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Channel Medsystems

Channel Medsystems makes three appointments to management team including new CFO

March 31, 2022 By Sean Whooley

Channel Medsystems announced today that it appointed three new members to its executive team, including a new chief financial officer. Berkeley, California-based Channel Medsystems named Ian Vawter as VP and CFO, Rebecca Furlong as VP and president of U.S. sales and Nital Patel Bryant as senior director of marketing. Channel Medsystems develops the Cerene cryotherapy […]

Filed Under: Business/Financial News, Featured, Gynecological, Women's Health Tagged With: Channel Medsystems, Personnel Moves

FDA approves Channel Medsystems’ cryotherapy device

July 21, 2020 By Sean Whooley

Channel Medsystems announced today that it received FDA approval for its next-generation Cerene cryotherapy device for treating menstrual bleeding. Cerene initially received FDA premarket approval in March 2019 as a device with proprietary, hand-held technology for delivering cryotherapy to the lining of the uterus, freezing the tissue and significantly reducing future menstrual bleeding. The device […]

Filed Under: Food & Drug Administration (FDA), Gynecological, Regulatory/Compliance, Women's Health Tagged With: Channel Medsystems, FDA

Boston Scientific to appeal order to finish failed $275M merger

January 17, 2020 By Nancy Crotti

Boston Scientific (NYSE:BSX) will appeal a court order requiring it to complete its $275 million purchase of Channel Medsystems. On Dec. 10. 2019, a Delaware chancery court judge ordered Boston Scientific to finish the merger. In a lawsuit filed in September 2018, Channel claimed that Boston Scientific spiked the deal over a former Channel employee’s scheme to […]

Filed Under: Business/Financial News, Legal News, Mergers & Acquisitions, Wall Street Beat Tagged With: Boston Scientific, Channel Medsystems

Judge orders Boston Scientific to complete $275 million merger

December 19, 2019 By Nancy Crotti

A Delaware chancery court judge yesterday ordered Boston Scientific (NYSE:BSX) to complete its failed $275 million buyout of Channel Medsystems. In a lawsuit filed in September 2018, Channel claimed that Boston Scientific spiked the deal over a former Channel employee’s scheme to embezzle nearly $3 million from the women’s health company. Emeryville, Calif.-based Channel Medsystems […]

Filed Under: Business/Financial News, Gynecological, Legal News, Mergers & Acquisitions, Wall Street Beat, Women's Health Tagged With: Boston Scientific, Channel Medsystems

Channel Medsystems wins PMA for Cerene cryoablation device

April 2, 2019 By Brad Perriello

Channel Medsystems last week won pre-market approval from the FDA for its Cerene endometrial cryoablation device, starting the clock on a mandatory three-year post-approval study. Cerene, which is designed to treat heavy but benign bleeding in premenopausal women for whom child bearing is complete, won CE Mark approval in the European Union in June 2017. The PMA […]

Filed Under: Featured, Food & Drug Administration (FDA), Regulatory/Compliance, Women's Health Tagged With: Boston Scientific, Channel Medsystems

Delaware court fast-tracks Channel Medsystems suit against Boston Scientific

October 10, 2018 By Brad Perriello

A Delaware state court yesterday expedited a lawsuit brought by Channel Medsystems against Boston Scientific (NYSE:BSX) over a failed $275 million buyout. The lawsuit alleges that Boston Scientific spiked the deal over a former Channel employee’s alleged scheme to embezzle nearly $3 million from the women’s health company. Emeryville, Calif.-based Channel Medsystems developed Cerene, a cryogen-based endometrial ablation system […]

Filed Under: Legal News, Mergers & Acquisitions Tagged With: Boston Scientific, Channel Medsystems

Channel Medsystems sues Boston Scientific over spiked $275m buyout

September 19, 2018 By Brad Perriello

Channel Medsystems sued Boston Scientific (NYSE:BSX) this week over a $275 million buyout that Boston allegedly spiked over a former Channel employee’s alleged scheme to embezzle nearly $3 million from the women’s health company. Emeryville, Calif.-based Channel Medsystems developed Cerene, a cryogen-based endometrial ablation system designed to treat heavy menstrual bleeding that won CE Mark approval in the […]

Filed Under: Featured, Legal News, Mergers & Acquisitions, Wall Street Beat Tagged With: Boston Scientific, Channel Medsystems

Channel Medsystems adds another $14m for Cerene device

August 23, 2017 By Brad Perriello

Nearly two months after winning CE Mark approval in European Union for its Cerene device, Channel Medsystems brought in a Series C1 round worth $14.1 million. Participants included previous backers Boston Scientific (NYSE:BSX), Third Point Ventures, InCube Ventures, Aperture Venture Partners, Scientific Health Development and Longwood Fund, the Emeryville, Calif.-based company said. Cerene, a cryogen-based endometrial ablation system […]

Filed Under: Funding Roundup, Wall Street Beat, Women's Health Tagged With: Channel Medsystems

Channel Medsystems wins CE Mark for Cerene cryotherapy device

June 26, 2017 By Fink Densford

Channel Medsystems said today it won CE Mark approval in the European Union for its Cerene cryotherapy endometrial ablation device designed for treating women with heavy menstrual bleeding due to benign causes. The Emeryville, Calif.-based company said that current endometrial ablation procedures can be painful and require general anesthesia, but its Cerene device and associated procedure […]

Filed Under: Regulatory/Compliance, Women's Health Tagged With: Channel Medsystems

FDA clears Channel Medical Cerene endometrial ablation trial

November 14, 2016 By Fink Densford

Channel Medsystems said today it won FDA investigational device exemption trial approval to run a pivotal trial of its Cerene cryotherapy device designed for endometrial ablation. The multicenter pivotal trial aims to examine the safety and effectiveness of the Emeryville, Calif.-based company’s Cerene device in endometrial ablation procedures for women with heavy menstrual bleeding who […]

Filed Under: Clinical Trials, Food & Drug Administration (FDA), Women's Health Tagged With: Channel Medsystems

Channel Medsystems raises $23.8m

July 21, 2015 By Fink Densford

Channel Medsystems raised $23.8 million in a new equity financing round, where it is seeking $29.5 million, according to an SEC filing. The company is developing a global cryogen-based endometrial ablation technology system, with an initial application of endometrial ablation for women with heavy menstrual bleeding, Emeryville, Calif.-based Channel Medsystems said. Channel Medsystems found 23 unnamed […]

Filed Under: Business/Financial News, Catheters, Funding Roundup, Gynecological Tagged With: Channel Medsystems

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