Results of Operations and Financial Condition.

On March 22, 2023, Context Therapeutics Inc. (the "Company") issued a press release announcing its financial results for the year ended December 31, 2022. A copy of the press release is attached as Exhibit 99.1 to this report and is incorporated herein by reference.

Item 2.05

Costs Associated with Exit or Disposal Activities.

On March 17, 2023, the Board of Directors (the "Board") of the Company approved a portfolio prioritization and capital allocation strategy, including discontinuing the development of onapristone extended release ("ONA-XR") and focusing on the development of CTIM-76. Based upon the challenging market conditions for emerging companies, the increasingly competitive landscape for breast cancer treatments, recent study findings, and other factors, the Company decided to cease development and explore strategic options for ONA-XR.

The Company intends to file an amended Current Report on Form 8-K when it is able to estimate the total amount or range of amounts expected to be incurred in connection with the discontinuation of the ONA-XR program, both in the aggregate and for each major type of cost, and an estimate of the amount or range of amounts of the charge that will result in future cash expenditures, if any.



Item 7.01.
Regulation FD Disclosure.

On March 22, 2023, the Company updated its corporate presentation for use in meetings with investors, analysts and others. A copy of the corporate presentation is filed as Exhibit 99.2 to this Current Report on Form 8-K and incorporated herein by reference.

* * *

The information in this Item 2.02, Item 7.01, Exhibit 99.1 and Exhibit 99.2 attached hereto are being furnished and shall not be deemed "filed" for the purposes of Section 18 of the Securities Exchange Act of 1934, as amended, or otherwise subject to the liabilities of that section, nor shall it be deemed incorporated by reference in any filing under the Securities Act of 1933, as amended, regardless of any general incorporation language in such filing.




Item 9.01. Exhibits.

(d) Exhibits

Exhibit No.              Description
                           Press Release issued by Context Therapeutics Inc., dated
99.1                     March 22, 2023
                           Context Therapeutics Inc. Corporate Presentation - March
99.2                     2023
                         Cover Page Interactive Data File (embedded within the inline
104                      XBRL document)

--------------------------------------------------------------------------------

© Edgar Online, source Glimpses