Study to Evaluate the Pharmacokinetics (PK), Pharmacodynamics (PD), and Usability of Abaloparatide-solid Microstructured Transdermal System (sMTS) in Postmenopausal Women With Low Bone Mineral Density (BMD)

Inclusion Criteria: * Postmenopausal for at least 2 years * BMD T-score based on the female reference range \<-1.0 and \>-5.0 at the lumbar spine (L1-L4) or hip (femoral neck or total hip) by dual energy X-ray absorptiometry (DXA) * Good general health as determined by medical history and physical exam (including vital signs, and has a body mass index up to 33 kilograms/square meter (kg/m\^2) * Laboratory tests within the normal range including serum calcium (albumin-corrected), intact parathyroid hormone (PTH), serum phosphorus, alkaline phosphatase, and thyroid stimulating hormone * Serum 25-hydroxyvitamin D values ≥ 20 nanograms per milliliter (ng/mL) Exclusion Criteria: * History of prior external beam or implant radiation therapy involving the skeleton, other than radioiodine * History of bone disorders other than postmenopausal osteoporosis (such as Paget's disease) * History of cancer within the last 5 years (with the exception of basal cell or squamous cancer of the skin) * History of Cushing's disease, hypo or hyperparathyroidism, or malabsorptive syndromes within the past year * Prior treatment with PTH, PTH-related peptide-derived drugs, or bone anabolic steroids, including abaloparatide, teriparatide, or PTH (1-84) * Prior treatment with intravenous bisphosphonates at any time or oral bisphosphonates within the past year (12 months). Participants who have received a short course of oral bisphosphonate therapy (3 months or less) may be enrolled as long as the treatment occurred 6 or more months prior to enrollment * Prior treatment with an investigational drug or device within the past 3 months or 5 half-lives of the investigational drug, whichever is longer