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Mevion Raises $150 Million from China Investors for Proton Therapy Machines

00:57 EDT 15 Jun 2018 | ChinaBio Today

Mevion Medical Systems, a Boston area maker of proton therapy machines, closed a $150 million financing led by YuanMing Capital with participation by other China-based private equity investors. Mevion said the financing provides the company with growth capital, clears existing debt and "optimizes" the shareholder structure. The company believes its proton systems offer a smaller footprint, lower operating costs and improved clinical performance for cancer care. More details....

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