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 Rabies viruses reveal wiring in transparent brains
19.01.2017 | Rheinische Friedrich-Wilhelms-Universität Bonn

nachricht On track to heal leukaemia
18.01.2017 | Universitätsspital Bern

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: Traffic jam in empty space

New success for Konstanz physicists in studying the quantum vacuum

An important step towards a completely new experimental access to quantum physics has been made at University of Konstanz. The team of scientists headed by...

Im Focus: How gut bacteria can make us ill

HZI researchers decipher infection mechanisms of Yersinia and immune responses of the host

Yersiniae cause severe intestinal infections. Studies using Yersinia pseudotuberculosis as a model organism aim to elucidate the infection mechanisms of these...

Im Focus: Interfacial Superconductivity: Magnetic and superconducting order revealed simultaneously

Researchers from the University of Hamburg in Germany, in collaboration with colleagues from the University of Aarhus in Denmark, have synthesized a new superconducting material by growing a few layers of an antiferromagnetic transition-metal chalcogenide on a bismuth-based topological insulator, both being non-superconducting materials.

While superconductivity and magnetism are generally believed to be mutually exclusive, surprisingly, in this new material, superconducting correlations...

Im Focus: Studying fundamental particles in materials

Laser-driving of semimetals allows creating novel quasiparticle states within condensed matter systems and switching between different states on ultrafast time scales

Studying properties of fundamental particles in condensed matter systems is a promising approach to quantum field theory. Quasiparticles offer the opportunity...

Im Focus: Designing Architecture with Solar Building Envelopes

Among the general public, solar thermal energy is currently associated with dark blue, rectangular collectors on building roofs. Technologies are needed for aesthetically high quality architecture which offer the architect more room for manoeuvre when it comes to low- and plus-energy buildings. With the “ArKol” project, researchers at Fraunhofer ISE together with partners are currently developing two façade collectors for solar thermal energy generation, which permit a high degree of design flexibility: a strip collector for opaque façade sections and a solar thermal blind for transparent sections. The current state of the two developments will be presented at the BAU 2017 trade fair.

As part of the “ArKol – development of architecturally highly integrated façade collectors with heat pipes” project, Fraunhofer ISE together with its partners...

All Focus news of the innovation-report >>>

Anzeige

Anzeige

Event News

Sustainable Water use in Agriculture in Eastern Europe and Central Asia

19.01.2017 | Event News

12V, 48V, high-voltage – trends in E/E automotive architecture

10.01.2017 | Event News

2nd Conference on Non-Textual Information on 10 and 11 May 2017 in Hannover

09.01.2017 | Event News

 
Latest News

New Study Will Help Find the Best Locations for Thermal Power Stations in Iceland

19.01.2017 | Earth Sciences

Not of Divided Mind

19.01.2017 | Life Sciences

Molecule flash mob

19.01.2017 | Physics and Astronomy

VideoLinks
B2B-VideoLinks
More VideoLinks >>>