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Guided Therapeutics acquires marketing rights to cancer detection product

Guided Therapeutics has acquired world-wide rights to develop a non-invasive esophageal cancer detection product from Konica Minolta. The product will be based on Guided Therapeutics’ patented biophotonic technology platform. Guided Therapeutics acquired both the rights it had licensed to Konica Minolta, and the rights to certain intellectual property invented by Konica Minolta. Upon FDA approval, Konica Minolta would receive a royalty for its licensed intellectual property, if used in the final product. Guided Therapeutics will now have full worldwide sales and marketing rights, as opposed to a royalty only.