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Credence MedSystems Announces Strategic Collaboration With Phillips-Medisize

Retrieved on: 
Tuesday, October 19, 2021

Credence MedSystems, Inc. announced today that it has formed a strategic collaboration with Phillips-Medisize, a Molex company, a global leader in the design and manufacturing of solutions for the pharmaceutical drug delivery market.

Key Points: 
  • Credence MedSystems, Inc. announced today that it has formed a strategic collaboration with Phillips-Medisize, a Molex company, a global leader in the design and manufacturing of solutions for the pharmaceutical drug delivery market.
  • (Graphic: Business Wire)
    The strategic relationship will support scaling of the manufacture of the Credence Companion and Dual Chamber Reconstitution Systems.
  • The Credence Connect Auto-Sensing Injection System is a connected solution for syringes targeting chronic disease management and enabling improved clinical trial compliance.
  • Credence MedSystems is an innovator of drug delivery systems that solve unmet market needs for the pharmaceutical industry.

Credence MedSystems Secures $39.9 Million Financing to Enable Scaling of Innovative Drug Delivery and Connected Health Systems

Retrieved on: 
Wednesday, September 22, 2021

Credence MedSystems, Inc. announced today that it has closed a funding round with gross proceeds of $39.9 million.

Key Points: 
  • Credence MedSystems, Inc. announced today that it has closed a funding round with gross proceeds of $39.9 million.
  • View the full release here: https://www.businesswire.com/news/home/20210922005044/en/
    The investment will be directed towards scaling of production capacity for the Credence Companion and Dual Chamber Reconstitution Systems as well as development of other members of the Companys platform of innovative drug delivery systems, including its connected health portfolio.
  • Credence MedSystems is an innovator of drug delivery systems that solve unmet market needs for the pharmaceutical industry.
  • The Dual Chamber Reconstitution platform offers single-step mixing and injection for medicines that require reconstitution at the time of delivery.