Conavi Medical Receives $1.25 Million Milestone Payment Under Ontario Life Sciences Scale-Up Fund

Conavi Medical has secured a $1.25 million milestone payment from the Ontario Life Sciences Scale-Up Fund, bringing its total funding under the program to $1.75 million. This payment was triggered by the FDA clearance of its innovative hybrid IVUS-OCT imaging system, which combines two imaging technologies for better cardiac diagnostics. This funding will bolster Conavi’s efforts to launch its new imaging system commercially. This development is significant as it underscores the company’s progress and potential to advance medical technology in the cardiovascular field.