Financial SupportFemasys announced a strategic upfront investment lead by PharmaCyte for $6.85M upfront, which combined with potential revenue from warrants, now expects Femasys has cash runway into 2H25.
Market OpportunityManagement has commented that infertility is a well-defined market, with approximately 430 practices in the US, many of which are already call points for Femasys' other devices.
Product LaunchFemaSeed US launch expected in early 2024 with no additional regulatory/manufacturing hurdles, and the launch will likely boost sales of all devices.