Zilico secures further £750K funding for cervical cancer test
6 November 2012
Zilico Ltd has secured £750K investment from The North West
Fund for BioMedical. This follows £1m invesetment announced in June
Zilico Limited was originally spun out from the University of
Sheffield and Sheffield Teaching Hospitals NHS Foundation Trust. The
company is developing a new system with two applications to provide
‘real time’ results for tests for cervical cancer, removing several
weeks of waiting for a diagnosis. The system consists of a portable
hand-held device, a single use disposable sleeve and docking
station. This system is safe, painless, and accurate.
The technology used, called electrical impedance spectroscopy,
can measure the resistivity of cells and so detects changes as cells
progress from normal to precancerous and then to cancerous.
Cervical cancer affects around 500,000 women worldwide each year
and is responsible for 300,000 deaths. Under current screening
practices in the UK, a woman will have a Pap smear or LBC test every
three or five years. If the test is positive, she will be referred
to a colposcopy clinic for a detailed cervical examination.
The first application of the device, ZedScan I, is positioned
within the referral population, and could help in reducing the
number of biopsies taken. The second application, which is under
development, will be positioned as a screening device and will help
to reduce the subjectivity and time-taken with current tests.
The referral application completed a pivotal European trial of
400 women in 2011 across three hospitals in the UK and Ireland. The
company has been disseminating these results at key scientific
meetings across the world.
Chief Executive of Zilico, Sameer Kothari, said: “I welcome the
ongoing support of the existing shareholders and I am also pleased
to bring in new investors. This investment will significantly help
with our launch plans of ZedScan in 2013.”
Zilico says it will use the investment to complete the
manufacture of commercial devices and to establish its route to
market for EU and other territories.