Zynext Ventures USA LLC (Zynext Ventures), the Venture Capital (VC) arm of Zydus Lifesciences, dedicated to fostering disruptive healthcare innovations, announced its investment in Promaxo Inc. (Promaxo), a US-based developer of portable low-field MRI systems and minimally invasive robotics.

Promaxo's innovative technology aims to revolutionize patient care by enabling point-of-care imaging and intervention. Their portable low-field MRI systems enable early diagnosis and treatment in a wider range of healthcare settings. The portable Promaxo MRI system is the first in the USA to receive an FDA 510(k) clearance for prostate biopsy and treatment. Unlike traditional MRI, the Promaxo MRI is open and compact with a limited fringe field and can be placed in a clinic or operating room. The system is also designed to be compatible with robotic procedures. The company is currently working to obtain FDA clearance for its own robot to further enhance precision and predictability in prostate interventions.

Speaking on the development, the Managing Director of Zydus Lifesciences Ltd., Dr. Sharvil Patel said, "This investment underscores Zydus' commitment to supporting innovations that address unmet medical needs. Promaxo's combination of accessible MRI technology and robotics for guided interventions has the potential to significantly improve patient outcomes and broaden access to vital point of care image-guided interventions for all. We are pleased to be an investment partner with Promaxo in this endeavor."

Dr. Amit Vohra, Founder and CEO of Promaxo, expressed his enthusiasm: "We are thrilled to partner with Zynext Ventures and leverage their extensive expertise in the healthcare sector. This investment will accelerate our mission to enhance quality of care and patients' lives through customer-centric technology. Zynext's support helps us bring our cutting-edge solutions to a broader market."

"We are delighted to announce our investment in Promaxo," said Jay Kothari, Director of Zynext Ventures. "Their innovative technology aligns perfectly with Zynext's mission of investing in disruptive new-age healthcare solutions that elevate patient outcomes."