Fischer obtains $4.25 million payment, CE Mark reinstated

AuntMinnie.com staff writers
Jun 2, 2004

Women's imaging vendor Fischer Imaging of Denver said it has reached an agreement with Thermo Electron of Waltham, MA, to accelerate remaining payments owed the firm from a 2002 patent settlement into a single payment of $4.25 million.

The company reported that in addition to regular quarterly payment of $900,000 from the settlement, Fischer has received $5.15 million during the current quarter. The balance on the settlement has now been paid in full, Fischer said.

In other news, the company said it has regained its CE Mark for distribution in the European Union of its MammoTest systems and has resumed shipments to Europe. The company markets MammoTest in Europe through its OEM partner, Johnson & Johnson's Ethicon Endo-Surgery unit of Cincinnati.

By AuntMinnie.com staff writers
June 3, 2004

Related Reading

Kodak, Fischer in PACS deal, May 25, 2004

Fischer to offer Cedara mammo software, May 25, 2004

Suri to head Fischer R&D, May 18, 2004

Fischer, InSiteOne ink pact, May 13, 2004

Fischer completes accounting restatement, April 15, 2004

Copyright © 2004 AuntMinnie.com

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