A new spin-out company from Cardiff University aims to bring a range of innovative surgical instruments to market.
Asalus Medical Instruments is developing three innovative devices aimed to improve the safety and efficiency of laparoscopic or 'keyhole' surgery.
The surgical start-up is a new portfolio company from Sheffield-based Fusion IP, which owns the exclusive rights to commercialise research from Cardiff and Sheffield universities.
Neil Warren, founder and Chief Technical Officer of Asalus, said: "Fusion's support, both commercially and financially, has been invaluable and we look forward to bringing our novel product range to market in the near future."
The combined power of commercial investment and scientific expertise was highlighted by Dominic Griffiths, Portfolio Investment Manager of Fusion Cardiff and Director of Asalus: "This is a great example of how the injection of know-how and money from the commercial sector can facilitate the rapid conversion of Cardiff's world-class IP pipeline into businesses with real value.
"Asalus has a great opportunity to be a developer of some of the UK's leading laparoscopic devices, and we look forward to supporting the company as it commercialises its product range."