Femasys Hosts Congresswoman Lucy McBath at Georgia Headquarters

Rhea-AI Summary

Femasys Inc. (Nasdaq: FEMY), a biomedical company focused on women's reproductive health, hosted Congresswoman Lucy McBath at its Georgia headquarters. The visit aimed to showcase Femasys' advancements in women's healthcare. CEO Kathy Lee-Sepsick emphasized the need for better funding and attention to women's reproductive health, expressing hope for continued dialogue with stakeholders.

Femasys offers minimally-invasive solutions with four commercially available products: FemaSeed® (intratubal insemination), FemVue® (contrast-generating device), FemCath® (selective delivery catheter), and FemCerv® (endocervical tissue sampler). These products are approved in the U.S., Canada, and Europe. The company's lead product candidate, FemBloc® (permanent birth control), is in late-stage clinical development.

Positive

• Femasys has four commercially available products with regulatory approvals in multiple countries
• The company's lead product candidate, FemBloc®, is in late-stage clinical development
• Engagement with government representatives may increase visibility and support for the company's initiatives

Negative

• None.

The Congresswoman representing Georgia’s 7th district in the U.S. House of Representatives toured Femasys’ facilities to gain a better understanding of our advancements for women’s reproductive health

ATLANTA, Aug. 27, 2024 (GLOBE NEWSWIRE) -- 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, hosted Congresswoman Lucy McBath, Georgia’s 7^th district representative to the U.S. House of Representatives, for an informative tour of the Company’s facility headquartered in Suwanee, Georgia.

Femasys Founder, President and Chief Executive Officer Kathy Lee-Sepsick said, “Women’s reproductive health continues to be underserved and underfunded across the country. We are encouraged by the continued dialogue with leaders like Congresswoman McBath around our improved solutions for accessible, effective, and affordable reproductive health options for women. We look forward to continued visits and new and extended conversations with stakeholders across government, healthcare, and advocates as we continue to push for better and less-invasive options for women in their reproductive journeys.”

Femasys provides minimally-invasive solutions that share delivery platforms. It has four commercially available products: FemaSeed^® – FDA-cleared, intratubal insemination, FemVue^® – contrast-generating device, FemCath^® – selective delivery catheter, and FemCerv^® – endocervical tissue sampler. These products have also received regulatory approval in Canada and Europe under the EU MDR. The Company’s current lead product candidate in late-stage clinical development is FemBloc^® – permanent birth control.

About Femasys

Femasys 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^® 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:
Gene Mannheimer
IR@femasys.com

Media Contact:
Kati Waldenburg
Media@femasys.com

FAQ

What products does Femasys (FEMY) currently offer in the market?

Femasys (FEMY) currently offers four commercially available products: FemaSeed® (intratubal insemination), FemVue® (contrast-generating device), FemCath® (selective delivery catheter), and FemCerv® (endocervical tissue sampler).

What is the status of Femasys' (FEMY) lead product candidate FemBloc®?

Femasys' (FEMY) lead product candidate FemBloc®, which is intended for permanent birth control, is currently in late-stage clinical development.

Where are Femasys' (FEMY) products approved for use?

Femasys' (FEMY) products have received regulatory approval in the United States, Canada, and Europe under the EU MDR.

Who visited Femasys' (FEMY) headquarters in Georgia on August 27, 2024?

Congresswoman Lucy McBath, representing Georgia's 7th district in the U.S. House of Representatives, visited Femasys' (FEMY) headquarters in Suwanee, Georgia on August 27, 2024.