Indian firm gets $4M PET investment

AuntMinnie.com staff writers
Jan 17, 2013

Indian nuclear medicine firm Nueclear Healthcare said it has received an investment of 22 million rupees ($4.09 million) from Norwest Venture Partners to improve access to PET technology in the country.

Nueclear Healthcare said it will use the money to advance its goal of making affordable PET scans available to cancer patients. In addition, Sohil Chand, managing director of Norwest Venture Partners India, will join Nueclear Healthcare's board of directors, according to the firms.

Nueclear Healthcare will offer PET/CT and SPECT scanning facilities through standalone centers, the companies said, colocating cyclotrons in cities with potentially high demand.

India has more than 2.5 million cancer patients, but for now only 15% to 20% have access to advanced diagnostic technologies, according to the companies.

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