, the California-based medical robotics startup, announced on Wednesday it raised $150 million in fresh funding. The round was co-led by and . , and were among the investors that participated in the round.
The funding comes just a month after the cleared Noah Medical鈥檚 lung bronchoscopy device for commercial use in the U.S. Known as the Galaxy system, the platform snakes a robotic arm through the lung鈥檚 airways and looks for cancer cells among the tissue. The same device is currently undergoing clinical trials in Australia.
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鈥淣ext generation robotics platforms like the Galaxy System are filling procedural gaps to provide superior clinical values to better serve customers鈥 needs,鈥 said Noah Medical founder and CEO .
Noah Medical鈥檚 disposable probes allow medical institutions to use the same device between patients faster. Rather than resanitizing the device, users can simply replace the probe, leading to faster turnaround times and making it possible for doctors to see more patients in the same time span.
The growing diagnostics market
Diagnostics rarely got its fair share of respect until the COVID-19 pandemic started. But all treatments start with diagnosing the problem.
In 2022, $3.5 billion in funding flooded into the space (per 附近上门 News) as venture firms recognized that the adoption of easier-to-use diagnostics tools could save health institutions money and lower the spend of health care in the U.S.
鈥淗umans are missing a lot of diseases because there is an inherent mindset where they鈥檙e thinking, 鈥楥an I treat this patient tomorrow?鈥欌 , CEO and founder of medical imaging AI startup , told 附近上门 in November. 鈥淎nd that鈥檚 not the preferred threshold.鈥
Robotics have quickly been making their way into the diagnostics category, but bronchoscopy devices have been rather slow to make a dent in the pulmonology world. Many of these are required to act as an all-in-one device that provides medical imaging. They also need to have a small, compact footprint and be easy and intuitive to use, otherwise overworked nurses and doctors are less likely to adopt them.
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