Naviscan raises $6.5 million, moves headquarters

AuntMinnie.com staff writers

Nov 28, 2005

PET developer Naviscan PET Systems has completed a $6.5 million series B round of financing, led by Sanderling Ventures. Mayo Medical Ventures also participated in the financing.

The proceeds will be used to further clinically validate and commercialize its high-resolution PET scanner, as well as develop proprietary imaging agents, including several licensed from the Mayo Clinic in Rochester, MN, according to Naviscan.

The company also reported that it has entered into an exclusive license, research, and development agreement with the Mayo Clinic to clinically validate and commercialize a patented vitamin B-12 molecular imaging agent for use with PET and other imaging modalities.

In other news, Naviscan announced plans to relocate its headquarters and commercialization operations to San Diego.

By AuntMinnie.com staff writers
November 29, 2005

Related Reading

Road to RSNA, Naviscan PET Systems, November 3, 2005

Road to RSNA, Naviscan PET Systems, November 8, 2004

Road to RSNA, Naviscan PET Systems, November 19, 2003

FDA clears Naviscan PET scanner, September 30, 2003

Copyright © 2005 AuntMinnie.com

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