Ugh, the private sector is laughably bad at drug development. All the big pharma companies combined haven't put out more than a handful of genuinely innovative drugs in the past two decades.
I'm not impressed that they say condoms are not effective
They have a typical use failure rate 10x worse than an IUD so that is pretty bad. ~10% odds of pregnancy each year you use it as your only form of birth control, whereas an IUD is less than 1%. Over 10 years, that's a 35% success rate for condoms and a 90% success rate for the IUD, isn't it?