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Ferronova raised $6M to advance nanoparticle tech that improves cancer detection in surgery, with a clinical trial underway and U.S. expansion planned.
Australian medtech company Ferronova has raised $6 million to advance its nanoparticle-based image-guided surgery technology, designed to improve cancer detection during operations, particularly for stomach and oesophageal cancers.
The system uses super-paramagnetic iron oxide nanoparticles to highlight cancerous cells in lymph nodes, aiming to reduce undetected residual disease.
The funding, led by existing investors including Uniseed/UniSuper and Renew Pharmaceuticals, brings total Series A financing to $17.5 million.
A 60-patient clinical trial is underway across major Australian research centers, with 54 patients enrolled and results expected in early 2026.
The company plans to expand into the U.S. and aims to improve surgical precision for the 1.8 million people diagnosed globally with these cancers annually.
Ferronova recaudó $ 6M para avanzar en la tecnología de nanopartículas que mejora la detección de cáncer en cirugía, con un ensayo clínico en curso y una expansión planificada en los Estados Unidos.