Arizona Bioscience News: GT Medical Technologies raises $45M; Tucson economic expansion; Startups join MedTech accelerator

March 30, 2023

By Jessica Vaile

Tempe medical device firm raises $45M to expand technology to treat brain tumors / Phoenix Business Journal (AZ Inno)

Tempe-based GT Medical Technologies Inc. raised $45 million that will be used to expand the company’s commercialization of its GammaTile Therapy, a targeted radiation therapy with U.S. Food and Drug Administration clearance for patients with operable brain tumors.

Medical diagnostics company CND Life Sciences expands to new Scottsdale HQ / Phoenix Business Journal (AZ Inno)

CND Life Sciences, which develops medical diagnostics for neurodegenerative diseases, is moving its global headquarters to a larger space in Scottsdale to help the company keep up with a rising demand for testing and research.

Amid challenges, Tucson economy sees expansion, new arrivals / Arizona Daily Star

The Tucson-area economy seems to be picking up where it left off with strong growth before the pandemic, including major expansions and new arrivals in the prized manufacturing sector which aligns with local leaders’ vision of Tucson transforming itself into a technology-based economy.

Valley startups selected for MedTech accelerator program / Phoenix Business Journal (AZ Inno)

Anuncia Medical Inc., Navi Nurses and TruLite Health—three Valley-based medical device and health care technology startups—will gain knowledge and resources to bring their products to market as part of the newest cohort for the Mayo Clinic and ASU MedTech accelerator program.

ASU is building a ‘revolutionary’ X-ray that can glimpse atomic structures / Arizona Republic

With a $90.8 million grant from the National Science Foundation, Arizona State University will construct a compact X-ray free electron laser—a tool that will allow researchers to glimpse atomic structures just a fraction of the width of a human hair that may hopefully lead to novel drugs and important discoveries of basic science.

First full-service hospital planned in Surprise / Arizona Republic

Dignity Health is proposing to develop a 40-acre campus in Surprise that will include a hospital with up to 300 beds and a level 1 trauma center along with diagnostic and imaging services, surgery, outpatient services, and other medical office buildings.

Banner Gateway expansion brings more than 600 jobs to Gilbert / AZ Big Media

Banner Gateway Medical Center in Gilbert opens its new 351,000-square-foot addition including a five-story patient tower—a $243-million project doubling the size of the hospital.

Upcoming events/
April 2-5: Mayo Clinic Symposium on Regenerative Medicine & Surgery 2023
April 6: Venture Café Hackathon and Pitch Competition
April 12-13: 
Venture Madness Conference & Expo 2023
April 19: 
The Latest Progress of the Biosciences in Arizona