CHICAGO - Female Health Co., based in Chicago, has filed a registration statement with the Securities and Exchange Commission for the sale of as many as 1.7 million shares of common stock. The company, formerly known as Wisconsin Pharmacal Co., owns the worldwide rights to the female condom. The polyure-thane condom is made in London using a proprietary process of stamping and sealing.
Female Health Co. expects to raise $5 million to $7 million in the offering.
The company said the proceeds will help develop business and market the condom, sold under the name Reality.
The condom is the start-up manufacturing and marketing company's only product.