- Business
- Imagin Medical Inc. (CSE: IME) develops innovative medical devices for visualizing and treating urologic cancers, including bladder and prostate cancer, through minimally invasive surgical technologies; its core products comprise the i/Blue Imaging System, which employs advanced proprietary optics, light sensors, and dual white-blue light imaging with fluorescent agents to enhance bladder cancer detection and reduce recurrence rates, and the enCAGE Coil Precision Ablation System, a bipolar radiofrequency-based probe that enables precise targeting of prostate cancer lesions via a coiled electrode creating a Faraday Effect to spare surrounding structures and minimize side effects such as erectile dysfunction and urinary incontinence. Founded in 1987 and headquartered in Vancouver, British Columbia, Canada, the company targets healthcare providers and urology institutions in North America with a focus on improving surgical outcomes and lowering healthcare costs. In 2022, Imagin acquired the enCAGE Coil technology from TROD Medical NV for US$2.5 million payable on milestones including FDA approvals and sales targets, supported by a US$7.25 million convertible note financing led by Rapha Capital BioVentures Fund I, LP and Bigger Capital; it also advanced the i/Blue Imaging System toward FDA submission via pre-production milestones and board changes appointing Kevin Slawin, M.D., as chairman.