Spectrum Dynamics Medical Overview
Spectrum Dynamics Medical is a medical device company that has developed a high-definition functional imaging technology that provides high-speed, high-resolution nuclear images using compact systems. The companys BroadView Technology, based on a new scanning method and novel image-reconstruction algorithms, enables a tenfold increase in sensitivity and a significant improvement in image reconstruction quality and spectral resolution. Spectrums focus since the introduction of the D-SPECT has always been the need to reduce radiation exposure for patients and medical personnel. Its solid-state digital detector technology has the ability to count at up to 10 times the speed of a conventional Anger camera, drastically reducing imaging time (two-minute Gated SPECT study). Alternatively, the injected dose can be significantly reduced for a slightly longer acquisition time of six to 10 minutes.
Latest News
growth-positive
Spectrum Dynamics Medical and Kromek Group plc announce the introduction of the world's first digital SPECT/CT scanner using Kromek digital detectors for higher sensitivity and throughput. | BioSpace
Spectrum Dynamics Medical and Kromek Group plc have announced the integration of Kromeks cadmium zinc telluride (CZT) detectors into Spectrums digital SPECT/CT products, the VERITON-CT 400 series. The integration will lead to shorter scan times, lower radiation doses to patients, and improved image quality and quantitative accuracy. The 400 Series digital detector technology sets new standards with a 2-4 times improvement in energy range, system sensitivity, and energy resolution. The improvements will significantly shorten the scan times associated with current analog or state-of-the-art digital technology.
Partners
growth-positive
Spectrum Dynamics today announced its newest development in digital nuclear medicine imaging: the capability to image high energy isotopes using solid-state detector technology in a 360°-CZT based, wide-bore SPECT/CT configuration. - spectrum-dynamics
Tomer Gabay has been appointed as the Chief Financial Officer (CFO) of Spectrum Dynamics Medical. He will be responsible for managing the company’s finances, including financial planning, risk management, record-keeping, and financial reporting. Prior to this role, Tomer served as the Director of Finance and controller of the company. He brings over 10 years of experience in finance, business and operations in global organizations as well as startups.
Management Changes
growth-positive
Spectrum Dynamics today announced the worldwide deployment of its TruCorr Attenuation Correction software across the United States, Europe, and Asia - spectrum-dynamics
Tomer Gabay has been appointed as the Chief Financial Officer (CFO) of Spectrum Dynamics Medical. He will be responsible for managing the company’s finances, including financial planning, management of financial risks, record-keeping, and financial reporting. Prior to this role, Tomer served as the Director of Finance and controller of the company. He brings over 10 years of experience in finance, business and operations in global organizations and startups.
Management Changes
growth-positive
Spectrum Dynamics Receives Approval from Health Canada for VERITON-CT64 Digital SPECT/CT - spectrum-dynamics
Spectrum Dynamics Medical, Inc. has received a Canadian Medical Device License from Health Canada for its premium digital SPECT/ 64-sliceCT scanner, VERITON-CT64. The device is designed for both total body and organ-focused hybrid imaging with shorter scan times and lower injected activity compared to current analog dual-detector technology. The devices unique design enables routine hybrid 3D imaging for cardiac, brain, lung indications, and for the first time, total body hybrid SPECT/CT imaging.
Customers
growth-positive
Spectrum Dynamics Named Vizient Pediatric Provider for VERITON-CT Digital SPECT/CT - spectrum-dynamics
Spectrum Dynamics Medical, a diagnostic imaging solutions provider, has secured a pediatric program contract from Vizient, Inc., a member-driven healthcare performance improvement company. The contract is for Spectrums VERITON-CT digital SPECT/CT scanner, which provides personalized scans. The scanners design allows it to move close to the patients body, making it particularly effective for scanning children. The scanner also requires a lower injected dose of the radiopharmaceutical than non-digital scanner technology.
