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Tuesday, May 30, 2023
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SpectraScience Acquires North Carolina Medical Device Company

SpectraScience Inc., a medical device company using light technologies to detect and diagnose cancers, has acquired the assets of Durham, N.C.-based Oncoscope Inc.

Financial details were not disclosed.

Oncoscope developed a proprietary optical imaging system to detect pre-cancerous tissues using scattered white light. Their first target indication was for Barrett’s Esophagus, a precursor for cancer of the esophagus.

“The Oncoscope technology is the perfect complement to ours,” said Michael Oliver, president and CEO of SpectraScience, in a statement. “Having two complementary technologies allows us to address multiple types of cancers including both esophageal and colon cancer.”

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SpectraScience designs, develops and manufactures spectrophotometry systems capable of determining whether tissue is normal, pre-cancerous or cancerous without physically removing tissue from the body.

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