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Advanced Chemotherapy Lands $2 5M Investment From Spectrum Financial | North Carolina Biotechnology Center

  Advanced Chemotherapy Technologies (ACT), a medical device startup developing a way to improve the treatment of pancreatic cancer, has added $2.5 million in funding to support clinical testing of its technology. ACT  device, code-named ACT-IOP-003. ACT photos The technology of Raleigh-based ACT is a drug delivery system. The device, code-named ACT-IOP-003, is about the size of a quarter. Implanted in the pancreas, it employs a technique called iontophoresis, which involves running a mild electric current. That current drives gemcitabine, a type of chemotherapy, into the tumor. This approach is intended to be a more targeted way of delivering a drug to the spot where it’s needed.

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