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PLC Systems sells business unit for $1M

Tue, 11/09/2010 - 4:37am
Mass High Tech: The Journal of New England Technology

PLC Systems Inc., a medical device technology firm in Franklin, has agreed to sell all of its assets from its Transmyocardial Revascularization (TMR) business for $1 million to Novadaq Technologies Inc., a developer of operating room imaging systems.

Florida-based Novadaq has held exclusive distribution rights to PLC’s CO2 Heart Laser Systems and TMR-related technology since 2007.

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