Date: 2014-11-30
Type of information: Collaboration agreement
Compound: image-guided minimally invasive therapies
Company: Philips (The Netherlands) Image Stream Medical (USA - MA)
Therapeutic area: Technology - Services
Type agreement: collaboration
Action mechanism:
Disease:
Details: * On November 30, 2014, Royal Philips announced that it has signed an agreement with Image Stream Medical (ISM) that allows Philips to further expand its integration solutions for its hybrid suite and interventional lab solutions with integrated video and live streaming capabilities.The trend towards image-guided minimally invasive therapies continues to grow, requiring integrated solutions that enable physicians to optimally perform their procedures. ISM is a leading provider of advanced solutions for the control, routing, capturing and management of data and images utilized in various procedural environments, including hybrid suites and interventional labs. Through this partnership, Philips will be able to offer complete integration solutions and associated consultancy services, complementing its offering of live-image guided solutions, clinical informatics and services. The combined Philips and ISM offering will be available in the US from January 2015 onwards. For the past 15 years, ISM’s platform, including audio/video integration, informatics integration, recording, streaming and conferencing solutions, has enabled more effective collaborative environments for conducting minimally invasive surgical procedures. EasySuiteTM, ISM’s latest integrated solution is designed to enhance operating room, hybrid suite and interventional lab flexibility, staff satisfaction, patient safety and enables secure and easy sharing and archiving of data inside and outside the lab – including data for the Electronic Medical Record (EMR).
Financial terms: As part of the agreement, Philips has acquired a minority stake in ISM. Financial terms of the agreement were not disclosed.
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