ZAP Surgical Systems – a global leader in non-invasive robotic brain surgery – announced today the closing of a $78 million Series E funding round led by Qingdao Baheal Medical, with participation from other strategic investors. The new funding will advance the commercialization of the company’s ZAP-X Gyroscopic Radiosurgery platform.
Stereotactic radiosurgery (SRS) is a procedure for the non-invasive treatment of many brain tumors including brain metastases, meningiomas, and other intracranial disorders such as trigeminal neuralgia. Known as an alternative to open surgery for these indications, SRS is an outpatient procedure delivered in 1 to 5 brief treatments. Compared to open surgery, the SRS procedure has proven to provide equivalent to superior outcomes, yet requires no surgical incision, no pain, and typically requires little to no patient recovery period.
Every year, over five million patients globally could benefit from stereotactic radiosurgery. But due to the cost and complexity of legacy technologies, only about 200,000 patients receive optimal SRS care. And with availability concentrated primarily among only the largest urban academic hospitals, world-class radiosurgery has historically remained out of reach for an estimated 96% of patients who might benefit.
The ZAP-X system has an innovative design with unique gyroscopic movement, enabling radiosurgical beams to be directed from thousands of potential angles for precise tumor targeting. And this approach prioritizes the protection of healthy brain tissue and aims to preserve patient cognitive function. Plus, the vault-free and cobalt-free design of ZAP-X eliminates the need for costly shielded treatment rooms and removes the traditional requirement to manage, secure, and replace radioactive isotopes for radiation beam production.
KEY QUOTES:
“We founded ZAP Surgical to address a clear need: enabling more patients to access state-of-the-art radiosurgery without the prohibitive costs and infrastructure requirements that limit so many providers. This partnership with Baheal Medical perfectly aligns with our mission, providing ZAP-X with a powerful platform to reach millions of underserved patients globally.”
– John Adler, MD, Professor Emeritus of Neurosurgery at Stanford University and Founder and CEO of ZAP Surgical Systems
“We are thrilled to partner with ZAP Surgical in expanding access to cutting-edge radiosurgery technology. ZAP-X’s innovative approach aligns with our commitment to delivering advanced healthcare solutions that address pressing clinical needs. Together, we are poised to promote how brain tumors and other intracranial diseases are treated, providing more precise alternatives that greatly enhance patients’ quality of life.”
– Fu Gang, Chairman and President of Baheal Medical
