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It's Beating Swords Into Virtual Scalpels

Elbit establishes company to use military technology in noninvasive surgery.

Israeli laser developer Elbit Systemsundefined has established a medical applications company called MediGuide as part of its strategy to adapt its military technologies to the civilian market.

MediGuide will develop ways to navigate within the human body without invasion, for example, products to help doctors guide catheters or surgical devices with great precision. The underlying technology is three-dimensional medical imaging that could advance minimally invasive surgical procedures.

The Israeli investment company

Discount Capital Markets

is leading a $5 million financing round for MediGuide. It has a defined strategy of supporting life sciences companies, and is putting up $1 million itself.

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