Danvers, MA-based Photo Diagnostic Systems, a new medical imaging startup, has raised $5 million in equity funding, according to a regulatory filing. The news was first reported by Mass High Tech. The MHT article reports that Bernard Gordon, a founder of Analogic (NASDAQ: [[ticker:ALOG]]) and NeuroLogica, bought the assets of Photo Detection Systems (now defunct) and invested in the new company through the Gordon Charitable Remainder Trust. Photo Diagnostic Systems, which has a staff of about 15 people, is developing a portable PET (positron emission tomography) scanner, according to the report.
Author: Gregory T. Huang
Greg is a veteran journalist who has covered a wide range of science, technology, and business. As former editor in chief, he overaw daily news, features, and events across Xconomy's national network. Before joining Xconomy, he was a features editor at New Scientist magazine, where he edited and wrote articles on physics, technology, and neuroscience. Previously he was senior writer at Technology Review, where he reported on emerging technologies, R&D, and advances in computing, robotics, and applied physics. His writing has also appeared in Wired, Nature, and The Atlantic Monthly’s website. He was named a New York Times professional fellow in 2003.
Greg is the co-author of Guanxi (Simon & Schuster, 2006), about Microsoft in China and the global competition for talent and technology. Before becoming a journalist, he did research at MIT’s Artificial Intelligence Lab. He has published 20 papers in scientific journals and conferences and spoken on innovation at Adobe, Amazon, eBay, Google, HP, Microsoft, Yahoo, and other organizations. He has a Master’s and Ph.D. in electrical engineering and computer science from MIT, and a B.S. in electrical engineering from the University of Illinois, Urbana-Champaign.
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