SAN CARLOS, Calif.--(BUSINESS WIRE)--Nov 8, 2024--
ZAP Surgical Systems, Inc., a global leader in non-invasive robotic brain surgery, today announced the successful closing of a $78 million Series E funding round led by Qingdao Baheal Medical Inc., with participation from other strategic investors. The new financing will advance the commercialization of the Company’s pioneering ZAP-X® Gyroscopic Radiosurgery® platform.
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Stereotactic radiosurgery (SRS) is a well-established procedure for the non-invasive treatment of many brain tumors including brain metastases, meningiomas, and other intracranial disorders such as trigeminal neuralgia. Considered an alternative to open surgery for these indications, SRS is an outpatient procedure delivered in 1 to 5 brief treatments. Compared to open surgery however, the SRS procedure has proven to provide equivalent to superior outcomes, yet requires no surgical incision, no pain, and typically requires little to no patient recovery period.
Each year, more than five million patients globally could benefit from stereotactic radiosurgery. However, due to the cost and complexity of legacy technologies, only approximately 200,000 patients receive optimal SRS care. With availability concentrated primarily among only the largest urban academic hospitals, world-class radiosurgery has historically remained out of reach for an estimated 96% of patients who might benefit.
“We founded ZAP Surgical to address a clear need: enabling more patients to access state-of-the-art radiosurgery without the prohibitive costs and infrastructure requirements that limit so many providers,” said John R. Adler, MD, Professor Emeritus of Neurosurgery at Stanford University and Founder and CEO of ZAP Surgical Systems. “This partnership with Baheal Medical perfectly aligns with our mission, providing ZAP-X with a powerful platform to reach millions of underserved patients globally.”
Mr. Fu Gang, Chairman and President of Baheal Medical, commented, “We are thrilled to partner with ZAP Surgical in expanding access to cutting-edge radiosurgery technology. ZAP-X’s innovative approach aligns with our commitment to delivering advanced healthcare solutions that address pressing clinical needs. Together, we are poised to promote how brain tumors and other intracranial diseases are treated, providing more precise alternatives that greatly enhance patients’ quality of life.”
The ZAP-X system features an innovative design with unique gyroscopic movement, enabling radiosurgical beams to be directed from thousands of potential angles for precise tumor targeting. This pioneering approach prioritizes the protection of healthy brain tissue and aims to preserve patient cognitive function. Additionally, the vault-free and cobalt-free design of ZAP-X eliminates the need for costly shielded treatment rooms and removes the traditional requirement to manage, secure, and replace radioactive isotopes for radiation beam production.
About ZAP Surgical Systems, Inc.
ZAP Surgical Systems, Inc. designs and manufactures the ZAP-X® Gyroscopic Radiosurgery® platform, the industry’s first dedicated, non-invasive cranial radiosurgery solution to incorporate advanced gyroscopic technology. Founded with the goal of making state-of-the-art radiosurgery more accessible, ZAP Surgical aims to enable healthcare providers to deliver high-quality treatment without the high costs and infrastructural burdens associated with traditional systems. For more information, visit www.zapsurgical.com.
About Qingdao Baheal Medical Inc
Qingdao Baheal Medical Inc. is a leading healthcare company in China, dedicated to introducing innovative and accessible healthcare solutions to the market. With a deep commitment to advancing medical technology, Baheal Medical focuses on delivering cutting-edge products that meet the evolving needs of patients and providers.
ZAP-X Gyroscopic Radiosurgery platform at Hacettepe University Hospital in Ankara, Turkey. (Photo: Business Wire)
Israeli defense minister Yoav Gallant officially stepped down Friday in a ceremony that replaced him with Israel Katz, the former foreign minister, after Prime Minister Benjamin Netanyahu fired Gallant earlier this week.
Israel has been rocked by Gallant’s dismissal, with the news setting off mass protests across the country. Many in Israel view Gallant as the sole moderate voice in a far-right government, and see his removal as a sign that the far-right government of Benjamin Netanyahu has lost interest in returning hostages still held in Gaza.
Israel Katz, his replacement, currently serves as foreign minister and is a longtime Netanyahu loyalist and veteran Cabinet minister.
Also Friday, the Israeli military body handling aid to Gaza, COGAT, said it is preparing to open a new aid crossing into Gaza as the deadline for a U.S. deadline to increase desperately-needed aid into the war-ravaged territory approaches. But the body did not say when the crossing will open nor if aid will be delivered to north of Gaza, where the UN and aid groups say the humanitarian situation is most dire.
The United Nations humanitarian office says Israel's monthlong offensive in northern Gaza is preventing the estimated 75,000 to 95,000 Palestinians in the north from receiving essential items for their survival.
On Thursday, the Israeli military says it will allow 300 truckloads of humanitarian aid supplied by the United Arab Emirates to enter the Gaza Strip in the coming days. That’s less than the 350 trucks per day that the United States said it wants to see enter the war-ravaged territory.
The Israel-Hamas war began after militants stormed into Israel on Oct. 7, 2023, killing some 1,200 people — mostly civilians — and abducting 250 others. Israel’s military response in Gaza has killed more than 43,000 people, Palestinian health officials say. They do not distinguish between civilians and combatants, but say more than half of those killed were women and children.
Hezbollah began firing into Israel on Oct. 8, 2023, in solidarity with Hamas in the Gaza Strip. Since the conflict erupted, more than 3,100 people have been killed and some 13,800 wounded in Lebanon, the health ministry reported.