CustomersPartners
| Sector | Health Tech & Life Sciences |
Funding
| Total funding | Undisclosed |
| Last funding | Undisclosed |
| Stage | Acquired |
| Rounds | 0 |
| Investors | 0 |
Team Members
3
Employees: 51-200
Web & Social Links
| Website | spectrum-dynamics.com |
| Careers | Careers page |
Locations
Bareket Industrial Park Street 22, Caesarea, Israel
5 Canton Road, Tsim Sha Tsui, Kowloon, Hong Kong
Rue de Lausanne 31, 1110 Morges, Switzerland
301 North Cattlemen Road, Sarasota, FL 34232, USA
Photos & Videos
1 item(s)
Spectrum Dynamics Medical Business
Business models
B2B
Product stage
Released
Employees
51-200
Sector
Health Tech & Life SciencesMedical DevicesDiagnostics DevicesTarget Customer
Healthcare & Life SciencesHealthcareProvidersMedical Devices IndustryMedical EquipmentMedical ProductsCore Technology
Data StorageCloudSimulation & ImagingPlatforms & InterfacesSoftwareSemiconductors & ElectronicsTags (12)
cardiologyimagingmedical-devicesimage-processinghospitalsdiagnosticscloudmedical-technologiesoptronicsmedical-equipmentsoftware-developmentsemiconductorsGeographic Markets
GlobalSpectrum Dynamics Medical Financials
Undisclosed
Total funding
—
Capital raised
Undisclosed
Last funding
Acquired
Funding stage
0
Total rounds
0
Investors
Public Offering / Exit
MNAEvent
May 2013
$51M
Spectrum Dynamics Medical Lifecycle
All Events
MNAEvent
May 2013
$51M
Spectrum Dynamics Medical News
10 articles
growth-positive
Spectrum Dynamics Medical and Kromek Group plc announce the introduction of the world's first digital SPECT/CT scanner using Kromek digital detectors for higher sensitivity and throughput. | BioSpace
Spectrum Dynamics Medical and Kromek Group plc have announced the integration of Kromeks cadmium zinc telluride (CZT) detectors into Spectrums digital SPECT/CT products, the VERITON-CT 400 series. The integration will lead to shorter scan times, lower radiation doses to patients, and improved image quality and quantitative accuracy. The 400 Series digital detector technology sets new standards with a 2-4 times improvement in energy range, system sensitivity, and energy resolution. The improvements will significantly shorten the scan times associated with current analog or state-of-the-art digital technology.
Partners
growth-positive
Spectrum Dynamics today announced its newest development in digital nuclear medicine imaging: the capability to image high energy isotopes using solid-state detector technology in a 360°-CZT based, wide-bore SPECT/CT configuration. - spectrum-dynamics
Tomer Gabay has been appointed as the Chief Financial Officer (CFO) of Spectrum Dynamics Medical. He will be responsible for managing the company’s finances, including financial planning, risk management, record-keeping, and financial reporting. Prior to this role, Tomer served as the Director of Finance and controller of the company. He brings over 10 years of experience in finance, business and operations in global organizations as well as startups.
Management Changes
growth-positive
Spectrum Dynamics today announced the worldwide deployment of its TruCorr Attenuation Correction software across the United States, Europe, and Asia - spectrum-dynamics
Tomer Gabay has been appointed as the Chief Financial Officer (CFO) of Spectrum Dynamics Medical. He will be responsible for managing the company’s finances, including financial planning, management of financial risks, record-keeping, and financial reporting. Prior to this role, Tomer served as the Director of Finance and controller of the company. He brings over 10 years of experience in finance, business and operations in global organizations and startups.
Management Changes
growth-positive
Spectrum Dynamics Receives Approval from Health Canada for VERITON-CT64 Digital SPECT/CT - spectrum-dynamics
Spectrum Dynamics Medical, Inc. has received a Canadian Medical Device License from Health Canada for its premium digital SPECT/ 64-sliceCT scanner, VERITON-CT64. The device is designed for both total body and organ-focused hybrid imaging with shorter scan times and lower injected activity compared to current analog dual-detector technology. The devices unique design enables routine hybrid 3D imaging for cardiac, brain, lung indications, and for the first time, total body hybrid SPECT/CT imaging.
Customers
growth-positive
Spectrum Dynamics Named Vizient Pediatric Provider for VERITON-CT Digital SPECT/CT - spectrum-dynamics
Spectrum Dynamics Medical, a diagnostic imaging solutions provider, has secured a pediatric program contract from Vizient, Inc., a member-driven healthcare performance improvement company. The contract is for Spectrums VERITON-CT digital SPECT/CT scanner, which provides personalized scans. The scanners design allows it to move close to the patients body, making it particularly effective for scanning children. The scanner also requires a lower injected dose of the radiopharmaceutical than non-digital scanner technology.
