MediGuide Collaborates with Medtronic for Development of Navigational Products

MediGuide (Haifa, Israel) has signed an agreement with Medtronic (Minneapolis, MN, USA) for co-development of medical positioning system- (MPS)-enabled products. The agreement is based on providing Medtronic products with MediGuide's global positioning system- (GPS)-like MPS navigation capabilities to enhance various procedures.

The set of agreements includes co-development and an optional equity investment of Medtronic in MediGuide. The integration of the MediGuide MPS navigation technology into Medtronic tools is expected to enhance the physician's operation, as well as the procedure duration and outcome. This relationship enlarges MediGuide's range of future products, together with its relationships with leading imaging and device companies.

"We are very excited about this relationship,” said Gera Strommer, president and CEO of MediGuide. "Medtronic is the world-leading company in the field of implantable medical devices, and this agreement complies with our strategy to bring the best value solutions for our customers and partners and to bring our MPS technology to a wide range of applications.”

MediGuide is a provider of technology, systems, and applications for intrabody navigation and less-invasive procedures with a special focus on cardiology.


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