CNUK has facilitated Cipher Surgical Limited raising more than £1.5million in China through a combination of angel and corporate investors.
A partnering deal has also been secured with a leading Chinese healthcare company to ensure product registration and distribution in China
Coventry-based Cipher designs and develops laparoscopic medical devices. Its flagship product OpClear is a sterile disposable unit that clips onto a laparoscope to ensure a clear distal window during an operative procedure.
During the procedure, the surgeon relies on a camera attached to a scope to project the operative site onto an external screen. Naturally, the lens of the scope can become obscured by blood, tissue, fat or condensation, all of which will impair the surgeon’s view.
The company has outlined plans to use the funds to produce and further develop OpClear, bolster its sales and marketing efforts and fund operational costs.