Aspect Medical Systems Inc. inked a multi-year, international licensing agreement with the German affiliate of Philips Healthcare for worldwide distribution of its line of anesthesia sensors.
Philips Medizin Systeme GmbH will purchase and distribute the Norwood-based company’s BISx kits, BIS sensors and peripherals for at least three years. The contract also has two one-year automatic renewals written into it. Other terms of the deal were not disclosed.
As part of the agreement, Aspect will provide an 18-month warranty to Philips guaranteeing that the sensors will be without defects.
Aspect also said it had extended and amended a distribution deal with GE Healthcare for its BIS sensors until 2011, with an automatic one-year renewal after that. That deal was originally signed in August 2005.