Applied Ventures Invests in Oncoscope

Applied Ventures, the venture capital arm of Applied Materials, has invested in Oncoscope, a medical optical imaging technology company, according to a CIOL report.

Oncoscope's optical screening technology is being developed to assist physicians in targeted and efficient examination of a patient's tissue through guided biopsies. The company is seeking approval from the U.S. Food and Drug Administration to market its device for detecting precancerous lesions of the esophagus, according to the report.  

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