LightPath™ promises to dramatically improve detection of cancerous tissue during cancer surgery. It is expected that the device will provide the diagnostic performance comparable to the current gold-standard histopathology whilst, in addition, reducing re-operation rates, reducing critical delays in follow-up treatment and a significant improvement in cosmetic outcomes. The consequent reduction in costs will provide substantial benefits to healthcare providers and society.
The CerISMA study, which included 104 patients, produced useful results that will be instrumental in further development of the technology and disease area strategy. The positive outcomes of the study were:
1. Proving the safety and feasibility of the methodology;
2. Demonstrating a high diagnostic specificity.
The project team plans to publish the study results in the following journals and at the following conferences: Journal of Nuclear Medicine (submission Dec 2019), The Breast (submission Dec 2019), Society of Nuclear Medicine and Molecular Imaging Annual Meeting (June 2020), Congress of the European Society of Surgical Oncology (October 2020), European Association of Nuclear Medicine Congress (October 2020).
Commercial objectives continue to be advanced, including:
- Signature of four distributor contracts in European territories;
- 15 Key Opinion Leaders in the US and Europe secured to help market the technology once the clinical data is available;
- The first four sales of the device achieved with additional orders pending;
- Industry recognition received, including the British Engineering Excellence Awards, The Institution of Engineering and Technology Innovation Awards, The Great British Entrepreneur Awards, The Microsoft Accelerator; The European Venture Contest, The Royal Academy of Engineering, SME Leaders Programme; UK Private Business Award for Technology Innovation of the Year; Medilinks Innovation Award; Mayor of London International Innovation Programme, Lloyds Bank National Business Award Finalist, PRISM Award for Photonics Innovation Finalist, MedTech Insight Awards: Best Technological Innovation Finalist, Co-Investment Deal of the Year Finalist UK Business Angels Association and The Engineer’s Collaborate to Innovate Award Finalist.
- Funding secured for two clinical studies in prostate cancer surgery and one in head and neck cancer surgery;
- Funding secured for the development of a second product for laparoscopic key-hole cancer surgery, which has now passed preclinical validation and funding has been secured for clinical validation studies.
- Funding secured from the European Commission's ACTPHAST programme for photonics innovation.