Femasys Announces CE Mark and Canadian Approval for FemVue® MINI, a Fallopian Tube Assessment Solution
August 29 2024 - 8:30AM
Femasys Inc. (NASDAQ: FEMY), a leading biomedical company
focused on addressing significant unmet needs of women worldwide
with a broad portfolio of in-office, accessible and innovative
therapeutic and diagnostic products, announces that it has received
CE mark certification and product approval from Health Canada, the
Public Health Agency of Canada, for its compact, eco-friendly
FemVue® MINI for fallopian tube assessment.
“Our mission at Femasys has always been to develop cutting-edge
technology that are safe, affordable, and accessible to address
critical needs in women’s health,” said Kathy Lee-Sepsick, Femasys’
Founder, President, and CEO. “With the FemVue MINI, we are
advancing an equally effective solution in a smaller footprint that
is aligned with our initiative to be environmentally conscious
demonstrating our commitment to sustainability.”
The FemVue MINI is designed to provide the same high level of
efficacy as its predecessor while embracing an eco-conscious form
factor. By optimizing the size and environmental impact of FemVue,
the Company aims to make a significant positive difference in
resource management within women’s health care. The CE mark
certification and Canadian approval of FemVue MINI open new
opportunities for expanded access to advanced diagnostic technology
for women across Europe and Canada.
The FemVue MINI’s development is part of Femasys’ broader
initiative to integrate environmentally impactful programs for its
product lines. As Femasys continues to push the boundaries of
innovation, the Company remains dedicated to balancing
technological advancement with responsible resource management
while maintaining high standards of environmental
responsibility.
About FemVueFemVue® is the first FDA-cleared
product that creates natural contrast to allow for real time
evaluation of the fallopian tubes with ultrasound in the GYN’s
office that is safer and less costly than the alternative radiology
exam. FemVue has also received regulatory approval in Canada and
Europe.
About FemasysFemasys is a leading biomedical
company focused on addressing significant unmet needs of women
worldwide with a broad portfolio of in-office, accessible, and
innovative therapeutic and diagnostic solutions, including a lead
revolutionary product candidate and FDA-cleared products.
FemaSeed® Intratubal Insemination, an innovative infertility
treatment designed to deliver sperm directly where conception
occurs, is FDA-cleared and has received regulatory approval in
Canada and Europe under the EU MDR. FemBloc® permanent birth
control in late-stage clinical development is the first and only
non-surgical, in-office, permanent birth control method intended to
be a safer option for women at substantially less cost than the
long-standing surgical alternative. The Company has developed
diagnostic products that are complementary for which it has
achieved regulatory approvals to market in the U.S., Canada,
Europe, and other ex-U.S. territories, and which are
commercial-ready due to its in-house manufacturing capabilities.
Its diagnostic products include FemVue® and FemVue® Mini for
fallopian tube assessment by ultrasound, which can be used in
conjunction with FemCath®, an intrauterine catheter for selective
fallopian tube evaluation, and FemCerv®, an endocervical tissue
sampler for cervical cancer diagnosis. Learn more at
www.femasys.com, or follow us on X, Facebook and LinkedIn.
Forward-Looking Statements This press
release contains forward-looking statements that are subject to
substantial risks and uncertainties. Forward-looking statements can
be identified by terms such as “may,” “will,” “should,” “expect,”
“plan,” “anticipate,” “could,” “pending,” “intend,” “believe,”
“suggests,” “potential,” “hope,” or “continue” or the negative of
these terms or other similar expressions, although not all
forward-looking statements contain these words. Forward-looking
statements are based on our current expectations and are subject to
inherent uncertainties, risks and assumptions, many of which are
beyond our control, difficult to predict and could cause actual
results to differ materially from what we expect. Further, certain
forward-looking statements are based on assumptions as to future
events that may not prove to be accurate. Factors that could
cause actual results to differ include, among others: our ability
to develop and advance our current product candidates and programs
into, and successfully initiate, enroll and complete, clinical
trials; the ability of our clinical trials to demonstrate safety
and effectiveness of our product candidates and other positive
results; estimates regarding the total addressable market for our
products and product candidates; our ability to commercialize our
products and product candidates, or the effect of delays in
commercializing our products, including FemaSeed; our business
model and strategic plans for our products, technologies and
business, including our implementation thereof; and those other
risks and uncertainties described in the section titled "Risk
Factors" in our Annual Report on Form 10-K for the year ended
December 31, 2023, and other reports as filed with the SEC.
Forward-looking statements contained in this press release are made
as of this date, and Femasys undertakes no duty to update such
information except as required under applicable law.
Contacts:
Investors: Matt BlaiseIR@femasys.com
Media Contact: Kati WaldenburgMedia@femasys.com
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