ComMedica Limited, an innovative web-based clinical information system company spun-out from London’s Imperial College, has secured a further £2 million in funding.
The money will be used to continue development of ComMedica’s Patient Record Library System, or PiRiLiS, a unique system that allows complete patient medical records, including still and moving images, to be accessed from any web browser.
The funding round includes £250,000 from NPI Ventures Limited, a technology investment firm set up by Nikko Principal Investments Limited (NPIL) to invest in Imperial College spin-out companies. Private investors are contributing the balance of the finance.
ComMedica’s Chief Executive Officer, Mark Simon, said the extra investment will be invested in PiRiLiS. “This new funding comes at an exciting time for ComMedica as our PiRiLiS technology is really causing the healthcare market to sit up and take notice."
He added that the PiRiLiS system offered an essential component of the NHS’s new model of an Integrated Care Record Service (ICRS).
Simon Oakland, director of NPI Ventures and a Principal from NPIL, said: “ComMedica has a ground-breaking product and an exciting opportunity, and we are delighted to be able to support the next phase in its development.”
NPI Ventures will become observers on the ComMedica board, joining Imperial College, the founder members of ComMedica, and the executive directors.
ComMedica is an offshoot of London University’s Imperial College of Science, Technology and Medicine. It was officially formed in June 1999 to commercialise an electronic patient information environment.