A NEW spin-out company will receive funding support from international partners to commercialise a locally-developed medical device that helps in easier detection of cancers using magnetic tracers.

Ferronova has spun-out of research done at University of South Australia and will partner with New Zealand-based nanoparticle specialist Boutiq Science and major IP investor, Powerhouse Ventures to develop an ultrasensitive magnetometer probe, designed to be about the size of a ball-point pen.