Molli Surgical
Medical Devices
Toronto, Canada

Overall Rank: 72
Category: Medical Devices
Category Rank: 12

Awards:

  • Top HealthTech Company of 2023

Profile

MOLLI Surgical started with one patient’s voice — a patient who asked if there was a way to make her breast cancer journey better. Her voice led to the creation of MOLLI Surgical’s flagship wire and radiation-free technology, MOLLI® and its successor, MOLLI 2®. MOLLI Surgical’s precision system is intended to replace outdated procedures to mark lesions for surgical removal with greater precision, efficiency, and cost-effectiveness. MOLLI Surgical’s innovations ensure that surgeons and radiologists have the best possible tools in their hands to support a better patient experience. 


MOLLI® has been recognized by TIME as one of 2022’s “Best Inventions” in the Medical Care category and named to Fast Company’s list of the “Next Big Things in Tech,” recognizing technology breakthroughs across industries that promise to transform the future. MOLLI Surgical is proud to build the advanced solutions that patients and physicians prefer.


Become a Premium Subscriber

Please purchase a premium subscription to continue reading this report.

Subscribe Now

Key Products

MOLLI 2 is an evolution in MOLLI Surgical’s award-winning lesion localization platform technology. Now more precise than ever, we have incorporated NEW directional feedback into our Tablet and Wand, making it even more simple and intuitive.


MOLLI® Re-Markable


This solution underlines the company’s holistic approach to surgical innovation. This product addresses the critical need for accurate marking and re-marking during surgical procedures. Offering a solution that minimizes disruption and optimizes surgical accuracy, It stands as a testament to Molli Surgical’s unwavering commitment to providing comprehensive solutions that cater to the evolving needs of healthcare professionals.


Customer Insights


  • MOLLI Surgical’s groundbreaking product for breast cancer surgery, MOLLI 2®, launched in April 2023, is an evolution of their award winning platform technology. It uses wire-free technology to precisely locate cancerous tissue, and it improves the surgical experience for both the patient and the physician.

  • At the system’s core is the MOLLI Marker®, the world’s smallest marker at 3.2 mm, which accurately marks lesions before surgery. Surgeons can easily detect the marker using the MOLLI Wand®, and the MOLLI Tablet® displays the distance and direction of the marker in millimeters. This precise measurement lets surgeons pinpoint cancerous tissue with greater accuracy.

  • MOLLI 2 simplifies the surgery process, enhances patient experience, and delivers increased efficiencies with better outcomes. The user friendly technology measures reliably and precisely , which creates confidence in physicians while also delivering exceptional results for breast cancer patients.


Statistics


  • Founded: 2018

  • Serving over 8,000 patients in over 100 hospitals


Molli Surgical's Video

To know more about Molli Surgical, watch here.


Key Executives

Ananth Ravi, President and Co-Founder


Since Molli’s founding in 2018, Ravi has spearheaded the company’s mission to improve precision surgery through targeted innovation. Ananth’s unique accolade as the only medical physicist to win the Human Touch Award attests to his dedication to elevating patient care. Prior to founding Molli Surgical, Ravi’s leadership at the Sunnybrook Odette Cancer Center elevated the brachytherapy program to global recognition. His doctoral studies at the University of Toronto and faculty appointments underscore his expertise in medical physics. 


John Dillon, Chief Technology Officer and Co-Founder


Drawing from over a decade of experience in medical technology, Dillon’s innovation journey began while working at Sunnybrook Health Sciences Centre before joining Molli in 2018. His dedication to enhancing the localization experience for breast cancer patients led to the co-invention of the MOLLI device. A graduate of Ryerson University with a B.Sc. in medical physics, his expertise extends beyond medical devices. His passion for innovation and leadership is evident in his involvement in designing, manufacturing, and racing sailboats and Formula One cars. 


Organizational Insights

MOLLI Surgical is led by Ananth Ravi, co-inventor and CEO, who co-founded the company when he was working as a Medical Physicist at Sunnybrook Health Sciences Centre.


MOLLI® has been recognized by TIME as one of 2022’s “Best Inventions” in the Medical Care category and named to Fast Company’s list of the “Next Big Things in Tech,” recognizing technology breakthroughs across industries that promise to transform the future. MOLLI Surgical is proud to build the advanced solutions that patients and physicians prefer.


