Draft:Cadence OTC
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| Industry | Consumer healthcare company |
|---|---|
| Founded | 2016 U.S. |
| Founder | Dr. Malcolm Potts, Dr. Nap Hosang, and Samantha Miller |
| Headquarters | Oakland, California , U.S. |
Area served | United States |
Key people | Dr. Malcolm Potts (Founder) Dr. Nap Hosang (Founder) Samantha Miller (Founder) |
| Products | Emergency contraceptive pills, Pregnancy tests, Birth control pills |
| Website | cadenceotc |
Cadence Health, Inc., also known as Cadence OTC, is a privately held consumer healthcare company in the United States.[1][2] Founded by Dr. Malcolm Potts, Dr. Nap Hosang, and Samantha Miller in 2016 as a public benefit company (PBC) based in Oakland, California, Cadence OTC works to improve access to affordable contraceptives without a medical prescription. [3]
In 2016, Cadence OTC bought the rights to two estrogen-progestin combined oral contraceptives, Lo/Ovral and Alesse, from Pfizer. [4][5] Since then, Cadence OTC has collaborated with the U.S. Food and Drug Administration (FDA) to enable the sale of its birth control pill, Zena, for over-the-counter sale through a process known as the “first–in-class Rx-to-OTC switch.” [6][7] Zena is pending FDA approval and is not yet available for consumers.
One of Cadence OTC’s products, Morning After Pill, is an emergency contraceptive launched in June 2024. It is available at convenience stores like 7-Eleven and Circle K across the United States, specifically in remote communities where women do not have nearby access to emergency contraceptives.[8][9] Another product, Early PT, is an early-result pregnancy test currently in development. [10][11]
Morning After Pill
[edit]Cadence OTC’s emergency contraceptive, the Morning After Pill, was launched in January 2024. [12] This OTC emergency contraceptive is designed to prevent pregnancy after unprotected sex or condom failure. Each Morning After Pill contains 1.5 mg Levonorgestrel. [13] It is taken as a single dose after unprotected sex or condom failure to prevent an unintended pregnancy. The mechanism of action is to delay release of eggs from the ovary.
Cadence OTC’s Morning After Pill can be found at convenience stores across the United States, including 7-Eleven stores, Circle K, XtraMart, Jiffymart, NewsLink locations at Miami, Nashville, and Tampa airports.[14][15][16] As of June 2024, Cadence OTC’s Morning After Pill is available through Amazon. [17]
In June 2024, Morning After Pill was announced as a finalist for Retailer Best New Product by CSP Daily News.[18]
Zena
[edit]Zena is Cadence OTC’s first combination birth control pill, which contains a dose of progestin and estrogen. [19] Zena's triangular blister packaging distinguishes active pills from placebo pills, addressing common errors associated with traditional rectangular blister packs. Cadence OTC has been granted trademark and design protections by the United States Patent and Trademark Office (USPTO).
As of July 2024, FDA approval for Zena is pending and is labeled as an investigational drug.[20][21][22][23][24]
Partnerships
[edit]Cadence OTC partnered with Lil’ Drug Store Products Inc., a convenience store health product supplier, in January 2024, to distribute their Morning After Pill.[25] This collaboration enables access of the Morning After Pill to more than 180,000 retail locations nationwide, including convenience stores in 8,000 zip codes characterized as “contraceptive deserts.” [26]
Funding
[edit]Cadence OTC has received over $30 million USD in funding from various investors, including Soros Economic Development Fund, RH Capital and NJF Capital, theGlobal Fund for Women, the Disney family, the Gamble family of Pathfinder International, Templeton World Charities, Tara Health, Educational Foundation of America, and celebrities like Elizabeth Banks, Damon Lindelof, and Heidi Lindelof.[27][28][29]
Leadership
[edit]- Samantha Miller: Co-Founder and CEO (2016-present)[30]
- Malcolm Potts: Co-Founder and Scientific Advisor (2016-present)[31]
- Dr. Nap Hosang: Co-Founder and Chief Medical Officer (2016-present)[32]
- Dr. Simon Gilburt: Senior VP, Clinical Research & Medical Affairs (2020-present)[33]
- Michelle Chun: VP Operations (2023-present)[34]
- Timothy Koogle: Board Chair[35]
- Abigail Disney: Board Member[36]
References
[edit]- ^ "Nevertheless, they persisted". 9 March 2023.
- ^ "Cadence OTC Overview".
- ^ "Cadence OTC Overview".
- ^ "Nevertheless, they persisted". 9 March 2023.
- ^ "Lil' Drug Store Becomes Exclusive Convenience Channel Distributor for Emergency Contraceptive".
- ^ "Cadence OTC". 11 March 2024.
- ^ "After Roe ruling, Perrigo's HRA Pharma asks FDA to make its birth control pill available OTC".
- ^ "Cadence OTC sweeps Plan B, Ella with a $20 Morning After Pill". 2 June 2024.
- ^ "Lil' Drug Store Becomes Exclusive Convenience Channel Distributor for Emergency Contraceptive".
- ^ "Cadence OTC". 11 March 2024.
- ^ "CSP Announces Finalists in 2024 Retailer Choice Best New Products Contest".
- ^ "Cadence OTC". 11 March 2024.
- ^ "Cadence OTC". 11 March 2024.
- ^ "Cadence OTC sweeps Plan B, Ella with a $20 Morning After Pill". 2 June 2024.
- ^ "Lil' Drug Store Becomes Exclusive Convenience Channel Distributor for Emergency Contraceptive".
- ^ "Cadence OTC". 11 March 2024.
- ^ "The morning after pill is now being sold at convenience stores across the U.S." 19 March 2024.
- ^ "CSP Announces Finalists in 2024 Retailer Choice Best New Products Contest".
- ^ "US considers first over-the-counter birth control pill".
- ^ "Bay Area company could be next with over-the-counter birth control". 28 July 2023.
- ^ "FDA to consider making prescription contraceptive pill available over-the-counter". 11 July 2022.
- ^ "Soon Birth Control Could Be Available Over the Counter". 12 July 2022.
- ^ "FDA Mulling Over-the-Counter Sale of Contraceptive Pill".
- ^ "Over-the-counter birth control? Drugmaker seeks FDA approval". Associated Press News. 11 July 2022.
- ^ "Lil' Drug Store Becomes Exclusive Convenience Channel Distributor for Emergency Contraceptive".
- ^ "Lil' Drug Store Becomes Exclusive Convenience Channel Distributor for Emergency Contraceptive".
- ^ "Cadence OTC Overview".
- ^ "ANNUAL REPORT OF PROXY VOTING RECORD OF REGISTERED MANAGEMENT INVESTMENT COMPANY".
- ^ "Buckhill Capital Invests in Cadence Health's Series B Round". 25 November 2019.
- ^ "Cadence OTC Overview".
- ^ "Cadence OTC Overview".
- ^ "Nap Hosang: Public Health Entrepreneur Continues Fight for Women's Health". 10 July 2017.
- ^ "2023 CHPA REGU:ATORY SCIENTIFIC & QUALITY CONFERENCE" (PDF).
- ^ "Cadence OTC".
- ^ "ANNUAL REPORT OF PROXY VOTING RECORD OF REGISTERED MANAGEMENT INVESTMENT COMPANY".
- ^ "Cadence OTC Overview".