April 24, 2014, 7:06 a.m. ET
NOVADAQ Announces Definitive Agreement to Acquire Aimago SA
"TORONTO, ONTARIO--(Marketwired - Apr 24, 2014) - Novadaq(R) Technologies. the leading developer and provider of clinically relevant imaging solutions for use in surgical and diagnostic procedures, announced today that it has entered into a definitive agreement to acquire all outstanding shares of Aïmago SA. Aïmago is a privately held medical imaging company, founded in 2008 as a spin off from Ecole Polytechnique Fédérale de Lausanne ("EPFL"), a Switzerland based academic and research institution.
Aïmago's lead product, the EasyLDI Perfusion Camera, incorporates patented, high-speed, full field laser Doppler technology. The design of the device is tablet inspired, and is capable of "point-and-shoot" perfusion imaging at the surface of the skin, without the need to administer any imaging agent to patients".
Sorry that Yahoo doesn't allow links.
This broke only a few minutes ago. Nvdq spending 10 million in cash and stock, with another 2.4 million later on. I believe this is a tremendous acquisition, and will jump start sales, especially in Europe, where this technology is already CE approved. It's also already cleared by our FDA!
Suggest google this for the full report. Arun is a genius! (imo).