SWEDEN - Initium et al invest SEK 4.5m into Medfield

Gothenburg-based Medfield Diagnostics commercialises microwave tomography technology, which can image biological tissue and monitor changes in the human body and is designed to improve screening of tumours during mammography, as well as to detect implant movements or internal swelling. As the instruments are more compact compared to other imaging techniques, they can be implemented earlier in the healthcare chain - in emergency rooms and ambulances - enabling diagnosis in the acute phase. The company’s first product will differentiate between ischemic (blood clot) and hemorrhagic stroke (bleeding in brain tissue) in the acute stroke treatment.

Medfield sprung out of Chalmers University in 2005, where the founders had conducted research on the microwave tomography technology. After a period of product development and commercialisation, the company moved into the business incubator facilities at Sahlgrenska Science Park. The company secured a first round of funding in 2007 from Innovationsbron Väst Start-up AB.

Medfield currently collaborates with with Sahlgrenska University Hospital, Clinical Neurophysiology, where a prototype is being tested on humans. The recent capital infusion will help finance these studies.

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• Topics
• Early-stage
• Nordics
• Healthcare