[Activ Surgical] Hikma Ventures leads Series B extension in Activ Surgical to support the global com
[Activ Surgical]
London, UK and Boston, MA – March 22, 2022 – Hikma
Pharmaceuticals PLC (Hikma), the multinational pharmaceutical company, today
announced that its venture capital arm, Hikma Ventures has led an $15 million
USD round of financing for Activ Surgical, a pioneering digital surgery imaging
startup that is developing groundbreaking interoperative surgical intelligence
hardware and software. The investment is an extension of the Series B round that
was previously announced by Activ Surgical in September 2021. This most recent
financing, which also saw participation from existing investors, brings the
total Series B round to $60 million USD. Activ Surgical aims to revolutionize
access to surgical care, enabling a future of augmented reality (AR)- based and
artificial intelligence (AI)-driven surgery that is safe, smart, and accessible
to all. The company’s patent-protected surgical intelligence platform –
ActivEdge™ – is being designed to reduce unintended and preventable surgical
errors by enhancing a surgeon’s interoperative decision-making through the use
of AI. Activ Surgical’s first product — the ActivSight™ imaging module —
seamlessly upgrades existing operating room equipment, serving as the “eyes” of
the ActivEdge platform. It allows surgeons to access critical intraoperative
visual data as AR overlays. In 2021, the ActivSight imaging module was cleared
by the FDA and successfully used in its first-in-human studies. To date,
multiple major hospital networks across the U.S. and Europe have been
established as pilot sites. The ActivSight imaging module is available now via
a limited market release and will be broadly available in 2022. “Hikma
Ventures’ investment in Activ Surgical comes at a critical inflection point in
the company’s history as our team is hard at work preparing for the global
launch of our ActivSight imaging module later this year,” said Todd Usen, CEO,
Activ Surgical. “This investment will allow us to scale our business quickly and
add resources needed to ensure a successful rollout of the ActivSight imaging
module, helping to fulfil our mission to empower surgeons’ intraoperative
decision-making and, ultimately, enhance patient safety. Hikma’s position in
the global healthcare landscape helps validate our mission to provide better
patient outcomes globally.” “We are thrilled to invest in Activ Surgical and
support their mission to democratize surgical care and to eliminate unintended
surgical complications to improve patient outcomes and empower surgeons across
the globe,” said Lana Ghanem, Managing Director of Hikma Ventures. “This is the
latest example of Hikma Ventures' commitment to supporting pioneering companies
utilizing cutting-edge technologies to meaningfully improve patients' lives. We
look forward to working with the talented Activ Surgical team to help them
expand the global reach of their innovative platform to different geographies,
especially the Middle East.”
Media: Steve Weiss David Belian US Communications and Public
Affairs +1 732 788 8279 +1 848 254 4875 uscommunications@hikma.com U.S. Media
Conact for Activ Surgical: Heath Meyer (heath@teamseismic.com / 858-768-1527)
About Hikma (LSE: HIK) (NASDAQ Dubai: HIK) (OTC: HKMPY) (rated BBB-/stable
S&P and BBB-/stable Fitch) Hikma helps put better health within reach every
day for millions of people around the world. For more than 40 years, we've been
creating high-quality medicines and making them accessible to the people who
need them. Headquartered in the UK, we are a global company with a local
presence across the United States (US), the Middle East and North Africa (MENA)
and Europe, and we use our unique insight and expertise to transform
cutting-edge science into innovative solutions that transform people's lives.
We're committed to our customers, and the people they care for, and by thinking
creatively and acting practically, we provide them with a broad range of
branded and non-branded generic medicines. Together, our 8,600 colleagues are
helping to shape a healthier world that enriches all our communities. We are a
leading licensing partner, and through our venture capital arm, are helping
bring innovative health technologies to people around the world. For more
information, please visit: www.hikma.com About Hikma Ventures Founded in August
2015, Hikma Ventures operates as the corporate venture capital arm of Hikma
Pharmaceuticals. Hikma Ventures invests in global start-ups where Hikma's
expertise can accelerate revenue growth and enhance value creation by providing
ventures with access to the resources of a multinational pharmaceutical
company. For more information, please visit www.hikmaventures.com. About Activ
Surgical Activ Surgical is the pioneering digital surgery company that
completed the world’s first autonomous robotic surgery of soft tissue in 2018.
The company is revolutionizing surgical vision, enabling a future of augmented
reality-based and artificial intelligence-driven surgery that is safe, smart,
and accessible to all. Its patent-protected surgical software
platform--ActivEdge™--is being designed to reduce unintended and preventable
surgical errors by enhancing a surgeon’s intraoperative decision making via the
aggregation of surgical data from around the world. Activ Surgical is privately
held, and backed by Hikma Ventures, DNS Capital, Cota Capital, BAM Funds,
GreatPoint Ventures (GPV), ARTIS Ventures, LRVHealth, Tao Capital Partners,
Magnetar Capital, NVIDIA, Rising Tide VC, MINT Venture Partners, Castor
Ventures, SONY Innovation Fund, and Dream One Vision. Learn more at
www.activsurgical.com.