Showing posts with label insightec. Show all posts
Showing posts with label insightec. Show all posts

Sunday, January 10, 2016

Hengtong GEOC To Invest In Israeli Medical Company Insightec

Israeli medical company InSightec, which has developed a platform for non-invasive therapy for the treatment of early detected cancerous tumors and functional diseases of the nervous system using ultrasound, raised US$22m.

The current investment round is the fourth investment round in the company.

The investors were Boston MedTech Advisors, Elbit Imaging, GE Healthcare, York Capital and Chinese VC fund Hengtong GEOC.

To date, the raised US$254mm, most of the amount of Elbit Medical.

Hengtong GEOC, based in Shanghai, China, is a Sino-Israel fund established in 2013 aiming to invest in Israeli startups and help them to penetrate into Chinese market.

InSightec is the pioneer and global leader in MR guided focused ultrasound technology. Founded in 1999 by GE Healthcare (then GE Medical Systems) and Elbit Medical Imaging its mission is to transform its MR guided Focused Ultrasound (MRgFUS) into a clinically viable technology.

Insightec technology currently found in 120 leading medical centers around the world, can be likened to focusing sunlight through a lens: only the center, where all the waves converge, created enough heat to destroy the tumor, while minimizing damage to adjacent organs damage prevention. Its purpose is to replace surgical procedure Non-invasive treatment that allows the patient to return to his speed.


Sunday, September 14, 2014

Israel's Insightec to receive $12.5 Million investment from Chinese Investors

Elbit Imaging Ltd. (TASE, NASDAQ: EMITF) announced today that it was informed by InSightec Ltd. of the closing of investment of US$ 12.5 million by Shanghai GEOC Hengtong Investment Limited Partnership and Fortune China Limited.In the framework of the present investment round in InSightec, the Chinese Group has acquired 5% of the share capital of InSightec on a fully diluted basis, in consideration for a total payment of $12.5 million.

InSightec is the pioneer and global leader in MR guided focused ultrasound technology. Founded in 1999 by GE Healthcare (then GE Medical Systems) and Elbit Medical Imaging its mission is to transform its MR guided Focused Ultrasound (MRgFUS) into a clinically viable technology.

Since then, InSightec has invested close to $200 million in research and development. The company holds over 90 patents with additional intellectual property pending.

The company is headquartered in Tirat Carmel, Israel, near the port city of Haifa. It has US offices in Milwaukee, WI and Dallas, TX as well as offices in Europe and Asia.