Koch Industries to invest $75 Million in Insightec

INSIGHTEC has invented a new non-invasive surgery technology based on MRI-guided focused ultrasound. The financing round may reach $150 million

Koch Industries leads  a $150 million funding round in the medical devices company INSIGHTEC from Haifa, Israel. During the fist stage of the round, Kock will bring its own $75 million for approximately 17% of the company. Other investors plan to join Koch with an extra funding of up to $75 million. The deal was made under company evaluation $460 million. INSIGHTEC has invented a new non-invasive surgery technology based on MRI-guided focused ultrasound. The company’s non-invasive therapy platforms, Exablate and Exablate Neuro, are proven technology based on sound clinical evidence for treating essential tremor, painful bone metastases and uterine fibroids.

Continue reading…

Share on facebook
Share
Share on twitter
Tweet
Share on linkedin
Share

More To Explore