OncoSil Medical Raises $8M to Fund German Trial and European Expansion
OncoSil Medical is a pioneering medical device company dedicated to transforming cancer treatment through innovative brachytherapy technology. Their primary focus is developing and commercializing targeted radiation therapy for patients with locally advanced unresectable pancreatic cancer, offering a potentially life-changing treatment option that goes beyond traditional chemotherapy approaches.
The company’s flagship product, the OncoSil™ System, utilizes a groundbreaking approach of intratumoural placement of Phosphorous-32 microparticles. These radioactive microparticles are precisely delivered via ultrasound-guided endoscopy directly into pancreatic tumors, enabling a highly targeted and localized radiation treatment strategy. This innovative method aims to induce prolonged local tumor control and tumor size reduction, potentially improving patient outcomes when used in conjunction with standard gemcitabine-based chemotherapy.
With a strong commitment to advancing oncology treatments, OncoSil Medical is driven by a team of experienced professionals and leaders in the medical device and pharmaceutical industries. The company has already achieved significant milestones, including regulatory approvals in multiple jurisdictions such as the European Union, United Kingdom, Hong Kong, and New Zealand. Their ongoing clinical research and development efforts demonstrate a dedication to improving cancer treatment options and providing hope for patients facing challenging pancreatic cancer diagnoses.