Case study

Success story: magnetics offer a safer future in cancer care

Innovate UK's Future Health Mission paved the way for Endomag to venture into US health market with radiation-free cancer tracing system

Endomag chief executive Dr Eric Mayes standing on a balcony at the Royal Institution in London

Endomag's Eric Mayes: more than 200 Sentimag systems in use around the world

皇冠体育app fight against cancer has gained a new, safer diagnostic weapon 鈥� thanks to Sentimag, Endomag鈥檚 nanoscale magnetic tracer system.

With the help of Innovate UK funding, Cambridge-based is now a significant leader in its field.

It wasn鈥檛 always that way, as the company鈥檚 chief executive Dr Eric Mayes explains: 鈥淚n the early days I used to carry the 鈥榦ffice鈥� around with me in my laptop bag, but it was okay because I was the only full-time employee.鈥�

How times have changed. Looking out from Endomag鈥檚 new headquarters in Cambridge, Mayes notes: 鈥淲e have maintained triple-digit revenue growth over the past three years and our revenues exceeded 拢2.5 million for the year ending April 2015.

鈥淏ut what has been particularly meaningful for us is that we鈥檝e grown a really creative and productive team and now have more than 200 systems used across Europe, the Middle East and Australia.鈥�

Future Health mission to California

In 2009 Endomag received a grant of 拢275,000 from Innovate UK towards total project costs of 拢800,000 for a collaborative R&D project to develop a safe and convenient alternative to traditional cancer treatment.

With further funding from venture capitalists, the team set out to magnetically locate lymph nodes to determine the spread of cancer, without the need for radioisotopes. It means that clinicians can use safe, magnetic fields to power diagnostic and therapeutic devices, avoiding concerns around the safety, workflow and availability of ionising radiation.

After a couple of years鈥� development and testing, Endomag secured a CE mark for its Sentimag instrument at the end of 2010. Mayes adds:

Without Innovate UK it would never have got off the ground. It would still have been in the lab.

But it wasn鈥檛 just the money that helped us. Through Innovate UK we were invited on a Future Health Mission in 2011 to California. We went with other small companies from Britain involved in everything from artificial bone regeneration, to fluids that keep transplant organs safe, and digital patient record systems. During that Mission, we were able to develop a relationship with the that now leads our US pivotal trial.

Endomag also successfully applied for a Biomedical Catalyst grant, which resulted in a trial to determine whether patients with malignant melanoma could benefit from its magnetic tracer system. Mayes explained:

Even though we are generating sales now, our resources are balanced towards sales growth. 皇冠体育app thing about Innovate UK is that it has helped us leverage our development resources to do so much more.

Today Sentimag and its companion tracer, , have been used to treat more than 6,000 breast cancer patients. In the US, it has investigational approval from the and a pivotal trial is under way at 6 sites across the US. It is expected to be completed later this year.

皇冠体育app underlying technology is now being applied to develop new, more advanced laparoscopic and endoscopic probes for other types of cancer, including melanoma, prostate, bladder, thyroid, colon and cervical.

2015 is certainly proving to be an exciting year in the company鈥檚 history, with Endomag also a finalist of the prestigious from the Royal Academy of Engineering.

See other businesses that have gone on to become successful through Innovate UK support

Updates to this page

Published 13 July 2015
Last updated 5 August 2015 show all updates
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