Navigation Links
Volumetrics Medical Imaging, LLC and Medison Co., Ltd. Announce Technology License and Settlement of Patent Litigation
Date:6/25/2010

Volumetrics Medical Imaging, LLC, of Durham, NC, and Medison Co., Ltd., of Seoul, Korea, have entered into a technology license agreement enabling Medison to make and sell products employing Volumetrics’ patents that enable real-time 3-D medical ultrasound images, for instance, of fetuses and of the heart. Concurrently with entering into the technology license agreement, Volumetrics has dismissed Medison from its patent lawsuit pending in the federal district court for the Middle District of North Carolina. (CIVIL ACTION 1:05CV00955)

Durham, North Carolina, and Seoul, Korea (PRWEB) June 25, 2010 -- Volumetrics Medical Imaging, LLC, of Durham, NC, and Medison Co., Ltd., of Seoul, Korea, have entered into a technology license agreement enabling Medison to make and sell products employing Volumetrics’ patents that enable real-time 3-D medical ultrasound images, for instance, of fetuses and of the heart.

Medison is a privately-held company headquartered in Seoul, Korea, where it conducts its research and development and manufacturing for markets worldwide. Widely recognized as a technology and market leader, Medison makes ultrasound imaging equipment for the obstetrics and gynecology, cardiovascular and radiology fields.

Volumetrics invented the methods of using computers to create and display 3-D images of the body in real-time, a valuable tool for physicians and other medical professionals worldwide who use the technology, for example, to diagnose and treat illnesses including heart conditions, and for monitoring fetal development before birth.

Volumetrics was founded by Duke University professors and researchers in order to commercialize inventions made in Duke University research laboratories. Professors Olaf von Ramm, Ph.D., Stephen W. Smith, Ph.D, and researcher John Oxaal, started the company in order to produce the first-ever working “real-time” medical ultrasound machine. That goal was achieved in the late 1990’s when the Volumetrics ultrasound device first enabled doctors to see images of a beating heart displayed on a computer screen. In 2000 Time Magazine named the Volumetrics real-time ultrasound imaging system Invention of the Year.

“We are excited and optimistic as we enter into this collaboration with Volumetrics. Our medical ultrasound products are already well received, and we are confident that our new technology license with Volumetrics will further help us address the needs of patients, families and doctors worldwide”, said Won Gihl Sohn, President and Chief Executive Officer of Medison.

“Duke University has encouraged and supported the development of the Volumetrics technology for over two decades. We are delighted to see that the Volumetrics technology will now be used by Medison,” said H. Gilbert Smith, Ph.D., Managing Director of the Duke University Office of Corporate Research Collaborations.

“Real-time 3D imaging has many clinical applications in the diagnosis, treatment and care of medical conditions, including cardiovascular imaging during diagnosis or surgery,” said Olaf von Ramm, Ph.D., Thomas Lord Professor of Biomedical Engineering and Professor of Medicine and Director of the Center for Emerging Cardiovascular Technology, a founder of Volumetrics and inventor of many of the Volumetrics patents.

“We look forward to further collaboration with Medison as it designs and sells medical products employing our Volumetrics technology that answer the medical needs of people worldwide”, said John Oxaal, Chairman of Volumetrics.

“Our work on the Volumetrics ultrasound technology dates to the 1980’s. It is rewarding that our patents will now be used by Medison to help create a new generation of medical ultrasound devices”, said Stephen W. Smith, Ph.D., Professor of Biomedical Engineering at Duke University, co-founder of Volumetrics and inventor of several of the Volumetrics patents.

“Real-time 3D medical ultrasound imaging is a wonderful tool for physicians and patients. Medison will be contributing significantly to the quality of medical care of patients worldwide by incorporating our Volumetrics technology into their devices”, said Bill New, M.D., Ph.D. and a member of the Board of Directors of Volumetrics.

Concurrently with entering into the technology license agreement, Volumetrics has dismissed Medison from its patent lawsuit pending in the federal district court for the Middle District of North Carolina. (CIVIL ACTION 1:05CV00955) Financial terms of the license were not disclosed.