Board Members

James Temerty, Chairman


James C. Temerty C.M. is a successful entrepreneur and founder of Northland Power Inc. Before establishing Northland Power in 1987, he had a successful career in computer-related companies, building the world’s largest chain of Computerland franchises and guiding Softchoice Corporation to its position as a leading North American provider of software and hardware products.


Mr. Temerty’s entrepreneurial career has been recognized by the community in various ways, the most distinguished of which was being awarded the Ernst & Young Entrepreneur of the Year Award for Canada in 2010.


Key Milestones


  • MOLLI Surgical is founded in 2018

  • MOLLI Surgical is Health Canada licensed, becoming the first wire-free localization technology for breast cancer surgery in May of 2021

  • MOLLI™ Adopted for Use by Sunnybrook Hospital, Replaces Radioactive Seed Localisation in August 2021

  • MOLLI Surgical Launches H.O.P.E. Program, Providing Critical Resources and Educational Tools for Breast Cancer Patients and Their Caregivers in April of 2022

  • MOLLI Surgical’s Breast Cancer Technology Named in TIME’s 2022 Best Inventions in November of 2022

  • MOLLI Surgical Named to Fast Company’s Second Annual List of the Next Big Things in Tech in November of 2022

  • MOLLI Surgical Launches Breakthrough Products, MOLLI 2 and re.markable to Simplify Breast Cancer Surgery and Deliver a Better Patient Experience in April of 2023

  • MOLLI Surgical Honoured as a Top Workplace in Health Care for 2023 in June of 2023


News and Press Releases


  • MOLLI Surgical Awarded INOVAIT Research Funding Through Pilot Fund Awards

  • MOLLI Surgical Honoured as a Top Workplace in Health Care for 2023

  • MOLLI Surgical Launches Breakthrough Products to Simplify Breast Cancer Surgery and Deliver a Better Patient Experience ■ UMC Health System Adopts MOLLI Technology to Provide Highest Level of Care for Breast Cancer Patients

  • A Game Changer for Breast Cancer Surgery: Henry Community Health Adopts MOLLI Surgical Technology to Improve the

    Patient Experience


Competitors

Merit Oncology (SAVI Scout)


The SCOUT system has been clinically demonstrated to drive value and improve patient outcomes. SCOUT is proven to improve radiology workflow and significantly reduce OR delays. Using SCOUT, surgeons can precisely target the affected tissue to pinpoint its location within 1mm, which can mean more successful surgeries, optimized breast conservation strategies, and enhanced outcomes for women.


Endomag (Magseed)


The original Magseed® is known worldwide as a simple and effective alternative to wire localisation. So far, it’s been used in over 250,000 localisations — and counting.


Corporate Responsibility

Molli Surgical’s dedication to making a positive impact transcends its technological innovations, reflecting a deep commitment to corporate responsibility. The company’s “HOPE” initiative stands as a testament to this commitment, embodying its ethos of giving back and fostering meaningful change in the healthcare community.


The “HOPE” initiative encompasses a multifaceted approach to corporate responsibility. With a focus on contributing to society beyond its core business, the initiative encompasses partnerships, community engagement, and support for patients. Through this, the company demonstrates its belief in the potential for businesses to drive positive change beyond financial success.


By collaborating with like-minded organizations and individuals such as Jennifer Douglas, an author and cancer survivor, and Breast Advocate®, a free breast cancer surgery app, the firm amplifies its impact on societal and healthcare challenges. These partnerships underscore the company’s commitment to creating a network of change-makers united by a shared vision of enhancing patient care and well-being.


Additionally, Molli’s “HOPE Wall” serves as a visual representation of its dedication to making a difference. This platform celebrates the partnerships, initiatives, and individuals that contribute to the company’s broader social responsibility efforts. Through the “wall, it recognizes and acknowledges the collective power of its community to drive positive change.


Last but not least, the company’s commitment to corporate responsibility extends to patients through its “Localization Toolkit for Patients.” This resource empowers patients with information about Molli’s innovative localization technology, ensuring they are informed and engaged participants in their healthcare journeys. Moreover, this toolkit further educates and informs patients about breast cancer and its early detection and care. By providing educational tools, Molli Surgical reinforces its commitment to patient-centered care and informed decision-making.