Forum for Science, Industry and Business

Sponsored by:     3M 
Search our Site:

 

Surgical Robots win £1.025m Funding through Oxford Angels Network

18.05.2005


A Buckinghamshire company whose intelligent robots can assist surgeons during complex operations has raised £1.025 million with the help of Oxfordshire Investment Opportunity Network (OION), Europe’s leading technology business angel network, and investment from Hoegh Capital and Octopus Asset Management. Armstrong Healthcare Ltd, a world-leading producer of image-guided surgical robots, will use the funds to support the development of its three main products through clinical trials to launch as revenue generating products.



Mr Kevin D’Silva, Chairman of Armstrong Healthcare, said:
“Advances in minimally-invasive surgery favour the use of our robots which can place surgical instruments much more precisely on a selected area, and significantly reduce trauma to patients. At Armstrong, we work closely with surgeons to create robots to assist in a range of surgical specialities, from neurosurgery to cardio-thoracic surgery.”

Armstrong’s EndoAssist camera-holding robot has already been successfully used in coronary bypass surgery, and is used in laparoscopic**(abdominal) procedures in a number of hospitals across Europe. In cardio-thoracic surgery, the robot enables surgeons to work on the affected internal area via a small incision in the chest, avoiding the conventional surgical approach of slicing down the breastbone to gain access. The robot holds the camera, providing a ‘rock steady’ and accurate close-up of the internal chest wall or heart, and moves the camera precisely in response to small movements from a surgeon’s head.



The company’s Pathfinder image-guided robot assists surgeons with neurosurgical procedures, ranging from simple tumour biopsies to complex neurosurgery, and an OrthoTrack robot for orthopaedic surgery is scheduled for launch in 2007.

Mr D’Silva continued: “Our robots bring significant benefits for both surgeons and patients. Surgeons can perform less invasive techniques and achieve more precise targeting, and patients face less scarring and enjoy a much faster recovery time.”

Mr D’Silva commented on the fundraising process:
“Our experience is that OION delivers a very effective fundraising forum for emerging, high technology companies. Jon Cox and the OION team are very efficient and supportive and during the process they introduced us to a range of funding sources including private equity institutions and business angels. Armstrong is one of only three surgical robot companies in the world and it is highly encouraging to receive investment support from the local financial community.”

Dr Jon Cox, Manager of OION, said:
“Armstrong is responding to modern healthcare developments to provide a better outcome for surgeons and patients, as well as maximising valuable healthcare resources. OION has helped a number of healthcare companies raise finance to develop their innovative products, and we were delighted to assist Armstrong with the final stage of their fundraising programme, enabling the company to bring its innovative robotic solutions to market. On this occasion, we matched Armstrong with Lacomp, one of several EIS (Enterprise Investment Scheme) fund members of the OION Network. This is the second time that Lacomp have chosen to invest after seeing a company at an OION meeting.”

Mr D’Silva concluded:
“There is undoubtedly an exciting future for surgical robots. Providing surgeons with greatly improved precision and full traceability enables operations that have not yet been attempted as hitherto surgeons were not confident of the levels of accuracy. I hope that Armstrong will play its part in creating tomorrow’s surgical solutions.”

Margaret Henry | alfa
Further information:
http://www.oion.co.uk

More articles from Health and Medicine:

nachricht A promising target for kidney fibrosis
21.04.2017 | Brigham and Women's Hospital

nachricht Stem cell transplants: activating signal paths may protect from graft-versus-host disease
20.04.2017 | Technische Universität München

All articles from Health and Medicine >>>

The most recent press releases about innovation >>>

Die letzten 5 Focus-News des innovations-reports im Überblick:

Im Focus: Deep inside Galaxy M87

The nearby, giant radio galaxy M87 hosts a supermassive black hole (BH) and is well-known for its bright jet dominating the spectrum over ten orders of magnitude in frequency. Due to its proximity, jet prominence, and the large black hole mass, M87 is the best laboratory for investigating the formation, acceleration, and collimation of relativistic jets. A research team led by Silke Britzen from the Max Planck Institute for Radio Astronomy in Bonn, Germany, has found strong indication for turbulent processes connecting the accretion disk and the jet of that galaxy providing insights into the longstanding problem of the origin of astrophysical jets.

Supermassive black holes form some of the most enigmatic phenomena in astrophysics. Their enormous energy output is supposed to be generated by the...

Im Focus: A Quantum Low Pass for Photons

Physicists in Garching observe novel quantum effect that limits the number of emitted photons.

The probability to find a certain number of photons inside a laser pulse usually corresponds to a classical distribution of independent events, the so-called...

Im Focus: Microprocessors based on a layer of just three atoms

Microprocessors based on atomically thin materials hold the promise of the evolution of traditional processors as well as new applications in the field of flexible electronics. Now, a TU Wien research team led by Thomas Müller has made a breakthrough in this field as part of an ongoing research project.

Two-dimensional materials, or 2D materials for short, are extremely versatile, although – or often more precisely because – they are made up of just one or a...

Im Focus: Quantum-physical Model System

Computer-assisted methods aid Heidelberg physicists in reproducing experiment with ultracold atoms

Two researchers at Heidelberg University have developed a model system that enables a better understanding of the processes in a quantum-physical experiment...

Im Focus: Glacier bacteria’s contribution to carbon cycling

Glaciers might seem rather inhospitable environments. However, they are home to a diverse and vibrant microbial community. It’s becoming increasingly clear that they play a bigger role in the carbon cycle than previously thought.

A new study, now published in the journal Nature Geoscience, shows how microbial communities in melting glaciers contribute to the Earth’s carbon cycle, a...

All Focus news of the innovation-report >>>

Anzeige

Anzeige

Event News

Expert meeting “Health Business Connect” will connect international medical technology companies

20.04.2017 | Event News

Wenn der Computer das Gehirn austrickst

18.04.2017 | Event News

7th International Conference on Crystalline Silicon Photovoltaics in Freiburg on April 3-5, 2017

03.04.2017 | Event News

 
Latest News

New quantum liquid crystals may play role in future of computers

21.04.2017 | Physics and Astronomy

A promising target for kidney fibrosis

21.04.2017 | Health and Medicine

Light rays from a supernova bent by the curvature of space-time around a galaxy

21.04.2017 | Physics and Astronomy

VideoLinks
B2B-VideoLinks
More VideoLinks >>>