We mentioned LightLab Imaging‘s Optical Coherence Tomography a few weeks ago when the company won FDA approval for their coronary intravascular imaging technology. Now LightLab has been featured on Good Morning America (video below) and the company was purchased by St. Jude Medical for $90 million.
The StarTrib article about the St. Jude purchase includes some optimistic projections on the market impact of Optical Coherence Tomography, which the ABC video points out has not been shown to improve outcomes yet.
St. Jude said it expects the OCT platform to contribute an additional $20 million in revenue to its cardiovascular business in the second half of this year. The OCT market is expected to grow at a double-digit annual rate over the next five years.
Flashback: C7-XR Coronary Imaging System Gets US Green Light
ABC News: Cutting Edge Medicine: New Look Inside the Heart…
Minneapolis Star Tribune: St. Jude to spend $90 million to buy imaging company…