic Partnership For GLP-1 (Semaglutide) Procurement Through MedWell USA, LLC. • Sep 24, 2024 8:45 AM
Avant Technologies Accelerates Creation of AI-Powered Platform to Revolutionize Patient Care • AVAI • Sep 24, 2024 8:00 AM
VHAI - Vocodia Partners with Leading Political Super PACs to Revolutionize Fundraising Efforts • VHAI • Sep 19, 2024 11:48 AM
Dear Cashmere Group Holding Co. AKA Swifty Global Signs Binding Letter of Intent to be Acquired by Signing Day Sports • DRCR • Sep 19, 2024 10:26 AM
HealthLynked Launches Virtual Urgent Care Through Partnership with Lyric Health. • HLYK • Sep 19, 2024 8:00 AM