France’s Median Technologies (EPA:ALMDT) is consolidating and expanding in Massachusetts, with a new Woburn facility set to open next week.
The medical imaging software maker and developer said the site will consolidate its existing operations in the Boston area, but also be big enough to handle an “ambitious U.S. recruitment plan.”
A company spokesperson told MassDevice.com that the facility’s “exact square footage has not been communicated.” It’s slated to open May 16.
Median CEO Frederik Brag said that nearly half of Median’s revenue in 2015 came from North America.
“In 2016, 43.5% of our revenue was produced in North America,” Brag said in prepared remarks. “A more permanent, stronger establishment was an essential step for us.”
Median will have a stronger ability to tap into Boston’s life sciences knowledge base, he said, “particularly in the field of oncology,” noting the region’s density of potential pharmaceutical and biotechnology customers. Median’s medical imaging software and services are focused on oncology, clinical trials, cancer screening and clinical practice.
Median launched in 2002. Its board of directors includes veterans of Philips Medical Systems, Canon Inc. executive Takashi Mori and venture capitalists from OTC Asset Management, ePlanet Capital and Auriga Partners.