Perimeter Medical Imaging — creator of AI-based medical imaging tools for cancer surgery — plans to go public on the TSX Venture Exchange in Toronto on the week of June 29.
The Toronto- and Dallas-based company is going public at the same time that it enters the commercial stage for its proprietary, FDA-cleared OCT imaging platform. Perimeter Medical Imaging officials say their imaging platform is able to provide real-time, microscopic-scale imaging information during surgery.
“Taking Perimeter public at this stage of the company’s life cycle will be instrumental in the success of the organization. Our technology should be in the hands of as many physicians as possible, and being a public company provides us access to the capital needed to scale in support of our growth,” Perimeter CFO Jeremy Sobotta said in a news release.
Perimeter Medical Imaging’s ticker will be PINK, an allusion to the pink breast cancer allusion ribbons. The company’s officials think their imaging technology and AI could make a difference in saving women’s lives from the disease.
The Cancer Prevention and Research Institute of Texas in April provided Perimeter Medical Imaging with a $7.44 million grant.