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Benzinga
Benzinga
Business
Adam Eckert

Why Evofem Biosciences Stock Is Surging Today

Evofem Biosciences Inc (NASDAQ:EVFM) shares are trading higher Tuesday after the company announced an agreement with a pharmacy benefit manager.

The agreement aims to ensure most women covered by this plan can fill their Phexxi prescriptions for pregnancy prevention, without restrictions such as prior authorization or step therapy. Phexxi is an on-demand method of birth control used to prevent pregnancy.

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