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Ablatus was founded in 2016 as a spin out from the NHS, under the guidance of Health Enterprise East (HEE), to develop and commercialise patented Bimodal Electric Tissue Ablation (BETA) technology
Medical device company
NVM invested £1.0 million of growth capital
The Ablatus technology was originally developed by clinicians in the Norfolk and Norwich University Hospitals NHS Foundation Trust(the Trust), who identified a novel way to address some of the issues with radiofrequency ablation. The Trust has since been working alongside HEE to commercialise the invention and their efforts led to the formation of Ablatus in 2016,with Dr David Brooks joining as CEO,and Dr Bill Allan as Chairman. David and his team are now focussed on continuing the development of the technology and conducting clinical trials to support the application for a CE mark. The investment from NVM will help fund this next phase and is accompanied by funding from the MedTech Accelerator, InnovateUKand the angel community.
Dr David Brooks, the CEO of Ablatus, has over 20 years R&D and business experience in the drug, diagnostic and device sectors. David has worked in business development, venture capital and investor relations, has an academic background in cancer biology and a PhD from Cambridge University.
Dr Bill Allan, the Chairman of Ablatus, is an internationally experienced medical device executive who has held senior positions with AngioDynamics, Smith & Nephew, SurgaColl, Stryker and Orthovita.
Health Enterprise East (HEE) is represented by Dr Anne Blackwood on the board of Ablatus. Anne is CEO of HEE and been actively involved in knowledge transfer and intellectual property management in the life sciences for over 15 years. Anne is also a Director of the Medtech Accelerator, a joint venture with public sector partners that funds early stage technology development projects in the NHS. Prior to joining HEE Anne spent four years with Cambridge Enterprise and holds a PhD in chemistry from Strathclyde University.
NVM has a history of investing in innovative MedTech companies having most recently funded Medovate in November 2017. The investment in Ablatus represents NVM’s fourth growth capital investment of 2018.