Company Description
CapsoVision, Inc. (NASDAQ: CV) is a commercial-stage medical technology company in the healthcare sector that focuses on medical devices for gastrointestinal (GI) diagnostics. According to the company’s public disclosures, CapsoVision develops advanced imaging and AI-enabled capsule endoscopy solutions aimed at transforming the detection and diagnosis of gastrointestinal diseases.
The company’s flagship product is CapsoCam Plus®, described as a wire-free, panoramic capsule endoscope. It is intended for visualization of the small bowel mucosa to detect abnormalities of the small bowel in adults and children aged two years and older. CapsoCam Plus enables high-resolution visualization of the small bowel and supports cloud-based or direct capsule video retrieval. CapsoVision states that this capsule endoscopy system is designed to improve the detection of clinically significant pathology while supporting a clinical workflow and patient experience that differs from traditional endoscopy systems.
CapsoVision also highlights that it is developing AI-enabled capabilities around its capsule endoscopy platform. The company has submitted a 510(k) application to the U.S. Food and Drug Administration (FDA) for a proprietary AI-assisted reading module for CapsoCam Plus. This module is described as a reading tool intended to improve detection of clinically significant pathology and reduce clinician review time. CapsoVision characterizes itself as having in-house AI core competency and a growing data set used to train AI models for capsule endoscopy interpretation.
Beyond the small bowel, CapsoVision reports a pipeline of capsule-based products and indications. Its next pipeline product is CapsoCam Colon™ (also referred to as CapsoCam Colon with enhanced AI), which is designed to enable non-invasive colon imaging and polyp detection. The company has disclosed the submission of a 510(k) notification to the FDA for CapsoCam Colon, positioning it as a capsule endoscope targeted at the colon.
CapsoVision is also working on expanding its capsule platform across additional GI indications. The company has described a proprietary platform targeted to multiple GI indications, including esophageal and pancreatic disorders. In particular, CapsoVision has submitted an application to the FDA requesting Breakthrough Device Designation for its CapsoCam UGI capsule endoscopy system for use in early-stage pancreatic cancer detection. The company explains that CapsoCam UGI is a non-invasive, pill-sized camera system that uses panoramic imaging to visualize GI landmarks such as the duodenal papilla, which may be associated with pancreatic abnormalities.
CapsoVision’s disclosures emphasize that its capsule endoscopy systems are wire-free and are intended to be non-invasive alternatives to traditional endoscopic or imaging procedures. The systems are described as enabling physicians to review detailed images through secure, cloud-based infrastructure or direct capsule video retrieval, without the need for on-site servers. The company states that its architecture is fully cloud-based, which it believes can reduce IT maintenance burdens and support GI practices of different sizes.
From a corporate and capital markets perspective, CapsoVision completed an initial public offering (IPO) of its common stock, with its shares beginning trading on the Nasdaq Capital Market under the ticker symbol “CV.” The company has filed financial statements showing that it generates revenue from its commercial-stage operations, including sales of CapsoCam Plus capsules. CapsoVision reports that it is investing in research and development related to next-generation capsule endoscopes, higher-resolution CMOS sensors under a development agreement with Canon Inc., and AI-based analytics engines for capsule endoscopy.
In its public communications, CapsoVision consistently describes its mission as developing advanced imaging and AI-enabled solutions to transform detection and diagnosis of gastrointestinal diseases. Its platform strategy centers on capsule-based diagnostics for the small bowel, colon, and upper GI tract, with potential applications in conditions such as pancreatic cancer and other GI pathologies.
Business Focus and Technology
Core focus: CapsoVision concentrates on capsule endoscopy medical devices that use panoramic imaging and AI-enabled interpretation for GI diagnostics. The company’s technology is built around ingestible capsules that capture internal images of the GI tract and store or transmit them for later review.
Flagship product: CapsoCam Plus is a capsule endoscope for small bowel visualization. The company states that it is intended for use in adults and children aged two years and older to detect small bowel abnormalities. The system supports cloud-based or direct retrieval of capsule video.
Pipeline products: CapsoVision is developing CapsoCam Colon with enhanced AI for non-invasive colon imaging and polyp detection, and CapsoCam UGI for potential use in early-stage pancreatic cancer detection. These pipeline products are part of the company’s broader plan to extend capsule-based diagnostics across multiple GI indications, including esophageal and pancreatic disorders.
Regulatory and Clinical Development
CapsoVision’s regulatory and clinical activities, as described in its news releases and SEC filings, include:
- Submission of a 510(k) application to the FDA for an AI-assisted reading module for CapsoCam Plus.
- Submission of a 510(k) notification to the FDA for CapsoCam Colon, a capsule designed for colon imaging.
- Submission of an application to the FDA for Breakthrough Device Designation for the CapsoCam UGI capsule endoscopy system for early-stage pancreatic cancer detection.
- Ongoing clinical development operations supported by a clinical operations team, including leadership transitions disclosed in SEC filings.
These activities reflect the company’s focus on regulatory clearances and clinical studies to support broader use of its capsule endoscopy products and AI modules.
Financial and Public Company Status
CapsoVision files periodic financial statements with the U.S. Securities and Exchange Commission (SEC). The company has reported net revenue from sales of its capsule endoscopy products and associated costs of revenue, operating expenses for selling and marketing, research and development, and general and administrative activities. It has also disclosed its cash and cash equivalents, stockholders’ equity, and the conversion of convertible preferred stock into common stock upon completion of its IPO.
CapsoVision has filed multiple Current Reports on Form 8-K describing events such as quarterly financial results, executive appointments and departures, and regulatory submissions. These filings confirm its status as a publicly traded company on the Nasdaq Capital Market and provide additional detail on its operations and governance.