RefleXion Medical secures $60M loan

AuntMinnie.com staff writers
Apr 30, 2019

Radiation therapy equipment developer RefleXion Medical has received a $60 million loan from Oxford Finance to develop its biology-guided radiotherapy (BgRT) system for targeted cancer treatment.

The company plans to use the funds to complete the process of market clearance from the U.S. Food and Drug Administration (FDA) and the product's subsequent commercial launch.

RefleXion's BgRT is designed to use CT and PET imaging to guide personalized radiotherapy. The patented technology prompts tumors to continuously signal their location during cancer treatment.

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