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LSP-5415 is an investigational **combined hormonal contraceptive vaginal ring** developed by Lupin. It delivers the small-molecule hormones ethinyl estradiol and etonogestrel locally by the vaginal route. Ethinyl estradiol is an estrogen receptor agonist and etonogestrel is a progestin that activates the progesterone receptor; together, these hormones suppress the hypothalamic-pituitary-ovarian axis and inhibit ovulation. Lupin evaluated LSP-5415 in Phase 2 studies of ovarian-function suppression and comparative pharmacokinetics in healthy adult women. ([clinicaltrials.gov](https://clinicaltrials.gov/study/NCT05360550))
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