Mevion Medical Systems said today it closed a $150 million financing round with funds slated to support the company’s proton therapy devices and to expand manufacturing.
The round was led by YuanMing Capital and joined by Henan Maisheng Medical Technology and existing investors including HOPU Investments and China Everbright Limited, the Littleton, Mass.-based company said.
Mevion said that funding would be used to support its proton therapy business and to expand the company’s manufacturing capabilities to meet an increased interest in its Hyperscan systems.
Funding will also support the company’s expansion into new global markets, according to a press release.
In April, Mevion Medical Systems announced the launch of its Mevion S250i proton therapy system, touting that the first patient in the world had been treated with the system.
The post Mevion Medical closes $150m funding round appeared first on MassDevice.
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