Shares in Australia-based Nanosonics (ASX:NAN) rose nearly 15% today after the medtech firm announced that it extended its relationship with GE Healthcare (NYSE:GE). The two companies have been working together for over 10 years, developing methods to improve ultrasound sterilization systems. Nanosonics’ Trophon EPR ultrasound transducer disinfecting system won FDA clearance in 2011 and is sold […]
Nanosonics
GE Healthcare puts $7.5 million in ultrasound disinfection technology
GE Healthcare (NYSE:GE) announced an extended relationship with Australia’s Nanosonics, putting $7.5 million into the company’s ultrasound disinfection technology.
The pair of companies have been working together since 2006 to develop technologies to improve ultrasound sterilization systems, according to a press release.