What Lys Medical does

Lys Medical SA is a Belgian medical device company founded in 2018 as a spin-off from Université libre de Bruxelles, headquartered in Gosselies, Belgium. The company designs, develops, industrializes, and markets the Iriscope System, a CE-marked (received October 2021) miniaturized videoendoscopic probe platform for direct visualization of peripheral pulmonary nodules. The core technology is a reusable 1.3mm videoendoscopic probe (with 1.4mm max insertion diameter and radiopaque design) paired with a biopsy guide sheath compatible with 2.0mm operating channels and a processor unit (Iristar) that captures video and still images to USB; clinical studies report a 93% positive predictive value for cancer diagnosis and 100% PPV for diagnostic biopsy in cited peer-reviewed publications.

The company sells hardware (probes, guide sheaths, and processors) primarily to interventional pulmonologists and hospitals performing bronchoscopy. Go-to-market combines direct sales and website-driven demo bookings with a distribution partnership announced in February 2026 with FUJIFILM Healthcare Europe, which lists Iriscope within its PulmoSolutions portfolio with initial availability in France, Germany, Spain, and Italy and further European expansion planned during 2026. Lys Medical is privately held with no disclosed institutional venture capital; founding funding came from Walloon Region grants via DGO6 and Novallia, and the company continues to operate with a small multidisciplinary team (engineering, regulatory, sales/marketing, HR) led by co-founder/CEO Benjamin Mertens and CTO Loïc Blanc. No revenue, headcount, or pricing figures are publicly disclosed.

Name

Lys Medical

Legal name

Lys Medical SA

Website

https://lysmedical.com

Company type

Private

Founded year

2018

Operating status

Operating

Headcount range

1–10 employees

Short description

Lys Medical is a Belgian medical device company that develops and markets the Iriscope System, a miniaturized 1.3mm videoendoscopic probe enabling direct visualization of peripheral lung nodules. It sells the CE-marked device to interventional pulmonologists and hospitals across Europe via direct sales and a FUJIFILM distribution partnership.

Ownership category

akta.pro rank

Product category

Medical Endoscopy Equipment

SIC

Surgical & Medical Instruments & Apparatus (3841), Optical Instruments & Lenses (3827)

akta.pro primary industry

Endoscopy Systems & Accessories (Scopes, Cameras, Light Sources, Insufflation) (HLAHADAB)

akta.pro secondary industry

Bronchoscopy & Interventional Pulmonology (HLAKANAJ)

Keywords

• Peripheral lung diagnosis
• Bronchoscopy medical devices
• Endoscopic visualization systems
• Lung cancer diagnostics
• Interventional pulmonology equipment

Headquarters

HQ city

Gosselies

HQ country

Belgium

HQ region

Europe

Offices1 record

Markets served

GTM type

B2B

Offering type

Hardware or Manufacturing

Cost components

Personnel, Technology or R&D, Supply Chain, Operations, Marketing or Sales

Revenue model

1. Iriscope Medical Device Sales: Sale of medical devices including the Iriscope probe system, guide sheaths, and processor for peripheral lung cancer diagnosis

Go-to-market motion2 records

Distribution channels1 record

Marketing channels3 records

Core offering

Lys Medical designs, develops, and commercializes the Iriscope System, a CE-marked bronchoscopy platform comprising a reusable 1.3mm miniaturized videoendoscopic probe, a compatible biopsy guide sheath for 2.0mm operating channels, and the Iristar processor unit. The system enables pulmonologists to directly visualize and characterize peripheral pulmonary nodules in real time during bronchoscopy, providing a 93% positive predictive value for cancer diagnosis.

Product overview

Lys Medical is a medical device company specializing in endoscopic visualization products for respiratory diagnostics. The core offering is the Iriscope System, a comprehensive bronchoscopy solution that includes a reusable 1.3mm miniaturized videoendoscopic probe, a biopsy guide sheath compatible with 2.0mm operating channels, and the Iristar processor unit. The system enables pulmonologists to seek, characterize, and target peripheral pulmonary nodules through direct real-time visualization, providing a 93% positive predictive value for cancer diagnosis. Founded in 2018 as a spin-off from Université libre de Bruxelles, the company operates from Gosselies, Belgium.

Differentiator

Problem solved

Functional benefit

Brands

• Iriscope: The Iriscope is a miniaturized videoendoscopic probe (1.3mm) for direct vision of peripheral lung nodules, enabling improved peripheral lung cancer diagnosis. It is CE marked and has a 93% positive predictive value for cancer diagnosis.

Products and services

• Iriscope System Complete bronchoscopy system comprising a reusable 1.3mm videoendoscopic probe, a compatible biopsy guide sheath, and the Iristar processor unit. Designed for pulmonologists performing peripheral lung lesion diagnostics, providing direct visualization and biopsy guidance with a 93% positive predictive value for cancer diagnosis.
• Iriscope mini Probe A reusable 1.3mm miniaturized videoendoscopic probe with maximum insertion diameter of 1.4mm. Radiopaque design enables peripheral lung visualization beyond traditional bronchoscope reach, intended for pulmonologists performing peripheral lung cancer diagnostics.
• Iriscope mini Guide Sheath Compatible with 2.0mm operating channels and 1.4mm biopsy tools; includes valve and flushing port for guided access to peripheral pulmonary lesions during bronchoscopy procedures.
• Iriscope Processor (Iristar) User-friendly processing unit with easy setup and operation that records videos and pictures on USB stick, compatible with regular video connections, and available with a custom mobility solution. Designed for hospital pulmonology departments using the Iriscope platform.

Quantifiable outcome

• 93% positive predictive value for cancer diagnosis
• +5 more outcomes

Named customers5 records

Segments2 records

Ideal customer profiles2 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

AI capability3 records

Feature3 records

Partnerships

Two partnerships are on record, tiered core and minor.

• FUJIFILM Healthcare EuropecoreChannel Partner/ Reseller/ Distributor · 9 February 2026FUJIFILM Healthcare Europe has partnered with Lys Medical as a distribution partner for the Iriscope bronchoscopy device, expanding its PulmoSolutions portfolio across Europe. The products will be available initially in France, Germany, Spain, and Italy, with expansion planned to other European regions in 2026.
• Université libre de BruxellesminorStrategic or Co-development PartnerSpin-off origin - Lys Medical was founded in 2018 as a spin-off from Université libre de Bruxelles, providing initial research and development foundation

Scale indicators4 records

Recent moves7 records

Expansion highlights5 records

Market position

Competitive moat5 records

Key risks6 records

Key highlights7 records

Customer concentration

Compliance1 record

Revenue estimate

Valuation estimate

Number of profiles

Profiles4 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Lys Medical