OncoRes Medical’s imaging system may be a game-changer for breast cancer surgeons
Australian medical device company OncoRes Medical today announces it has secured $12.5m to advance its innovative imaging system, to facilitate real-time tumour assessment to help surgeons more accurately identify and remove cancerous tissue such as breast cancer.
The $9.5 million Series A2 funding was co-led by Australia and New Zealand’s leading life science VC Brandon Capital, manager of the Australian Government backed MRCF BTF Fund and Australian Unity’s Future of Healthcare Fund. OncoRes also received a Cooperative Research Centres Projects (CRC-P) Round 12 grant of $3m. These funds will support the company’s upcoming clinical trials.
“We are delighted to announce that we have secured $12.5m in funding which will aid with the development of our Quantitative Micro-Elastography (QME) Imaging System which is about to commence its next clinical trials. Our system has the potential to improve outcomes in breast-conserving surgery and reduce repeat operations for women with breast cancer. At OncoRes Medical we believe that all women deserve the opportunity to move beyond their initial breast cancer surgery knowing that all of the cancer has been removed, the first time” Says Dr Katharine Giles, CEO, OncoRes Medical.