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Advanced Chemotherapy Technologies, Inc. Awarded $4 Million NIH Grant to Pursue Treatment for Locally Advanced Non-resectable Pancreatic Cancer

Advanced Chemotherapy Technologies, Inc. Awarded $4 Million NIH Grant to Pursue Treatment for Locally Advanced Non-resectable Pancreatic Cancer
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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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Investors pour $8M into Raleigh medical device startup; its drug delivery tech traces roots to UNC-CH

Investors pour $8M into Raleigh medical device startup; its drug delivery tech traces roots to UNC-CH
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Advanced Chemotherapy Technologies, Inc. Announces $2.5M Series A Investment by Spectrum Financial

Press release content from Business Wire. The AP news staff was not involved in its creation.
Advanced Chemotherapy Technologies, Inc. Announces $2.5M Series A Investment by Spectrum Financial
February 11, 2021 GMT
Advanced Chemotherapy Technologies ACT-IOP-003 iontophoresis chemotherapy delivery system (Photo: Business Wire)
RALEIGH, N.C. (BUSINESS WIRE) Feb 10, 2021
Advanced Chemotherapy Technologies, Inc., a clinical-stage drug delivery company, announced today that it has closed a Series A investment of $2.5 million with Spectrum Financial. This investment is in addition to the previously announced Series A investment of $5.5 million lead by Khosla Venture. The capital will be used to fund initial clinical development of the company’s ACT-IOP-003 local chemotherapy system for the treatment of locally advanced non-resectable and borderline resectable pancreatic cancer. ....

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