RadianceTx Closes $1 Million First Tranche to Advance Anti-scarring Therapy for Glaucoma

August 3, 2018: By Joan McKenna

RadianceTx announced July 31 that it closed a $1 million tranche of a $7 million funding round to continue development of its Beta Ophthalmic System for glaucoma patients.

The anti-scarring therapy is designed to deliver beta irradiation to the surgical site to improve drainage outcomes.

It is topically applied during trabeculectomy or minimally invasive glaucoma surgery (MIGS) and is intended to keep the channel open and maintain reduced intraocular pressure.

RadianceTx says the therapy requires only 25 seconds to apply, minimizing stray dosing to non-target tissues and eliminating medical staff exposure to hazardous chemotherapy drugs.

Tucson-based RadianceTx said ophthalmologist Ian Murdoch, MD, and colleagues have carried out three randomized controlled trials with 728 patients that have demonstrated the therapy’s effectiveness in drainage surgery.

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