On August 3, medical technology company Ornim announced that it has received a $20 million Series C financing. This round of financing was led by Shanghai Hongshi Medical Health Industry Fund, and existing investors such as OrbiMed and GE Ventures participated in the investment. The company plans to use this funds to accelerate the pace of business expansion in the United States, promote the company's c-FLOW platform in the China Food and Drug Administration's review and approval, and in the second half of 2017 to achieve commercialization in China.
Founded in 2004, Ornim is headquartered in Kfar Saba, Israel, specializing in clinical research and development, and is committed to the organization and distribution of high-quality medical devices in the field of cerebral blood perfusion. The company's pilot product, the c-FLOW non-invasive patient detection system, has been approved by the US Food and Drug Administration. The product is based on the company's proprietary UTLight technology and combines ultrasonic pulses with near-infrared light to enable Measurement of blood flow changes in the human brain or other muscle tissue provides a unique monitoring solution for physicians. Cerebral blood flow (CBF) for any surgical procedure requiring general anesthesia or other critical care (such as stroke, shock, sepsis, cerebral edema, and traumatic brain injury) with a risk of cerebral blood flow fluctuations Assessment is an important clinical validation indicator. Using the c-FLOW system to monitor CBF allows early intervention programs to be implemented during periods of time when nerve loss can be avoided or minimized, thereby improving patient outcomes and significantly reducing medical costs.
Since the company's products entered the market in 2015, it has exerted commercial value and provided products and services to many leading medical institutions in the United States. The current user base is expanding.
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