Company overview
CAPS Medical is developing PlasmaSure, a non-thermal atmospheric plasma system intended to deliver energy through standard minimally invasive instruments. Its initial human development focus is non-muscle-invasive bladder cancer, with additional solid-tumor applications described as preclinical programs.
The company reports completing first-in-human research and receiving FDA Breakthrough Device designation for low- to intermediate-risk bladder cancer in October 2025. Its website continues to identify the technology as investigational and not cleared for marketing; designation does not establish commercial availability.
The technology originated from work involving the Technion and Rambam Health Care Campus and was developed within MEDX Xelerator. A US$3.5 million Series A was announced in 2020. Current clinical evidence, further trial plans and eventual market access require separate evaluation.
[1][2][4][6][15][24]
Activity & Milestones
5 events2025-10-31 ยท Clinical evidenceLocal-anesthesia case report published
A Journal of Surgical Case Reports publication describes one bladder-tumor treatment under local anesthesia. The single case supports further investigation, not a finding that routine office treatment is established. [9]
2025-10-15 ยท Regulatory developmentBreakthrough Device designation announced
CAPS reported FDA designation for PlasmaSure in low- to intermediate-risk NMIBC. The announcement describes pivotal-study and U.S. expansion plans; designation is not clearance, approval or guaranteed reimbursement. [2][3]
2025 ยท Clinical evidenceFirst-in-human study published
The 2025 JU Open Plus paper reports a prospective multicenter open-label study involving 30 patients, 67 tumors and 36 procedures. Reported complete response was 83% of patients and 84% of tumors, with no device-related adverse events reported. The small, uncontrolled study does not establish comparative effectiveness or rule out uncommon harms. [7][8]
2020-07-29 ยท FundingUS$3.5M Series A announced
Round led by Chasing Value Asset Management and Israel Investment Fund Group, with other participants identified by MEDX. The announced amount supported clinical development; it is not current revenue or a verified lifetime funding total. [4][24]
2018-10-22 ยท CompanyTechnology recognized at ITTN pitch competition
MEDX reported that CAPS Medical, formerly Plasmed, won first place in the life-sciences pitch track; co-founder Jacob Cohen presented its plasma-based cancer-ablation technology. [5]