Caldera founder Jim Watson loses cancer battle

Jim Watson, whose personal battle with prostate cancer led him to co-found Caldera Health, has succumbed to the disease but investors are showing confidence in the company’s gene testing technology by converting options into shares.

Watson, who had been a scientific and management adviser up until the end of 2016, died on Feb. 13, Caldera’s chief executive Rob Mitchell has confirmed. Watson co-founded the company with Richard Foster, who had also been diagnosed with metastatic prostate cancer and died in January 2014.

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Powerhouse makes first investment post-ASX listing

Christchurch-based Powerhouse Ventures has already made its first investment since listing on the ASX last week – taking a stake in a cancer diagnostic system.

It invested A$500,000 (NZ$514,880) in Ferronova’s system developed by Victoria University of Wellington and the University of South Australia.

Magnetic probes allow surgeons to more accurately assess the spread of cancer throughout the body.

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