Fusion launches medical devices spin-out
The Sheffield company, which owns the exclusive rights to commercialise research from Cardiff and Sheffield universities, said its new portfolio company, Asalus Medical Instruments, will tap into the multi-billion pound minimally invasive surgery market.
Asalus is a new spin-out company from Cardiff University which is developing three innovative new devices aimed to improve the safety and efficiency of laparoscopic surgery.
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Hide AdLaparoscopic surgery is a modern surgical technique in which operations in the abdomen are performed through small incisions, as compared to the larger incisions needed in traditional surgical procedures.
Neil Warren, founder and chief technical officer of Asalus, said: "Fusion's support, both commercially and financially has been invaluable and we look forward to bringing our novel product range to market in the near future."
Dominic Griffiths, portfolio investment manager of Fusion Cardiff and director of Asalus said: "This is a great example of how the injection of know-how and money from the commercial sector can facilitate the rapid conversion of Cardiff's world class IP pipeline into businesses with real value.
"Asalus has a great opportunity to be a developer of some of the UK's leading laparoscopic devices and we look forward to supporting the company as it commercialises its product range."