GT Medical Technologies Named as “Fierce 15” Company of 2019 by FierceMedTech
Company Recognized as One of the Most Promising MedTech Companies for Surgically Targeted Radiation Therapy Treating Patients With Brain Tumors
TEMPE, Ariz. — March 9, 2020 — GT Medical Technologies, Inc., a company dedicated to improving the lives of patients with brain tumors, today announced that it has been named one of FierceMedTech’s 2019 Fierce 15, designating it as one of the most promising private MedTech companies in the industry.
GT Medical Technologies was founded in 2017 by a group of brain tumor specialists with a purpose of improving the lives of patients with brain tumors. The company’s goal is to elevate the standard of care for patients with brain tumors. GammaTile® is an FDA-cleared, Surgically Targeted Radiation Therapy (STaRT) for patients with newly diagnosed malignant and recurrent intracranial neoplasms (brain tumors). GammaTile came to market in 2019 and is currently available at top brain tumor treatment centers in the United States.
“We are honored to be recognized by FierceMedTech and the medical technology community for our unwavering commitment to improving the lives of patients with brain tumors,” said Matthew Likens, president and CEO of GT Medical Technologies. “The burden of living with a brain tumor is significant and outcomes have improved little over the past 30 years for these patients. GammaTile Therapy is deployed during the last five minutes of a brain tumor resection procedure. It has been shown in clinical studies to significantly extend the time to tumor progression while removing the burden of radiation treatments from patients and their caregivers.”
“One of the true joys of covering this field is being able to talk with the people driving the next great medical advancements—technologies that may not just change a patient or parent’s life, but also the day-to-day work of clinicians, surgeons, researchers and developers themselves,” said Conor Hale, associate editor of FierceMedTech. “Potential breakthroughs such as these can ripple into new therapies, procedures and interventions, and ultimately more ways to heal more people.”
GammaTile received FDA 510(k) regulatory clearance for the treatment of all types of recurrent brain tumors in July 2018. In January 2020, the FDA expanded GammaTile’s indication, allowing patients with newly diagnosed malignant brain tumors to receive the therapy. GammaTile Therapy is available to patients at more than a dozen leading health centers across the U.S. and is covered by Medicare and most private insurers.
The Fierce 15 celebrates the spirit of being “fierce”—championing innovation and creativity, even in the face of intense competition. Every year FierceMedTech evaluates hundreds of private companies from around the world for its annual Fierce 15 list, which is based on a variety of factors such as the strength of its technology, partnerships, venture backers and competitive market position. This is FierceMedTech’s 8th annual Fierce 15 selection. This year’s full list can be viewed at: https://www.fiercebiotech.com/special-report/fiercemedtech-s-2019-fierce-15
About GT Medical Technologies, Inc.
Driven to overcome the limitations of current treatments for brain tumors and raise the standard of care, a team of brain tumor specialists joined forces and formed GT Medical Technologies with a purpose to prevent disease progression and improve quality of life for patients with brain tumors. GammaTile Therapy received FDA 510(k) regulatory clearance for the treatment of all types of recurrent brain tumors in July 2018 and has an established CMS code for Medicare reimbursement. Extensive clinical expertise informed the design of GammaTile Therapy, and deep medical device experience guides the company. The company is headquartered in Tempe, Arizona. For more information, visit https://www.gtmedtech.com/ and follow @GTMedTech on Twitter and on LinkedIn.
About GammaTile Therapy
GammaTile Therapy is an FDA-cleared, Surgically Targeted Radiation Therapy (STaRT) that is designed to delay tumor regrowth for patients with brain tumors. Roughly the size of a postage stamp, GammaTile Therapy features a bioresorbable, conformable, 3D-collagen tile and uniform radiation source, Cesium-131, provided by Isoray, Inc. (NYSE: ISR). GammaTile Therapy is placed at the end of tumor removal surgery to immediately target residual tumor cells while limiting the impact of radiation on healthy brain tissue.
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