U.S. Markets open in 1 hr 33 mins

Novadaq Technologies terminates agreements with KCI

Novadaq Technologies announced that Novadaq and Kinetic Concepts, or KCI, have terminated agreements that were signed in November 2011 related to the development, sales and marketing of the Luna fluorescence imaging system which is used in wound care clinics. The termination is considered amicable - primarily relating to changing priorities - and neither company is required to compensate the other as a result of the change. All agreements with LifeCell, including those signed in November 2011 related to vascular surgery applications of SPY Elite, remain active.