Femasys Secures Term Loan Facility from Silicon Valley Bank

Femasys Inc., an Atlanta, GA-based developer of innovative medical devices for the women’s healthcare market, secured a term loan facility from Silicon Valley Bank.

Under the loan facility, whose amount was not disclosed, the company received initial funding and a conditional option to receive additional funding.

Femasys will use the funds for working capital as it supports the advancement of its device.

Led by Kathy Lee-Sepsick, President & CEO, Femasys is advancing non-surgical female sterilization medical devices.Its FemBloc™ Permanent Contraceptive System allows physicians to deliver a biomaterial through a catheter based system. Its two commercially available products include a device for diagnosis of infertility (FemVue® Saline-Air device) and a sampler for cervical cancer (FemCerv® Endocervical Sampler).



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