NETPark based medical technology firm IBEX brings in more than £500,000 of new investment

NETPark based medical technology firm IBEX brings in more than £500,000 of new investment

A County Durham technology firm has raised more than £500,000 to commercialise a product which aims to improve detection of breast cancer.

IBEX Innovations, which is based at NETPark in Sedgefield, has secured the funding from the North East Venture Fund, along with IP Group and a number of private investors.

IBEX’s Trueview technology, which uses advanced physics and artificial intelligence, aims to improve the quality of X-ray images and also reduce the dose of radiation that patients receive. It can be used with conventional X-ray machines and allows medics to interpret images more accurately.

After five years in research and development, IBEX recently made its first sales to Curvebeam, a US company specialising in 3D imaging, and to Planmed, a manufacturer based in Finland which supplies to over 70 countries.

Source: Chronicle Live

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