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Novian Health Raises $11 Million Series A; Ramps Up Studies Of Breast Cancer Laser Ablation

Novian Health Inc. will use its recent $11 million Series A round to kickstart multicenter clinical trials on its Novilase Interstitial Laser Therapy for ablating early-stage breast cancer.

Novian Health Inc. has raised $11 million in a Series A funding round, the company announced in early February. The funding was led by iNetworks LLC and included other prior and new investors. [See Deal] The money will be used to kickstart the company’s multicenter clinical trials in the US and Europe, which are investigating the firm’s Novilase Interstitial Laser Therapy (ILT) for ablating early-stage breast cancer.

Novian received IDE approval for its US breast cancer trial in April of 2012, but had enrolled only a handful of patients prior to the funding round, according to company...

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