iGan Partners welcomes Stacey Kline as new Impact Partner

iGan Partners is pleased to announce its new partnership with Stacey Kline, Managing Director of The Good Fund. Stacey is focused on mobilizing capital for good. She's determined to prove that profit and purpose go hand-in-hand, and that impact-per-share is just as relevant as earnings-per-share. Stacey is the founder and managing director of The Good [...]Continue reading

Sam Ifergan mentioned in the Financial Post: Softbank’s Vision Fund is haunting for Unicorns, but Canada’s is not on their radar

A representative of one of the world’s largest tech investment vehicles was in Toronto Monday, but don’t expect SoftBank’s US$100 billion Vision Fund to start buying into Canadian firms anytime soon. Yoshiaki Tanaka, a senior director at SoftBank Telecom America Corp., spoke about the Vision Fund at a Toronto Regional Board of Trade event titled “Finding [...]Continue reading

iGan Partners welcomes Mark Bhattacharya as new CFO/CCO

iGan Partners is pleased to announce that Mark Bhattacharya has joined our firm as our new CFO/CCO. Prior to joining iGan Partners, Mark was at Morneau Shepell Asset and Risk Management Ltd. (‘MS ARM’) as Head of Operations and Chief Compliance Officer.  Mark brings over 20 years of experience to iGan Partners having previously worked as the [...]Continue reading

photonamic GmbH & Co. KG (Germany) Acquires the Oncology Business from MolecuLight ™ Inc. (Canada)

Reposted from Moleculight | Photonamic GmbH & Co. KG (Head office: Pinneberg, Germany; CEO: Ulrich Kosciessa, Ph.D.) (“photonamic”), a subsidiary of SBI Holdings, Inc. (Head office: Minato-ku,Tokyo; Representative Director, President and CEO: Yoshitaka Kitao) is engaged in the business of pharmaceutical development of 5-aminolevulinic acid (“5-ALA”) (*) hereby announces the acquisition of the Oncology Business of [...]Continue reading

Akira Health Acquired By Telus Health

Reposted from BetaKit |

Virtual care platform, Akira Health, which offers a healthcare app, as well as in-person healthcare clinics, has been acquired by Telus Health. Terms of the deal were not disclosed.

Akira announced that the acquisition had been finalized in a letter to its customers on August 8. As part of the deal, Akira’s employees and its healthcare providers will officially join the “extended” Telus Health network. The transition is set to happen within the next few months.


“Our commitment to delivering an outstanding patient-first experience will be maintained in the future, as it aligns perfectly with Telus Health.”


The healthtech startup will continue to operate under the Akira brand, and there are no planned changes to its staff, business premises, or operations. Akira, which opened an in-person tech-enabled clinic in Toronto, in April, also stated that it will continue to operate its current clinical and office teams. Moving forward, Telus Health will collaborate with Akira and explore partnership opportunities that will bring mental health and diagnostics to Akira’s virtual care platform. The healthtech company also plans to continue developing its own products.

The acquisition will also give Akira customers access to Telus Health’s offerings, as well as products and solutions for insurers, employees, and employers that will be co-developed by Akira and Telus.

“Akira Health’s mission, strategy, and core philosophy are closely aligned with Telus’ and both companies remain committed to improving patient outcomes and experience,” Akira said in the letter to its customers. “Our commitment to delivering an outstanding patient-first experience will be maintained in the future, as it aligns perfectly with Telus Health’s own Customers First philosophy.”

Financial Post: “Great research, horrible commercialization”: Why investors see Canada as a potential hotbed for health tech

Reposted from Financial Post |

About 13 years ago, Dr. Ralph DaCosta noticed something unusual — a fluorescent glowing red mass of bacteria — while looking at the insides of a lab rat in his microscope as a PhD student in Toronto.

The glowing bacteria wasn’t directly related to his research, but it planted the seed of an idea: what if it was possible to make bacteria visible to the naked eye?

Eventually he filed a patent, but it didn’t really go anywhere until 2014, when a Toronto-based venture capital firm wrote a cheque for $4 million to help him commercialize a handheld fluorescent imaging device.


It’s a three and a half trillion dollar industry, just in the U.S. alone

– Analyst Jeff Becker


Today, the MolecuLight is in the hands of doctors in North America and Europe, allowing them to see bacteria on human skin in real time, which allows for better treatment of chronic, infected wounds.

