November 2010
Therapeutic Discovery grant
OptoSonics received a $244K grant from the IRS and the Department of Health and Human Services. The grant is part of the Qualifying Therapeutic Discovery Project program, which allocated $1 billion for tax credits or grants to small firms that show significant potential to produce novel therapeutic approaches that also support job growth and increase U.S. competitiveness. OptoSonics' grant is for "Photoacoustic Imaging and Breast Cancer Therapy," combining an imaging system and ultrasonic therapy approach for simultaneous detection and treatment of breast tumors.
August 2010
Patent award
OptoSonics was issued Patent No. 7,774,042 B2 for "Hybrid Photoacoustic and Ultrasound Technology."
July 2009
National Cancer Institute SBIR grant
OptoSonics is pleased to announce that it is one of the first recipients of the National Cancer Institute's new Small Business Innovation Research (SBIR) grants. This program, available only to companies that have already received SBIR grants from the National Institutes of Health, awards $3M ($1M per year for 3 years) to recipients who raise matching funds from the private sector and continue to meet definitive project milestones. The grants are designed to fill the funding gap after Phase II SBIR awards to help advance products or services toward commercialization.
September 2008
One NC Small Business Program awardee
September 2008
New headquarters facility
OptoSonics has opened their brand new headquarters and R&D facility in Oriental, NC.
August 2008
Business partnership agreement
An agreement has been reached between OptoSonics, Inc. and Endra, Inc. to license part of OptoSonics' intellectual property portfolio. OptoSonics will provide technology-transfer expertise to facilitate design and construction of commercial photoacoustic scanners.
