Medicsight to raise $59 million

AuntMinnie.com staff writers
Jun 10, 2007

Computer-aided detection (CAD) developer Medicsight of London is planning to raise additional cash and list its shares on the Alternative Investment Market of the London Stock Exchange. The company is looking to raise 30 million pounds ($59.3 million), according to Reuters.

Medicsight also announced that its Medicexchange subsidiary has opened a new office in China designed to help Western companies enter the Chinese market. Medicexchange China will offer services for regulatory clearance, market assessments, equipment importing, translation services, online promotion, and clinical training and support.

Western medical device companies will be able to leverage Medicexchange China's distribution network covering 80% of Tier 1 and Tier 2 hospitals in China, the company said. Medicexchange China will also continue to operate its online sales and information channel, Medicexchange.com.

By AuntMinnie.com staff writers
June 11, 2007

Related Reading

Study: Medicsight ColonCAD good for colorectal cancer detection, March 12, 2007

Medicsight lands Canadian licenses, February 14, 2007

Medicsight changes name to MGT Capital Investments, January 29, 2007

Medicsight to partner with 3mensio, November 29, 2006

FDA clears Medicsight ColonCAR software, November 27, 2006

Copyright © 2007 AuntMinnie.com

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