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About Femasys Inc.
Femasys Inc. (NASDAQ: FEMY) is a pioneering biomedical company focused on transforming women's healthcare through the development of innovative, minimally invasive, and accessible therapeutic and diagnostic solutions. Headquartered in Atlanta, Georgia, the company addresses critical unmet needs in reproductive health, permanent birth control, and cancer diagnostics. With a comprehensive portfolio of FDA-cleared and globally approved products, Femasys is dedicated to improving clinical outcomes, patient accessibility, and overall healthcare economics.
Core Product Portfolio
Femasys offers a range of patented, office-based medical technologies designed to enhance patient care in key areas of women's health:
- FemaSeed® Intratubal Insemination: An FDA-cleared infertility treatment that delivers sperm directly to the fallopian tube, the natural site of conception. It serves as a cost-effective, less invasive alternative to in vitro fertilization (IVF).
- FemBloc® Permanent Birth Control: Currently in late-stage clinical development, this first-of-its-kind, non-surgical solution provides a safer, more accessible option for permanent contraception without the need for anesthesia or implants.
- FemVue® and FemVue® MINI: Diagnostic solutions for fallopian tube assessment using ultrasound, offering a reliable and non-invasive method for evaluating reproductive health.
- FemCath®: An intrauterine catheter designed for selective fallopian tube evaluation, complementing diagnostic procedures.
- FemCerv®: The first FDA-cleared endocervical tissue sampler for cervical cancer diagnosis, enabling comprehensive and uncontaminated sample collection during a pain-free office procedure.
- FemChec®: A contrast-generating product used in conjunction with FemBloc to confirm procedural success via ultrasound, eliminating the need for radiation-based methods.
Regulatory and Market Achievements
Femasys has achieved significant milestones, including FDA clearances and regulatory approvals in major markets such as the European Union, Canada, Japan, Israel, and the UK. The company's in-house manufacturing capabilities ensure compliance with stringent quality standards, including 21 CFR 820 and ISO 13485, reinforcing its commitment to delivering high-quality medical products. Additionally, its robust intellectual property portfolio, comprising over 180 patents globally, underscores its leadership in women's healthcare innovation.
Business Model and Market Position
Femasys operates within the highly regulated medical device and women's health industry, leveraging direct sales and strategic partnerships with healthcare providers and distributors to commercialize its products. The company’s focus on non-surgical, office-based solutions positions it as a disruptor in a market traditionally dominated by invasive and hospital-based procedures. By addressing gaps in affordability, accessibility, and patient convenience, Femasys caters to a growing demand for innovative healthcare solutions that align with modern clinical practices.
Competitive Landscape
Femasys competes with established players in the reproductive health and diagnostics sectors. However, its differentiation lies in the development of minimally invasive, cost-effective alternatives that can be administered in office settings. This approach not only reduces healthcare costs but also enhances patient satisfaction and provider efficiency.
Commitment to Women’s Health
Femasys is guided by a mission to empower women globally with better healthcare options. Its experienced management team, supported by world-class medical advisors, drives the company’s vision of innovation, integrity, and excellence. By focusing on underserved areas in women’s health, Femasys continues to make significant strides in improving patient outcomes and advancing medical science.
Femasys Inc. (NASDAQ: FEMY) announced a definitive agreement for a registered direct offering of 3,196,722 shares at $1.22 each, alongside a concurrent private placement of unregistered warrants for the same number of shares, exercisable at $1.095. The gross proceeds are expected to be approximately $3.9 million, aimed at working capital and general corporate purposes. The offering is set to close around April 20, 2023, pending customary conditions. H.C. Wainwright & Co. is serving as the exclusive placement agent. Both the registered and unregistered offerings have specific regulatory frameworks and cannot be publicly reoffered without appropriate registration.
Femasys Inc. (NASDAQ: FEMY) has received product approval from Health Canada for its innovative infertility solution, FemaSeed®. This first-of-its-kind artificial insemination approach aims to deliver sperm directly to the fallopian tubes, making it a less invasive and more affordable alternative to traditional methods like IVF. FemaSeed complements Femasys' existing product, FemVue®, which assesses fallopian tube patency. The company is also progressing towards a U.S. commercial launch in 2024, pending FDA clearance. CEO Kathy Lee-Sepsick emphasized that these advancements will provide safe and cutting-edge options for couples facing infertility.
Femasys Inc. (NASDAQ: FEMY) reported its 2022 financial results, revealing a net loss of $11.39 million, equating to $0.96 per share. Despite a 2.2% increase in sales to $1.21 million, research and development expenses rose significantly to $5.81 million, driven by clinical trial support and personnel costs. The gross margin decreased to 63.4% from 68.6% in 2021. Femasys continues to advance its clinical programs for FemBloc® and FemaSeed®, with notable enrollment progress in pivotal trials. The company has sufficient cash, expected to fund operations into Q1 2024, while recently launching commercial products FemCath™ and FemCerv®.
Femasys Inc. (NASDAQ: FEMY) announced its CEO, Kathy Lee-Sepsick, will speak at the South By Southwest (SXSW) 2023 Conference in Austin, Texas, from March 10-19, 2023. She is set to participate in a panel titled “The Post-Roe Fertility Journey” on March 11, 2023, discussing women's health considerations post-Roe regarding fertility management. Femasys focuses on developing minimally invasive technologies for reproductive health, including FemBloc® for permanent birth control and FemaSeed® for infertility. Their marketed products include FemVue® for fallopian tube assessment and FemCerv® for tissue sampling.