Be first to read the latest tech news, Industry Leader's Insights, and CIO interviews of medium and large enterprises exclusively from Medical Tech Outlook
THANK YOU FOR SUBSCRIBING
By
MedTech Outlook | Wednesday, April 15, 2020
Perspectum has an imaging-focused Contract Research Organization (CRO) solutions business that aids biopharmaceutical companies in developing assets in the liver and metabolic diseases
Fremont, CA: Perspectum, an Oxford, UK-based medical software provider of non-invasive technology for identifying and monitoring multiple diseases, raised $36M investment from new and existing investors. It is expected that the recent funding will drive the commercialization of LiverMultiScan, the first diagnostic product developed by Perspectum, for clinical use, expand the CRO business, as well as develop additional products for biliary disease, diabetes, and cancer for both clinical and CRO applications. The investment round was co-led by the Blue Venture Fund ("BVF") and HealthQuest Capital, with participation from Oxford Science Innovation, Puhua Capital, the University of Oxford, and other existing investors.
Stay ahead of the industry with exclusive feature stories on the top companies, expert insights and the latest news delivered straight to your inbox. Subscribe today.
LiverMultiScan uses software to draw quantitative data from current MRI scans to help with the detection of chronic liver disease. On top of that, Perspectum has an imaging-focused Contract Research Organization (CRO) solutions business that aids biopharmaceutical companies in developing assets in the liver and metabolic diseases. With a strong focus on precision medicine using advanced imaging and genetics, the company aims to empower patients and clinicians through quantitative assessments of health enabling early detection, diagnosis, and targeted treatment.
[vendor_logo_first]LiverMultiScan is the only FDA-cleared technology that has proven accuracy and precision in the assessment of liver tissue. This enables improved diagnostic pathways for liver disorders, such as Non-Alcoholic Fatty Liver Disease (NAFLD) and Non-Alcoholic Steatohepatitis (NASH), conditions that impact more than 100 million people in the US alone, with an annual cost to the US healthcare system of $32bn. It is nothing but a global condition, with increasing prevalence in China, where the technology is already under check.
"We are excited to have Blue Venture Fund and HealthQuest Capital as lead investors in this financing. Blue Venture Fund's invaluable insight in navigating reimbursement and coverage decisions, and HealthQuest's experience ramping growth stage healthcare companies and specific experience in clinical diagnostics and clinical trial services will be enormously beneficial to our business.", said Dr. Rajarshi Banerjee, Founder and Chief Executive Officer of Perspectum.
"Perspectum offers an innovative imaging technology which will help curb the staggering morbidity and mortality associated with Nonalcoholic Fatty Liver Disease," said Thomas Hawes, Managing Director of the Blue Venture Fund. "Perspectum is uniquely positioned to advance pharmaceutical development, inform clinical care, and improve the patient experience. We believe Perspectum has the opportunity to become a market leader in imaging biomarkers and hepatic disease. We are thrilled to partner with Perspectum's outstanding management team and HealthQuest Capital."
As part of the deal, Garheng Kong, MD, Ph.D., Managing Partner at HealthQuest, will join the Perspectum Board soon. In a statement he remarked, "Perspectum is addressing a huge medical need with very few current solutions and has the opportunity to become the standard of care for liver disease diagnosis as a first application. We believe there is an opportunity to build a best-in-class medical imaging company for multiple clinical indications and are excited to work alongside BVF to help Perspectum realize this vision."
See also: Top Healthcare Solution Companies
More in News
I agree We use cookies on this website to enhance your user experience. By clicking any link on this page you are giving your consent for us to set cookies. More info
