Michelson Diagnostics' shareholders to invest £1.912M in OCT technology

Shareholders of Michelson Diagnostics (Orpington, England) will invest £1.912 million in the company’s patented multi-beam optical coherence tomography (OCT) technology, which can image skin and other surface tissue with unprecedented high resolution. The funds—from Octopus Investments (London, England), Catapult Venture Managers (Leicester, England), and individual investors from London Business Angels—will be used to expand sales and support infrastructure in the U.S. and Europe to meet growing demand for the technology.

The company’s first product based on its OCT technology, the VivoSight scanner for noninvasive diagnosis and treatment of non-melanoma skin cancer, enables clinicians to 'see' under the skin surface in real time, helping them decide whether to treat a lesion, what treatment to use, and to show them how far a tumor has spread. This is expected to make non-melanoma skin cancer treatment more efficient and cost-effective, and to be better for the patient by reducing unnecessary surgery. The product has already earned CE and FDA regulatory clearance for clinical use in Europe and the U.S., and has entered commercial service at dermatology clinics in the U.S. and Germany. Looking to the future, the product also has the potential to guide and monitor the use of next generation of noninvasive topical treatments for non-melanoma skin cancer that are currently in clinical development.

Although the company's main focus is on non-melanoma skin cancer, during the year it also announced preliminary findings that suggest its technology could provide a breakthrough in the early detection of psoriatic arthritis, a common complication of psoriasis.

Simon Andrews led the deal on behalf of Octopus. Funds were provided from the Octopus Titan VCT funds, the Eureka EIS Portfolio Service, Octopus Venture Partners, Advantage Enterprise & Innovation Fund, and individual investors.

-----

Follow us on Twitter, 'like' us on Facebook, and join our group on LinkedIn

Follow OptoIQ on your iPhone; download the free app here.

Subscribe now to BioOptics World magazine; it's free!

Get All the BioOptics World News Delivered to Your Inbox

Subscribe to BioOptics World Magazine or email newsletter today at no cost and receive the latest news and information.

 Subscribe Now
Related Articles

OCT imaging improves percutaneous coronary intervention, study finds

OCT can visualize coronary arteries in patients undergoing percutaneous coronary intervention, leading to improved outcomes.

Eye test that pairs two in vivo imaging methods may detect Parkinson's earlier

A low-cost, noninvasive eye test pairs two in vivo imaging methods to help detect Parkinson's before clinical symptoms appear.

Lightweight handheld probe for OCT provides insight into children's retinas

A handheld device is capable of capturing OCT images of a retina with cellular resolution in infants and toddlers.

Optical brain imaging noninvasively measures small perfusion changes caused by visual stimulation

An optical brain imaging system can track very small, focal changes in cortical perfusion resulting from visual stimulation.

BLOGS

Neuro15 exhibitors meet exacting demands: Part 2

Increasingly, neuroscientists are working with researchers in disciplines such as chemistry and p...

Why be free?

A successful career contributed to keeping OpticalRayTracer—an optical design software program—fr...

LASER Munich 2015 is bio-bent

LASER World of Photonics 2015 included the European Conferences on Biomedical Optics among its si...

White Papers

Understanding Optical Filters

Optical filters can be used to attenuate or enhance an image, transmit or reflect specific wavele...

How can I find the right digital camera for my microscopy application?

Nowadays, image processing is found in a wide range of optical microscopy applications. Examples ...

CONNECT WITH US

            

Twitter- BioOptics World

Copyright © 2007-2016. PennWell Corporation, Tulsa, OK. All Rights Reserved.PRIVACY POLICY | TERMS AND CONDITIONS