Toronto – September 16, 2026 -- iGan Partners, a Toronto-based venture capital firm focused on medical device, diagnostic, imaging, and digital health companies, disclosed a series of portfolio milestones, headlined by a development contract worth up to $70 million awarded to portfolio company Flosonics Medical.
Flosonics secures BARDA contract to extend ultrasound tech into trauma care
The contract, from the Biomedical Advanced Research and Development Authority (BARDA) within the U.S. Department of Health and Human Services, includes approximately $15 million in initial funding. It supports FloPredict, an AI-enabled software enhancement to Flosonics' FDA-cleared FloPatch device, expanding the real-time ultrasound technology into trauma care and mass casualty response applications.
Exact Imaging posts 166% revenue growth after distribution overhaul
Exact Imaging reported 166% year-over-year revenue growth in the first 12 months following its shift from a single international distribution model to a direct sales and expanded distribution network approach. The company also expanded its North American direct sales team, while peer-reviewed literature supporting its ExactVu platform now exceeds 140 published papers.
MolecuLight publishes first fluorescence imaging study in orthopaedic surgery
MolecuLight and The Royal Orthopaedic Hospital NHS Foundation Trust announced publication of the first clinical study evaluating fluorescence imaging during orthopaedic surgery, a prospective 10-patient pilot. The study extends MolecuLight's clinical evidence base beyond chronic wound care into perioperative surgical applications.
Cosm Medical partners with Duke Health and Mayo Clinic on pelvic surgery recovery devices
Cosm Medical entered a licensing and collaboration agreement with Duke Health and Mayo Clinic to develop and commercialize Gynethotics Recovery, a new class of personalized devices for recovery after pelvic reconstructive surgery. The devices are built on Cosm's digital gynecology platform, which combines medical imaging with 3D printing.
Marble launches medical records service for $2.521 billion tobacco settlement fund
Marble launched a dedicated medical records service for claimants under the Pan-Canadian Claimants' Compensation Plan, a $2.521 billion fund for eligible claimants outside Quebec under Canada's tobacco settlement. Marble is working with plan agent Epiq to gather the medical evidence required for claimant eligibility.
Segmed data underpins Stanford-led study testing 54 AI models on cardiac imaging
Segmed provided the data behind a new paper published in The International Journal of Cardiovascular Imaging, conducted with Stanford University and the University of Washington School of Medicine. The study tested 54 large language model configurations on cardiac imaging reports and found that open-weight models can approach the level of agreement achieved by expert radiologists.