- Business
- Scandinavian ChemoTech AB (publ) (CMOTEC-B.ST) develops and commercializes DiffuSureTM, a minimally invasive electrochemical treatment method for solid tumors that employs diffusional spreading of cytotoxic substances directly into cancerous tissue to minimize damage to surrounding healthy areas; the company offers related medical devices, clinical support services, and ongoing research programs focused on oncology applications such as liver, pancreatic, and breast cancer treatments. Founded in 2013 and headquartered in Lund, Sweden, ChemoTech operates primarily in the European medtech sector, targeting hospitals, clinics, and healthcare providers across Scandinavia and select international markets including partnerships in the United States and Asia. The company's product pipeline includes the CE-marked DiffuSureTM applicator system and associated chemotherapy agents, with services encompassing training, regulatory compliance assistance, and clinical trial collaborations.
In the past 1-2 years, ChemoTech has pursued strategic expansions including a key partnership with a leading U.S. medical device distributor in 2024 to accelerate market entry into North America; completed a SEK 50 million rights issue funding round in early 2025 to support Phase II clinical trials; and launched an upgraded DiffuSureTM 2.0 version featuring enhanced precision electrodes for deeper tumor penetration. These initiatives follow a 2023 reorganization that streamlined operations for faster regulatory approvals in the EU and FDA pathways, alongside the acquisition of a complementary biopsy tool subsidiary to broaden its minimally invasive oncology portfolio. ChemoTech continues to focus on global scaling, with recent alliances in Asia for pilot programs in high-prevalence cancer regions.