Swedish 3D digital mammography developer Xcounter has gone public, with its shares listing on the London Stock Exchange's AIM exchange.
Xcounter on February 1 issued ordinary shares worth a total of 16 million pounds ($28.5 million) before expenses. A second round of shares will be issued on February 8, putting the total market capitalization of the company at 55 million pounds ($97.9 million).
Xcounter is developing a system that enables the production of 3D images at lower levels of radiation dose, "with higher image quality and at a competitive production cost compared to current 3D technology," according to the firm.
The company's first product is called XC Mammo-3T, which is targeted at breast cancer screening. The firm's second product is called XC MP-3T, a general body imaging product designed to "generate 3D images of any organ of the body at a substantially reduced radiation dose compared to CT." A future product is XC Cardio-4T, a system designed to view the beating heart in 3D.
By AuntMinnie.com staff writers
February 3, 2006
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