Credence MedSystems

Credence MedSystems

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Private Company

Total funding raised: $70M

Overview

Credence MedSystems is a private medical device company founded in 2010, headquartered in Menlo Park, California. It provides innovative, IP-protected injectable drug delivery systems, including syringe systems, dual-chamber devices, metered dosing, and connected health solutions, to solve complex formulation, usability, and supply chain challenges for drug manufacturers. The company is in a revenue-generating stage, partnering with global pharmaceutical leaders, and is recognized in the industry for its award-winning technology platform that aims to improve safety, adherence, and sustainability in medication delivery.

Drug DeliveryMedical Devices

Technology Platform

A modular platform of innovative injectable drug delivery systems including the Companion Syringe, Dual Chamber systems for reconstitution, Metered Dosing systems, and enabling technologies for connectivity and specialized needs. The platform is designed for 'Innovation Without Change,' allowing integration with existing pharmaceutical manufacturing processes and components.

Funding History

3
Total raised:$70M
Series C$40M
Series B$20M
Series A$10M

Opportunities

The company is positioned to capitalize on major industry trends including the shift to at-home administration of complex biologics, the need for devices that handle high-viscosity/formulation challenges, and the growing demand for precision dosing in ophthalmology and aesthetics.
Its 'Innovation Without Change' model lowers adoption barriers for pharmaceutical manufacturers.

Risk Factors

Key risks include dependence on a limited number of large pharmaceutical partners, regulatory risk as part of combination product approvals, and intense competition from established global device suppliers and other innovators in the drug delivery space.

Competitive Landscape

Credence competes in the injectable drug delivery device market against large, diversified players like BD, Gerresheimer, West Pharmaceutical Services, and Schott, as well as specialized innovators. Its differentiation lies in its comprehensive, modular platform and its strategy of enabling innovation without forcing changes to clients' established supply chains and processes.