Platforms

BlackBull Markets provides you with 
world-renowned trading platforms
so you can trade the way you want.
Virtual Private Servers
VPS TradingNYC ServersBeeksFX

About us

Based out of Auckland, New Zealand, we bring an institutional trading experience to the retail market.
Mark O' Donnell
 · 
Research Analyst
July 5, 2022
 · 

How does the abortion ban affect birth control stocks?

birth control stocks

The debate over abortion reignited in the US following the Supreme Court’s decision to overturn the landmark 1973 Roe v. Wade ruling that generally protects women’s rights to abortion. 

Upending five decades-old right to abortion 

In a 5-4 decision, the Supreme Court on June 24 overturned the ruling that many critics say will have far-reaching consequences in many states. The court upheld a Republican-backed Mississippi law that bans abortion, drawing the disapproval of Democrats including US President Joe Biden

Biden, in a statement shortly after the court’s decision, saying the health and life of women “are now at risk,” adding that the US administration will continue to protect women’s access to medications that are approved by the US Food and Drug Administration like contraception. 

Birth control stock beneficiaries 

Fears that abortion could be curtailed in many states prompted retail investors to pile into the stocks of some producers of contraceptives like Evofem Biosciences (NASDAQ:EVFM), Femasys (NASDAQ:FEMY) and Agile Therapeutics (NASDAQ:AGRX).

birth control stocks
EVFM 1H, with Volume Oscillator Indicator 

On June 24, Evofem soared 189%, Agile jumped 90%, while Femasys surged 31%. 

The sentiment came as consumers rushed to stock up on emergency contraceptives like the well-known morning-after pill Plan B, manufactured by privately held Foundation Consumer Healthcare. 

Burgeoning market 

In 2021, the US contraceptive market was valued at roughly $8.3 billion and is estimated to expand at a compound annual growth rate of around 4.7% by 2030, according to a report by Grand View Research. The sector’s annual revenue is predicted to grow to $12 billion in 2030. 

The market’s growth is be attributed to rising awareness among adolescents about sexual health and family planning. 

Precedent for outlawing contraceptives 

However, some have raised concerns that access to contraceptives could be at stake following the Roe v Wade overturn.  

In a survey by Morning Consult in April, the firm found that 68% of adults are in favor of the offering of free birth control by states, including 54% of Republicans. Yet, some hospitals in Missouri have already stopped offering Plan B, citing the abortion ban. 

On Friday, before the US markets closed for the Fourth of July holiday, Evofem tumbled 19%, Femasys tanked almost 17%, while Agile nosedived 45%. 

Get access to more than 23,000 stocks today

Trade with an award-winning broker
Start trading in less than 5 minutes