Medical imaging start-up Paieon raises $3.5m

The company’s CardiOp-B System is a real-time imaging system for 3D cardiac navigation.

Sources inform ''Globes'' that edical imaging start-up Paieon Inc. has raised $3.5 million from Vectop Ltd. and private investors. The company was founded in 2000 by CEO Omer Barlev as a spin-off from Vectop, which was acquired in 2005 by Rada Electronic Industries Ltd. (Nasdaq: RADID).

The company has developed the CardiOp-B System, a real-time imaging system for 3D cardiac navigation. The system enables rapid analysis of data from angiograms, which improves diagnoses and treatment. The technology is derived from military systems.

Barlev is an expert in eletro-optical imaging systems and was an officer in IDF General Staff Reconnaissance Unit.

In April the company obtained approval to market the CardiOp-B System in Canada. The company also collaborates with Siemens AG, (NYSE: SI; XETRA: SIE), Toshiba Corp. (TSE: 6502; LSE: TOS; XETRA, AEX, Paris: TSBA), GE Healthcare, Shimadzu Corporation (TSE:77010), Stereotaxis Inc. (Nasdaq:STXS), and Volcano Corporation (Nasdaq:VOCL).

Published by Globes [online], Israel business news - - on September 16, 2007

© Copyright of Globes Publisher Itonut (1983) Ltd. 2007

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