Novadaq Buys Surgical Imaging Technology From Digirad

Mississauga, Ontario-based Novadaq Technologies Inc., a developer of clinically-relevant imaging solutions, has acquired the surgical lymph node and tumor margin imaging system of Digirad Corp. The company will pay the U.S.-based Digirad up to $3 million for the assets, subject to the achievement of specific milestones, plus royalties. Novadaq went public in 2005, but continues to be backed by venture capital firms, including HIG BioVentures.

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