Aussie medtech Ferronova raises another $6 million to advance image-guided cancer surgery [Yahoo! Finance]
SINGAPORE EXCH UNSP/ADR (SPXCY)
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Source: Yahoo! Finance
a novel nanoparticle image-guided surgery solution seeking to improve identification of cancer cells and reduce the risk of undetected recurrence following surgery. Ferronova' s super-paramagnetic iron oxide nanoparticles bind to cells found in lymph nodes which aim to enable identification of tissue that could contain cancerous cells. The technology aims to support more informed surgical decision-making and address the problem that cancer cells are often not identified by current imaging and rogue cells may remain undetected in surgery. Ferronova's latest $6 million round was led by existing investors Uniseed/UniSuper, South Australian Venture Capital Fund, Artesian Venture Partners and Renew Pharmaceuticals (a subsidiary of Singapore-based Ultragreen.ai). The latest capital raising brings the total generated in Series A rounds to $17.5 million. Ferronova is currently undertaking a 60 patient, two-year trial of the technology in stomach and oesophageal cancers – with 54 patient
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