Lightpoint Medical secures £5.84 million Series C investment from investors including Oxford Technology Management

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Lightpoint Medical Announces $8 Million in Funding to Support Commercial  Launch of its Robotic Cancer Detection Probe 

CHESHAM, England & CAMBRIDGE, Mass. – 25 March 2021– Lightpoint Medical, a medical device  company developing miniaturized cancer detection tools for robot-assisted surgery, announced  today that it has completed an $8 million financing round. The funding includes follow-on  investment from private investors, Oxford Technology, Venture Founders, Coutts Bank, and new  funding from the British Business Bank Future Fund, bringing the total raised by the company to $18  million. 

The new capital will be used to finance expanded clinical trials and early commercialization of  Lightpoint’s robotic probe, SENSEI®, which has the potential to assist in over 2 million applicable  surgical procedures every year in the EU, US, China and Japan. 

SENSEI® received CE Mark approval at the beginning of the year, has been registered successfully  with the FDA, and has received approval for sale in Australia. 

Lightpoint has secured commercial distribution deals for SENSEI® in Spain, Portugal, and Australia. With more contracts to be announced in the forthcoming months, Lightpoint intends to establish a  global distribution network by the end of 2021. 

Clinical trials of SENSEI® in robotic surgery are ongoing in prostate and cervical cancer with new  studies in lung cancer planned for the second half of the year. 

Dr. David Tuch, CEO of Lightpoint Medical commented:

“We’re grateful to the British Business Bank  and many of our previous shareholders for investing in the round and reaffirming their commitment  to Lightpoint. This fundraising follows the US and European market clearance for our SENSEI®  robotic probe and will enable us to further expand our clinical program and prepare for early  commercial development of the technology. Our growing network of commercial distributors will  help Lightpoint reach surgeons and nuclear physicians worldwide seeking a better way to perform  targeted robotic cancer surgery.” 

About Lightpoint Medical 

Lightpoint Medical is developing miniaturized imaging and sensing tools for intra-operative cancer  detection. The company is addressing the urgent medical challenge that despite technological  advances in robotic platforms, surgeons lack the tools to accurately detect cancer intra-operatively.  As a result, cancer is often left behind or more healthy tissue than needed is removed, increasing the  need for adjuvant therapies, causing post-surgical complications, and escalating healthcare costs.  

By exploiting advances in miniaturized sensor technologies and the development of cancer-targeted  diagnostic imaging agents, Lightpoint is developing miniature tools appropriate in scale for  minimally-invasive and robot-assisted surgery to accurately detect cancer in real-time intra operatively. The aims of the tools are to aid surgical decision making, improve patient outcomes and  save costs for healthcare systems. 

Lightpoint has a pipeline of miniaturized surgical tools in development with the first, SENSEI®,  recently approved for sale by regulators in the US, EU and Australia. The first commercial focus is prostate cancer surgery with a planned expansion into other solid tumor types. 

For more information about the company visit: www.lightpointmedical.com; www.senseisurgical.com and follow us on LinkedIn and Twitter. 

Media Contacts: 

Jo O’Shea 
Lightpoint Medical  
[email protected] 

Helen Shik 
Shik Communications LLC  
[email protected] 
1- 617-510-4373

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Safiya Marzook

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