DaCosta’s device is an early Canadian success in a health technology field that had become one of the hottest spaces for startups — and one in which Canada is well-positioned to take advantage, even if access to the massive U.S. health care industry is the primary target for most investors.

(Read More…)

Bellingham Urology Group Acquires First ExactVu in Washington State for Real-Time Targeted Prostate Biopsies

TORONTO, CANADA —  Exact Imaging (www.exactimaging.com), the world’s leader in high resolution micro-ultrasound systems enabling real-time imaging and biopsy guidance for the prostate, announced that Bellingham Urology Group has acquired the ExactVu™ micro-ultrasound system for real-time targeted prostate biopsies. This is the first of its kind in Washington, Oregon, and Idaho.

“At Bellingham Urology Group, we are dedicated to providing the highest level of patient care, and investments in the newest imaging technologies to allow our physicians to achieve these outcomes is essential”, says Dr. Vernon Orton, one of Washington’s most experienced urologic robotic surgeons. “Our acquisition of this ExactVu high resolution micro-ultrasound system will allow our urologists to actually visualize suspicious regions with 300% the image resolution of conventional ultrasound systems, and then target their prostate biopsies in real-time. Bellingham Urology Group patients will benefit from this excellent new platform that will allow us to ultimately improve our biopsies with the end goal of allowing our physicians to more accurately diagnose significant prostate cancer.” Dr. Orton adds “The ExactVu micro-ultrasound system is a paradigm shift in real-time imaging striving to get even more accurate biopsies using the highest resolution modalities to enable the fastest, most detailed imaging of the prostate. With the system’s FusionVu™ feature, we can also align the patient’s prostate MRI with the live micro-ultrasound image to either perform Cognitive Assist™ or micro-ultrasound/MRI fusion-guided biopsies, all with the benefit of the 70-micron resolution of micro-ultrasound. This allows us to see lesions that were unseen with our older technologies.”

“We are thrilled to have Bellingham Urology Group as the first practice in Washington, Oregon, and Idaho to adopt our ExactVu micro-ultrasound platform,” says Randy AuCoin, Exact Imaging’s President and CEO. “The ExactVu micro-ultrasound system provides the highest real-time resolution for targeted prostate biopsies and through this progressive urology practice, patients in the Northwestern U.S. can now have access to micro-ultrasound for their prostate biopsies”.

The ExactVu customer base is growing globally as the urological community is recognizing the power of micro-ultrasound for providing excellent resolution for visualizing the prostate and providing real-time targeted guidance of prostate biopsies in a manner that is fast, cost-effective, and convenient for the patient.

About Exact Imaging

Exact Imaging (www.exactimaging.com) is the world’s leader in high-resolution micro-ultrasound systems enabling real-time imaging and guided biopsies in the urological market for prostate cancer. Exact Imaging’s ExactVu™ micro-ultrasound platform operates at 29 MHz and enables a whole new level of resolution with the benefits of ease of use, affordability, and is an extension of the current urological workflow. Using the Exact Imaging platform, urologists are able to visualize areas of interest in the prostate and specifically target biopsies at those areas. For those cases where MRI might assist, the FusionVu™ micro-US/MRI fusion application operates on the ExactVu micro-ultrasound platform and facilitates fast, simple MRI fusion-based targeting with the guidance of the micro-ultrasound system’s 70-micron real-time resolution. The ExactVu micro-ultrasound system including the FusionVu application have received regulatory approval in the European Union (CE Mark), the United States (FDA 510(k)) and Canada (Health Canada medical device license).

About Bellingham Urology Group

Bellingham Urology Group pledges to a mission to deliver evidence-based, patient-centered, state-of-the-art urological care.

Behind The Fundraise with iGan Partners

On April 18, Toronto-based VC fund, iGan Partnersannounced it had raised CAD $100M for its first fund, iGan Fund I; surpassing its initial goal of CAD $50M. The fund is focused on the health technology sector which includes digital health, medical devices, healthcare IT and AI. The fund will also provide diversified exposure to early-stage health technologies.

iGan was established in 2013 and is one of the largest healthcare VCs in the country.

To chat more about the latest fund closing, the CVCA spoke with Sam Ifergan, Founder and Managing Partner at iGan.

(Read More…)

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