Nashua, N.H.-based iCad said the deal includes a holdback reserve of $350,000.
With the close of the deal, Philips Invivo will have all right, title and interest to intellectual property relating to the 2 products, according to an SEC filing. The deal also eliminated an earlier established licensing agreement of the 2 products to Gainesville, Fla.-based InVivo, which Philips acquired in 2007.
The deal was announced last December, and iCad said that both parties aim to ink software cross-license and transition services agreements when the deal closes.
DeviceTalks Minnesota's leadership track is designed to provide attendees with insights on topics such as:
Use code SAVE15 to save 15%!