CustomersPartners
growth-negative
Spectrum Dynamics Files Lawsuit Against GE for Theft and Misappropriation of Trade Secrets and Unfair Competition
Spectrum Dynamics has filed a lawsuit against GE for theft and misappropriation of trade secrets and intellectual property. The lawsuit alleges that GE stole Spectrum Dynamics proprietary technology and know-how related to nuclear medical imaging. Spectrum Dynamics is seeking to prevent GE from developing or using the stolen trade secrets and inventions. The company is also claiming unfair competition and seeking to correct inventorship on GE patents. Spectrum Dynamics VERITON™/VERITON-CT is a multi-purpose SPECT scanning machine that allows for full-body contour scanning and produces high-resolution images. The company is determined to defend its inventions against GEs illegal actions.
Partners
growth-positive
Spectrum Dynamics receives FDA clearance for VERITON-CT64 Digital SPECT/CT scanner
Spectrum Dynamics has received FDA 510(k) clearance for its VERITON-CT 64 SPECT/CT system. The digital scanner offers improved image detail and diagnostic confidence, with three times the volumetric sensitivity and twice the throughput of conventional cameras. The system, when used with diagnostic CT, enables new approaches in disease management, clinical care, and medical research. The CZT detectors in the system allow for more efficient data capture and potentially lower radiation dose to patients. Spectrum Dynamics aims to replace older equipment and consolidate assets into a single digital system, providing significant clinical, operational, and financial impact to the health network.
Customers
growth-positive
Spectrum Dynamics launches 12 detector SPECT system
Spectrum Dynamics has commercially launched a 12-detector SPECT system called VERITON, which aims to bring back lost procedures to PET. The system has undergone beta testing and received FDA 510(k) clearance and CE approval. The VERITON solves challenges in nuclear medicine by using 12 independently operated detector heads and an advanced proximity sensing system. It offers three times the volumetric sensitivity of conventional dual-head scanners. While it is less expensive than digital PET systems, it still has a $1 million price tag. The early adopters are expected to be academic institutions, government institutions, and large health networks. The additional resolution and sensitivity of the scanner can reduce exam times, eliminate the need for an additional scanner, and reduce radioisotope injection volumes.
Customers
growth-positive
MIM Software Inc. Partners with Spectrum Dynamics Medical
MIM Software Inc. has partnered with Spectrum Dynamics Medical to provide advanced visualization and quantitative processing software for the VERITON. This partnership aims to combine leading technologies into one complete SPECT solution for high-quality patient care.
Partners
growth-positive
Biosensors buys Spectrum Dynamics
Biosensors International Group Ltd. has acquired Spectrum Dynamics, a molecular nuclear imaging in cardiology company, for $51 million. The deal includes milestone payments on future achievements. Spectrum Dynamics is a medical device company focused on personalized molecular imaging and applications in nuclear cardiology. Biosensors will buy all Spectrum Dynamics assets in cardiology and the companies will establish a joint venture to develop other non-cardiac products. Spectrums products are approved for marketing in the US and other countries, and the company already has revenue of several million dollars. Biosensors specializes in developing countries and will focus Spectrums future marketing efforts in that direction.
Acquisition
Spectrum Dynamics Medical Team
Employee Info
| Employees (range) | 51-200 |
| Exact count | 156 |
| Team members | 3 |
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Spectrum Dynamics Medical Internal
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Admin Info
| Confidence | 90/100 |
| Missing | founding month, funding rounds, markets, not claimed |
| BI Verification | Yotam Maman |
| Registrar ID | 514861475 |
| Crunchbase | spectrum-dynamics |
| Phone | +972737374500 |
| Last updater | Matan Eblagon |
| Updater email | matane@sncentral.org |
| Last update | 2023-09-05T00:00:00.000Z |
| Created | 2014-08-03T00:00:00.000Z |
| Status detail | Acquired by Biosensors International Group on May, 2013 |