$5M for Photo Diagnostic Systems
Danvers, MA-based Photo Diagnostic Systems, a new medical imaging startup, has raised $5 million in equity funding, according to a regulatory filing. The news was first reported by Mass High Tech. The MHT article reports that Bernard Gordon, a founder of Analogic (NASDAQ: ALOG) and NeuroLogica, bought the assets of Photo Detection Systems (now defunct) and invested in the new company through the Gordon Charitable Remainder Trust. Photo Diagnostic Systems, which has a staff of about 15 people, is developing a portable PET (positron emission tomography) scanner, according to the report.