Spago Nanomedical is a Swedish biotechnology company developing nanomaterials for cancer diagnostics and treatment. The company´s two main projects, SpagoPix and Tumorad, are both based on the same proprietary nanomaterial. SpagoPix is a gadolinium-free contrast agent for magnetic resonance imaging (MRI) with exceptionally high signal strength. By selectively accumulating in tumor tissue via passive tumor targeting, SpagoPix meets a well recognized need for significantly improved soft tissue tumor imaging. Tumorad is a nanoprticle loaded with radionuclides being developed to target soft tissue tumors for radiopharmaceutical treatment. The design of Tumorad enables it to selectively accumulate in tumor tissue and there deliver a controlled radiation dose.