Contact:
Volumetrics Medical Imaging, LLC.
Mark Foster, General Counsel and Secretary
4711 Hope Valley Rd Ste 4F No.148
Durham, NC 27707
408.993.8109

Medison Co., Ltd.
Jiyeon Lee, PR Manager/Market Strategy Team
Medison Bldg. 1003 Daechi-dong
Gangnam-gu, Seoul, Korea
+82 2 2194 1153

# # #

Read the full story at http://www.prweb.com/releases/Volumetrics/3-D_medical_ultrasound/prweb4190354.htm.


'/>"/>
Source: PRWeb
Copyright©2010 Vocus, Inc.
All rights reserved

Related medicine news :

1. Recorders.com Offers Free Dragon Medical 10.1 Upgrades
2. Concord Medical Services Holdings Limited Announces Pricing of Initial Public Offering on the New York Stock Exchange
3. FDA Issues Guidance to Help Streamline Medical Device Clinical Trials
4. Summit Medical Group hosts “Go Red Day” to Raise Awareness of Heart Disease and Stroke
5. LocumTenens.com Sponsors Medical Brigades to Honduras
6. Striking Down Medical Liability Reforms Another Blow to Illinois Poor Lawsuit Climate
7. Operation Smile Expands Its Medical Efforts to Help Earthquake Victims in Haiti
8. Statement From IHA President Maryjane A. Wurth on Illinois Supreme Court Medical Liability Ruling
9. Emergo Group Acquires UK-based Mediqol Ltd.; Greatly Expands Medical Device Consulting Presence in Europe
10. Summit Medical Group Physician Named "Nurses Choice: Top Doctor"
11. Grubb & Ellis Healthcare REIT II Enters Agreement to Acquire Parkway Medical Center near Cleveland
Post Your Comments:
*Name:
*Comment:
*Email:
(Date:2/13/2016)... ... , ... Valentine’s Day is nearly upon us, and most singles could probably ... flawless hair, and a sparkling personality are all well and good, but if somebody ... home with Rover. (Actually, man’s best friend might not even want to be near ...
(Date:2/13/2016)... ... February 13, 2016 , ... In its newly ... vein visualization technology should be used to ensure patient safety when placing an ... INS Standards mandate the use of vein visualization technology in patients with difficult ...
(Date:2/12/2016)... ... 12, 2016 , ... According to an article published February 4th ... significant portion of hernia repairs throughout the United States. Commenting on this article, Beverly ... that this trend has not only been expected, but it seems to be a ...
(Date:2/12/2016)... ... February 12, 2016 , ... CDRH Enforcement Trends: , Back to the Future , ... , As Winston Churchill said, “Those who don’t learn from history are doomed to ... expect when they come knocking this year. But that takes time. , Take a ...
(Date:2/12/2016)... ... February 12, 2016 , ... T.E.N., a ... closed for the ISE Southeast Awards 2016. Finalists and winners of the ISE® ... Southeast Executive Forum and Awards Gala on March 15, 2016 at the Westin ...
Breaking Medicine News(10 mins):
(Date:2/12/2016)... February 12, 2016 ... vermerkt)   http://www.sedar.com ) und ... abrufbar.    --> http://www.sedar.com ... http://www.telestatherapeutics.com abrufbar.    --> ... heute seinen Konzernabschluss des zweiten Quartals ...
(Date:2/12/2016)...  Memorial Hermann Health System has teamed up with ... bring a one-of-a-kind experience to pediatric patients at ... as 360-degree video and Google Cardboard, Howard was able ... giving the patients and their families an unexpected, and ... on video . Memorial Hermann IRONMAN ...
(Date:2/12/2016)... , Feb. 12, 2016  Eli Lilly and Company ... Court decided the Alimta® (pemetrexed disodium) vitamin regimen patent would ... the UK, France , Italy ... to dilute the product only with dextrose solution.  ... 2015, the UK Court of Appeal held that Lilly,s patent ...
Breaking Medicine Technology: