Medical-device maker Femasys files for IPO

Medical-device maker Femasys Inc. has filed for an initial public offering. The Georgia-based company, which focuses on women's health care, filed to sell $40.25 million worth of shares...

Medical-device maker Femasys files for IPO

Clinical gadget producer Femasys Inc. has petitioned for a first sale of stock. The Georgia-based organization, which centers around ladies' medical care, recorded to sell $40.25 million worth of offers. The organization intends to list its offers on the Nasdaq under the image FEMY, as per a documenting with U.S. protections controllers on Friday. Femasys said its business rose 12% to $1.04 million out of 2020, and its overal deficit limited to $6.9 million out of 2020 from a $11.3 million total deficit in 2019.

One of its gadgets, FemVue, utilized in planned impregnations, has advertising clearances or approval in the U.S., Europe, Canada, and Japan, yet as of now its deal is "an extremely restricted direct exertion," the organization said.