BRIEF-Veru Announces The Sale Of The FC2 Female Condom Business

Reuters

2024-12-31

Dec 31 (Reuters) - Veru Inc :

* VERU ANNOUNCES THE SALE OF THE FC2 FEMALE CONDOM® (INTERNAL CONDOM) BUSINESS

* VERU INC - SELLS FC2 FEMALE CONDOM BUSINESS FOR $18 MILLION

* VERU INC - TO REDUCE HEADCOUNT BY APPROXIMATELY 90% AFTER FC2 SALE

* VERU INC - EXPECTS $12.5 MILLION PROCEEDS AFTER DEDUCTIONS FROM FC2 SALE

Source text: Further company coverage:

((Reuters.Briefs@thomsonreuters.com;))

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