Company overview
Colospan was incorporated in Israel in December 2010 and is led by founder and CEO Boaz Assaf. Current parent-company disclosures identify its headquarters as Kfar Saba, Israel; it also maintains a U.S. presence in Cambridge, Massachusetts. Galmed Pharmaceuticals completed its acquisition of Colospan on June 22, 2026.
CG-100 is a temporary internal bypass intended to protect a healing colorectal anastomosis and potentially avoid a diverting stoma in selected patients. Colospan reports EU MDR CE marking, Israeli authorization and commercial availability in those markets, while its parent describes an early European rollout. In the United States, CG-100 remains investigational under an IDE; Breakthrough Device designation is not marketing authorization.
The randomized pivotal trial NCT04184973 was listed as recruiting in its July 2026 registry update, with 250 planned participants and estimated completion in December 2026. A separate tissue-assessment platform reached sponsor-reported ex-vivo feasibility testing in samples from 32 surgical patients. Neither early feasibility nor projected cost savings establishes clinical superiority or guaranteed avoidance of a stoma.
[1][2][3][4][7][8][13][14][23]
Activity & Milestones
8 events2026-08-19 ยท ClinicalTissue-assessment proof of concept reported
Sponsor announced ex-vivo technical feasibility measurements from 32 patients; future device and clinical utility remain in development. [14]
2026-06-22 ยท AcquisitionGalmed acquisition completed
Colospan became wholly owned. Final SEC-reported terms: $3.3M cash and up to $2M performance-based earnout, replacing original share consideration. [4]
2024-10-09 ยท AdoptionFirst German hospital use reported
Company identifies Asklepios Altona Clinic in Hamburg as its first German user; does not establish broad commercial adoption. [6]
2024-08-18 ยท RegulatoryBreakthrough Device designation announced
Company announced FDA Breakthrough designation; not authorization to market in the United States. [5]
2021-12-20 ยท FundingEIC blended finance award announced
Company reported an โฌ8.2M grant-and-equity award. Release dateline December 20 differs from December 23 website archive; use release dateline, not an assumed cash-disbursement date. [23]
2020-06-23 ยท ClinicalPivotal trial begins
NCT04184973 reports actual start June 23, 2020. [8]
2019-07-05 ยท ClinicalCG-100 pilot published
47-patient prospective study reported early experience and two device-related serious adverse events; authors called for a larger randomized study. [7]
2010 ยท CompanyColospan incorporated
Parent SEC filing identifies incorporation in Israel in December 2010. [3]