Radiaction Medical, LTD (“Radiaction”), a medical device company whose mission is to provide radiation protection to the entire medical staff during interventional procedures, today made two announcements. First, it has raised $12.6 million in Series C2 funding led by U.S. private equity fund InnovaHealth Partners with participation from additional co-investors. Second, the company elected Christopher Barys to serve on its Board of Directors. Barys joins the organization with 30+ years of medical device sales, marketing, and business experience, including leading growth and innovation within the cardiac catheterization and image-guided spaces.
Radiation exposure within the catheterization lab presents significant occupational health risks. Studies have shown an increased risk for brain tumors, breast cancer, cataracts, cognitive degradation, thyroid disease, fetal exposure, and orthopedic injuries when exposed to ionizing radiation. The need for advanced solutions is imperative.
The novel Radiaction system is the first and only advanced technology to proactively block radiation at the source, providing comprehensive, head-to-toe radiation protection to the entire interventional team while allowing unencumbered patient care, access, and service. Radiaction is clinically supported with extensive lab testing and real-world, peer-reviewed, published literature validating its performance in clinical settings.
Barys says, “I am thrilled to be a part of Radiaction’s mission to provide advanced radiation protection to the entire procedural staff. Now more than ever, the medical community needs innovative solutions to pressing systemic problems. Radiaction is disrupting the industry for the better. I am looking forward to supporting Radiaction in bringing its radiation reduction solution to every catheterization lab in the U.S. and abroad.”
Radiaction is rapidly expanding its footprint in the United States, adding new sites to its user base, providing key support staff to ensure the success of each system installation, developing additional features, and growing its clinical publication pipeline to support the technology’s performance with clinical data.
Jonathan Yifat, Radiaction Medical CEO, is enthusiastic about this next phase, saying, “This current financing round is a significant step forward, one that enables us to expand our reach further, lead with exceptional customer support, and provide this essential technology to protect those who care for patients.” He continues, “The addition of Christopher Barys is a tremendous asset to the strategic composition of our Board of Directors. Chris has a proven track record of market development and growth within the interventional space we aim to serve. He brings a keen eye for strategic opportunities and will help guide our company through its next stages of growth.”