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Karmanos Cancer Institute's Delphinus Receives $8 Million in Venture Capital for Product Development of Breast Cancer Imaging Tool
Date:5/24/2010

DETROIT, May 24 /PRNewswire-USNewswire/ -- The Barbara Ann Karmanos Cancer Institute announced today that its spin-off company Delphinus Medical Technologies, LLC, has secured $8 million in venture capital to start the commercialization process of SoftVue, an alternative to mammography.

(Logo:  http://www.newscom.com/cgi-bin/prnh/20071106/KARMANOSLOGO )

SoftVue is a tomographic ultrasound imaging and risk assessment device that examines women's breasts for the presence of benign and/or malignant masses. This innovative breast cancer screening tool was created at the Karmanos Cancer Institute and has undergone rigorous research and development over the past 10 years. The Karmanos Cancer Institute has the only SoftVue prototype.

Delphinus began the process of securing venture capital in fall 2009 in order to design and build the first 10 machines that will be used in clinical settings around the globe. This research will further validate the initial findings in order to obtain approval from the U.S. Food and Drug Administration. SoftVue's lead investor is Arboretum Ventures of Ann Arbor, Michigan. Beringea, LLC co-led the deal through its InvestMichigan! Growth Capital Fund and was joined by North Coast Technology Investors.

"We are very pleased to play a role in commercializing the Delphinus SoftVue system," said Paul McCreadie, Principal, Arboretum Ventures. "This diagnostic ultrasound technology presents a grea
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SOURCE Barbara Ann Karmanos Cancer Institute
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