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September 01, 2015 7:13 PM ET

Healthcare Equipment and Supplies

Company Overview of InSightec Ltd.

Company Overview

InSightec Ltd. Engages in the research, development, manufacture, and marketing of therapeutic magnetic resonance-guided focused ultrasound non-invasive surgery systems. Its magnetic resonance-guided focused ultrasound surgery technology combines a high intensity focused ultrasound beam that heats and destroys targeted tissue non-invasively, as well as visualizes patient anatomy, and controls the treatment by continuously monitoring the tissue effect. The company offers ExAblate O.R., a non-invasive operating room that incorporates interchangeable cradles offering commercially approved and research treatment options for a multitude of clinical indications, such as uterine fibroids, adenomyos...

5 Nahum Heth Street

POB 2059

Tirat Carmel,  39120

Israel

Founded in 1999

Phone:

972 4 813 1313

Fax:

972 4 813 1322

Key Executives for InSightec Ltd.

Founder and Chief Executive Officer
President and Chief Commercial Officer
Executive Chairman of the Board
Age: 54
Chief Financial Officer and Vice President
Vice President of Operations and Quality
Compensation as of Fiscal Year 2015.

InSightec Ltd. Key Developments

INSIGHTEC Ltd Announces Launch of Neurosurgery System on 1.5T MRI Platform

INSIGHTEC Ltd. announced the expansion of its innovative, non-invasive neurosurgery system from 3T to 1.5T MRI systems. This launch significantly expands the potential market for INSIGHTEC'S ExAblate Neuro as 1.5T systems are the most common MRI systems in use today. The system is immediately available in the European market and is pending regulatory approvals in additional markets. This product expansion is made possible by an INSIGHTEC designed custom imaging coil that improves the intra-operative imaging performance on the 1.5T MRI to allow for this highly precise surgery. The first two treatments were successfully performed in Palermo, Italy led by the Departments of Radiological Sciences at the University Hospital 'Paolo Giaccone' of Palermo and Sapienza University of Rome, School of Medicine, with the collaboration of leading neurosurgeons from both Centro Diagnostico Italiano (CDI) and Istituto Neurologico Carlo Besta of Milano. The system acquisition was made through a research grant from the Italian Ministry of Education and Research.

INSIGHTEC Appoints Maurice R. Ferré as Executive Chairman of the Board

INSIGHTEC announced Dr. Maurice R. Ferré, a seasoned medical device executive, will join the INSIGHTEC leadership team as its newly appointed Executive Chairman of the Board of Directors. Dr. Ferré most recently served as CEO and Chairman of MAKO Surgical Corp.

Elbit Imaging Ltd. Announces InSightec Wins Approval in Japan for Treatment of Pain Palliation Caused by Bone Metastases and for Advanced Treatment of Uterine Fibroids

Elbit Imaging Ltd. announced that it was informed by InSightec Ltd. (InSightec) that Japan's Ministry of Health, Labor and Welfare (MHLW) has approved InSightec's MR-guided Focused Ultrasound (MRgFUS) system for the treatment of pain palliation caused by bone metastases and advanced treatment for women with uterine fibroids. As a result, InSightec may expand its product portfolio for the Japanese market. MHLW has also approved the advanced treatment for women with uterine fibroids. This advanced treatment provides additional treatment options and shortens treatment time, allowing physicians to better monitor the procedure.

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Recent Private Companies Transactions

Type
Date
Target
Private Placement
May 25, 2015
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