Ultrasound breast imaging developer TechniScan said it has raised over $2 million in a series B round of financing. The funding will enable the company to continue product development and clinical testing, as well as make the appropriate investments needed to aggressively build its business, said TechniScan president and CEO David Robinson.
The firm recently reported results from its Phase I clinical trial using its TechniScan system on patients from St. Mark’s Hospital in Salt Lake City. The product was used as a secondary screening study to routine screening mammography, and was able to create high-resolution images showing the speed and absorption of sound in the breast, according to the Salt Lake City-based vendor.
By AuntMinnie.com staff writersFebruary 4, 2003
Related Reading
TechniScan system completes phase I trials, January 29, 2003
Ultrasonography improves cancer screening of dense breasts, September 20, 2002
TechniScan adds to management team, June 18, 2002
TechniScan unveils breast-specific ultrasound, February 13, 2002
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