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Cosm Medical secures credit facility from PaceZero Capital Partners

TORONTO - June 21, 2024 - PaceZero Capital Partners Ltd. ("PaceZero") announced today that it has provided a senior credit facility to Cosm Medical Corp. ("Cosm"). 

"We are excited to have the support of the team at PaceZero," said Derek Sham, CEO and Founder of Cosm Medical. "The PaceZero team's commitment to positive social impact makes us natural partners as we continue our journey to improving pelvic health from obstetrics to elderly care with precision gynecological devices."   

Founded in 2017, Cosm is a medical devices company that partners with clinicians such as gynecologists and physical therapists to provide precision gynecological devices to improve female pelvic health. Cosm applies the latest advancements in artificial intelligence, software and 3D printing to custom manufacture Gynethotics™ pessaries.    


One in every four adult women, and half of all women by the age of 80, are affected by Pelvic Floor Disorders ("PFDs"). Current off-the-shelf gynecological prosthetics, better known as pessaries, are used to treat PFDs and have not changed in over 50 years. Traditional pessaries have many issues, including improper fit that results in patient discomfort and potential complications.  


In March 2024, Cosm Medical received FDA clearance for Gynethotics™, expanding from 100 different shapes and sizes of off-the-shelf pessaries to over 10 million design variations, marking a significant milestone in Cosm's mission to enhance women's health. This achievement follows recent Health Canada clearance and the completion of a study by Sinai Health Systems that demonstrated improved patient symptoms and satisfaction among all participants. 


"Cosm is at the forefront of innovation in the women's healthcare industry," said Brendan Horan, Senior Associate at PaceZero. "Cosm's technology sets a new standard for personalized care. We are proud to support their mission and growth." 


About PaceZero Capital Partners: 

PaceZero Capital Partners is an independent sustainability-focused private debt firm, headquartered in Toronto, Canada. PaceZero executes credit investments in established, high-growth companies developing innovative technologies that drive improved social and environmental outcomes. The company provides flexible capital that falls between traditional growth equity and commercial debt. 


About Cosm Medical:  

Headquartered in Toronto, Canada, Cosm is on a mission to transform the fast-growing and under-recognized field of female pelvic health through personalized gynecological devices. Cosm's first product, Gynethotics™, manages pelvic floor disorders and provides patients with a higher quality product that results in lower symptoms and more comfort, improving overall quality of life. Gynethotics™ are the world's first patient-specific gynecological device allowing clinicians to personalize pessaries for a women's unique body and needs.  




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