Here’s the latest:
JERUSALEM — Israeli Prime Minister Benjamin Netanyahu said Friday he was appointing Yechiel Leiter as Israel’s new ambassador to the U.S.
U.S.-born Leiter will replace ambassador Michael Herzog, according to a statement from Netanyahu’s office.
Leiter has been a close aide to Netanyahu and was formerly the deputy director general of Israel’s education ministry and chief of staff to the minister of finance. His son was killed while fighting in Gaza in November.
Netanyahu said Leiter was a “highly talented diplomat, an eloquent speaker,” with a “deep understanding of American culture and politics.” Leiter has been a senior fellow at the Kohelet Policy Forum, a conservative Jerusalem think tank.
Leiter lives in the settlement of Eli in the Israeli-occupied West Bank.
JERUSALEM — Israel says it is preparing to open a new aid crossing into Gaza as the deadline for a U.S. deadline to increase desperately-needed aid into the war-ravaged territory approaches.
The Israeli military body handling aid to Gaza, COGAT, said it has built inspection facilities and paved roads around the Kissufim crossing, located near the center of the Gaza. It says food, aid, and fuel will soon be able to be delivered through the crossing, but did not say when it will open nor if aid will be delivered to north of Gaza, where the UN and aid groups say the humanitarian situation is most dire.
Since Israeli forces unleashed a fierce offensive on north Gaza in early October, no aid has made it to the northernmost reaches of the territory, where the UN says roughly 70,000 Palestinians still remain.
The opening of the crossing likely reflects an Israeli desire to ramp up aid ahead of a US-imposed deadline. In an Oct. 13 letter sent to Israeli officials, US officials said Israel had 30 days to increase the daily number of aid trucks entering the Gaza Strip to 350 or risk the US reconsidering arms shipments to Israel -- which have been key to Israel’s war against Hamas militants in Gaza.
Israel has so far fallen far short of this benchmark, with COGAT figures showing an average of 57 trucks a day entering Gaza. In the first seven days of November, the average has been 81.
JERUSALEM — Israeli defense minister Yoav Gallant officially stepped down Friday in a ceremony that replaced him with Israel Katz, the former Foreign Minister, after Prime Minister Benjamin Netanyahu dismissed Gallant earlier this week.
Israel has been rocked by Gallant’s firing, with the news setting off mass protests across the country. Many in Israel view Gallant as the sole moderate voice in a far-right government, and see his dismissal as a sign that the far-right government of Benjamin Netanyahu has lost interest in returning hostages still held in Gaza by Hamas militants.
Gallant thanked the military and warned that the war’s “mission is not yet complete; we must meet our moral and traditional obligation, and the war’s objective is to bring home the remaining 101 hostages who haven’t yet seen their families and homes.”
Israel Katz, his replacement, currently serves as foreign minister and is a longtime Netanyahu loyalist and veteran Cabinet minister. Katz thanked Gallant and said the war’s objectives were to “stop Iranian aggression and deny its capabilities, continue dismantling Hamas as a governing and military force, and defeat Hezbollah.” He added that returning the hostages was a top “moral priority.”
“Yoav, we were friends and will remain friends because we believe in the same things that will secure Israel’s security and future, the Jewish state,” he said. “I promise that the entire State of Israel will emerge from this war and from the pain to much higher places.”
ANKARA, Turkey - Turkish President Recep Tayyip Erdogan says he hopes US President-Elect Donald Trump will fulfil promises to end the conflict in the Middle East and tell Israel to “stop” its aggression.
Speaking to a group of journalists on a return flight from Hungary, Erdogan also said that cutting off U.S. arms support to Israel “would be a good start” toward ending the conflict in Lebanon and the Palestinian territories.
“We want that promise to be fulfilled and for Israel to be told to ‘stop,’” Hurriyet newspaper and other media quoted Erdogan as saying on Friday.
Turkey has become one of Israel’s most vocal critics, accusing the country of committing genocide in Gaza and strongly criticizing Western nations for backing Israel.
For more Middle East news: https://apnews.com/hub/middle-east
People protest against Prime Minister Benjamin Netanyahu a day after he dismissed his defence minister Yoav Gallant, near the Knesset, Israel's parliament in Jerusalem, Wednesday, Nov. 6, 2024. (AP Photo/Ohad Zwigenberg)
Smoke and fire rise from Israeli airstrikes in Dahiyeh, Beirut, Lebanon, Lebanon, Thursday, Nov. 7, 2024. (AP Photo/Hassan Ammar)
In this handout photo, Lebanese army soldiers stand guard next to a damaged bus of the Malaysian U.N. peacekeepers at the site of an Israeli strike hit a car, in the southern port city of Sidon, Lebanon, Thursday, Nov. 7, 2024. (AP Photo)
In this handout photo, civil defense workers and paramedics stand next to a charred car in an Israeli airstrike at the entrance of the southern port city of Sidon, Lebanon, Thursday, Nov. 7, 2024. (AP Photo)
A woman mourns during the funeral procession of people who were killed in an Israeli airstrike on Tuesday night, in Tyre, southern Lebanon, Thursday, Nov. 7, 2024. (AP Photo/Mohammed Zaatari)
Smoke rises from buildings hit in Israeli airstrikes in Tyre, southern Lebanon, Thursday, Nov. 7, 2024. (AP Photo/Mohammed Zaatari)
