July 23, 2014 9:56 PM ET

Healthcare Equipment and Supplies

Company Overview of Dune Medical Devices Corporation

Company Overview

Dune Medical Devices Corporation develops a tissue characterization technology that enables surgeons and radiologists to detect cancer in real-time. It offers MarginProbe System, a technology that detects cancer by assessing the electromagnetic response of tissue, as well as delivers real-time assessment on excised tissue in breast cancer surgery. The company was founded in 2002 and is based in Caesarea, Israel. It also has offices in Boston and Framingham, Massachusetts; Israel; and Switzerland.

20 Alon Hatavor Street

Industrial Park South

Caesarea,  38900

Israel

Founded in 2002

Phone:

972 4 617 8000

Fax:

972 4 627 0642

Key Executives for Dune Medical Devices Corporation

Chief Executive Officer and Director
Age: 63
Chief Financial Officer and Senior Vice President
Chief Medical Advisor
Vice President of Finance & Administration
Compensation as of Fiscal Year 2014.

Dune Medical Devices Corporation Key Developments

Dune Medical Devices Corporation' MarginProbe System Available in the United States

Dune Medical Devices Corporation announced the MarginProbe System, a breakthrough intra-operative tissue assessment device used during lumpectomy surgery to treat early-stage breast cancer, is now available to patients in the United States, with the installation of the first System at University of California, Irvine Medical Center. Dune Medical Devices will be rolling out the MarginProbe System to additional hospitals across the U.S. in the coming months. The MarginProbe System, which received premarket approval from the US Food and Drug Administration on December 27, 2012, significantly improves surgeons' ability to intra-operatively identify 'cancer on the margin' and significantly reduce pathologically positive margins following a patient's initial lumpectomy surgery.

Dune Medical Devices Corporation Announces Results from the Pivotal Clinical Trial for the Marginprobe System

Dune Medical Devices Corporation announced that results from the pivotal clinical trial for the MarginProbe System, Dune's breakthrough intra-operative tissue assessment tool for early-stage breast cancer surgery, were presented at the 66th Annual Society of Surgical Oncology (SSO) Cancer Symposium. FDA approval of the MarginProbe System was based on a 664 patient prospective, multi-center, randomized, double arm study to evaluate the effectiveness of MarginProbe System in identifying cancerous tissue along the margins of removed breast tissue during initial lumpectomy procedures. The MarginProbe System, which uses electromagnetic "signatures" to identify healthy and cancerous tissue, was found to be over three times more effective in finding cancer on the margin during lumpectomy, compared to traditional intra-operative imaging and palpation assessment. This enabled surgeons to significantly reduce the number of patients with positive margins following initial surgery.

Dune Medical Devices Corporation Announces European Union Approval of the MarginProbe System Type 1.2

Dune Medical Devices Corporation announced that it has received CE approval for compliance with the European Union's medical directive for its next generation MarginProbe System console. The MarginProbe System Type 1.2 is a more compact and portable version of the MarginProbe System console which will allow users greater flexibility while locating the hardware component of the MarginProbe System in their operating theaters. In addition to its improved aesthetics and compact size, the improvements in overall design allow for streamlined manufacturing and overall lower manufacturing costs.

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Recent Private Companies Transactions

Type
Date
Target
Private Placement
June 26, 2014
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