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Boston Scientific Invests in Biophan

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ROCHESTER, N.Y., July 7 -- Medical device maker Boston Scientific Corp. announced last week it will buy a stake in Henrietta-based Biophan Technologies Inc., purchasing $5 million worth of the company's common stock and a technology license for $750,000 and annual maintenance fees, in addition to royalties and milestone payments. Other financial details were not disclosed. The license agreement covers multiple patents related to magnetic resonance imaging (MRI) safety and image compatibility, and includes both exclusive and nonexclusive product categories. Biophan develops technology that...Read full article

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    Published: July 2005
    Glossary
    magnetic resonance imaging
    An imaging technique used in radiology that is based on the principles of nuclear magnetic resonance (NMR) to produce high-quality images of the inside of the human body by imaging the nuclei of atoms within the body.
    photonics
    The technology of generating and harnessing light and other forms of radiant energy whose quantum unit is the photon. The science includes light emission, transmission, deflection, amplification and detection by optical components and instruments, lasers and other light sources, fiber optics, electro-optical instrumentation, related hardware and electronics, and sophisticated systems. The range of applications of photonics extends from energy generation to detection to communications and...
    Biophan TechnologiesBoston Scientificmagnetic resonance imagingMRINews & Featuresphotonics

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