3 Women's Health Stocks Are Soaring Following Roe v. Wade Ruling

Zinger Key Points
  • Contraceptives stocks are rising following the Roe v. Wade Supreme Court ruling.
  • It's unclear how much of an impact the court decision will have on birth control sales.

Three days after the U.S. Supreme Court struck down Roe v. Wade in one of the most potentially impactful rulings of the last century, a handful of women's health stocks are on the move on Monday in response to the news.

Stocks On The Move: Evofem Biosciences Inc EVFM shares ripped higher by more than 133% on Monday morning. Evofem's Phexxi vaginal gel is a contraceptive that can be applied zero to 60 minutes prior to each act of intercourse. Phexxis is a combination of lactic acid, citric acid and potassium bitartrate and is the first and only hormone-free, on-demand prescription contraceptive vaginal gel.

"When women are denied safe, legal abortion, the importance of access to FDA-approved contraception is greater than it has ever been," Evofem CEO Saundra Pelletier said in May.

Related Link: The US Is 'Going Backwards In Time': Here's What Dave Portnoy Said In His Roe V. Wade Reaction Rant

Agile Therapeutics Inc AGRX shares were up 15.1% on Monday morning. Agile is the maker of Twirla, a weekly contraceptive patch approved by the FDA in early 2020. Agile announced the commercial launch of Twirla in March and is targeting primarily 18- to 24-year-old women.

Dare Bioscience Inc DARE shares rallied 7.7% on Monday as well. Dare is a clinical-stage biopharmaceutical company focused on developing products for women’s health. Dare's Ovaprene is an investigational hormone-free monthly intravaginal contraceptive.

Related Link: What Bill Clinton Has To Say About Supreme Court Ruling On Roe V. Wade

Benzinga's Take: It's unclear at this point how much of a sales boost contraceptives will get following the Roe v. Wade ruling and how much of Monday's trading action is simply volatility generated in relatively thinly traded stocks generated by the news headlines.

Regardless of your personal beliefs about Roe v. Wade, traders should tread cautiously in these birth control stocks.

Posted In: abortionRoe v. WadeSupreme CourtBiotechNewsPenny StocksLegalMoversTrading IdeasGeneral

Ad Disclosure: The rate information is obtained by Bankrate from the listed institutions. Bankrate cannot guaranty the accuracy or availability of any rates shown above. Institutions may have different rates on their own websites than those posted on Bankrate.com. The listings that appear on this page are from companies from which this website receives compensation, which may impact how, where, and in what order products appear. This table does not include all companies or all available products.

All rates are subject to change without notice and may vary depending on location. These quotes are from banks, thrifts, and credit unions, some of whom have paid for a link to their own Web site where you can find additional information. Those with a paid link are our Advertisers. Those without a paid link are listings we obtain to improve the consumer shopping experience and are not Advertisers. To receive the Bankrate.com rate from an Advertiser, please identify yourself as a Bankrate customer. Bank and thrift deposits are insured by the Federal Deposit Insurance Corp. Credit union deposits are insured by the National Credit Union Administration.

Consumer Satisfaction: Bankrate attempts to verify the accuracy and availability of its Advertisers' terms through its quality assurance process and requires Advertisers to agree to our Terms and Conditions and to adhere to our Quality Control Program. If you believe that you have received an inaccurate quote or are otherwise not satisfied with the services provided to you by the institution you choose, please click here.

Rate collection and criteria: Click here for more information on rate collection and criteria.