- Business
- Imagin Medical Inc. develops and commercializes surgical imaging and ablation technologies for the visualization and treatment of urologic cancers, including bladder and prostate cancer, through minimally invasive procedures; 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 detection accuracy and reduce bladder cancer recurrence rates by up to 33 percent compared to standard white light endoscopy; and the enCAGE Coil Precision Ablation System, a bipolar radiofrequency device that creates a targeted electromagnetic field to ablate prostate cancer tissue while sparing surrounding nerves and structures to minimize erectile dysfunction and urinary incontinence. The company, founded in 1986 and headquartered at 890 West Pender Street, Suite 600, Vancouver, British Columbia, Canada V6C 1L9, operates primarily in North America with a focus on urologists and healthcare institutions treating urologic oncology patients. In August 2022, Imagin Medical acquired the enCAGE Coil technology from Trod Medical NV for up to US$2.5 million in milestone-based payments and secured a US$7.25 million convertible note financing led by Rapha Capital BioVentures Fund I, LP and Bigger Capital to fund its development toward FDA 510(k) clearance; the company also raised an additional $3 million convertible note in a subsequent financing led by Rapha Capital, appointed Kayvon Namvar to its board and named Kevin Slawin, M.D. as chairman in November 2021, and provided a product and financial update in January 2024 amid ongoing progress toward commercialization.