Novadaq, KCI Terminate Agreements

Novadaq Technologies NVDQ today announced that Novadaq and Kinetic Concepts Inc. ("KCI") have terminated agreements that were signed in November 2011 related to the development, sales and marketing of the LUNA(TM) fluorescence imaging system which is used in wound care clinics. The termination is considered amicable - primarily relating to changing priorities - and neither company is required to compensate the other as a result of the change. All agreements with LifeCell, including those signed in November 2011 related to vascular surgery applications of SPY Elite(R), remain active.LUNA is Novadaq's implementation of its core SPY imaging technology, productized primarily for use by wound care centers for diagnostic imaging. LUNA is used to assess vascular flow and perfusion in patients with non-healing wounds caused by vascular deficiencies."Termination of the agreements enables Novadaq to accelerate the launch of LUNA in diagnostic wound care imaging applications," commented Dr. Arun Menawat, President and CEO of Novadaq. "We have already tested commercial first generation LUNA systems in wound care clinics in the United States. These centers have See full press release