Israeli laser developer Elbit Systems (ESLTF) 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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