The Oncosocpe Device
DURHAM, NC – Oncoscope, a medical device company that develops proprietary optical imaging systems, has raised $1.5 million of a mixed equity, debt and securities offering, the company confirms.
Oncoscope was founded in June, 2006 to develop clinical applications of discoveries in the field of optical imaging pioneered by Dr. Adam Wax at the Department of Biomedical Engineering of Duke University. The company raised a $2 million A round and is backed by NC Idea and Southeast TechInventures. It also received a number of SBIR grants, including on for $1 million last year.
These discoveries are known as Angle-resolved Low Coherence Interferometry (a/LCI) and arose from work supported by grants to Duke University from the National Cancer Institute, the National Science Foundation, and the Wallace H. Coulter Foundation.
Oncoscope recently completed its commercial a/LCI system prototype and has commenced clinical testing under a multi-center study sponsored by an SBIR grant from the National Institutes of Health.
Angle-resolved low-coherence interferometry (a/LCI) is a breakthrough biomedical imaging technology which uses the properties of scattered light to measure the average size of cell structures, including cell nuclei. The technology shows promise as a clinical tool for in situ tissue measurements.
The first two clinical sites in this trial are The Center for Esophageal Diseases & Swallowing at the University of North Carolina, Chapel Hill under the direction of Dr. Nicholas J. Shaheen and the Thompson Cancer Survival Center in Knoxville, TN under the direction of Dr. Bergein F. Overholt.
The company disclosed the raise in a filing with the U.S. Securities and Exchange Commission.
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Tags: Dr. Adam Wax, Duke University, financing, imaging, Medical Device, NC, Oncoscope
[...] NC – Oncoscope, which recently closed a $1.5 million financing, has developed a diagnostic technology that makes it easier for doctors to discover [...]