uploads///BREAST HEALTH BUSINESS PERFORMANCE

Philips and Hologic Partners in Women’s Health Area

By

Apr. 3 2018, Updated 4:15 p.m. ET

Overview

On March 2, 2018, Hologic (HOLX) announced a global partnership with Royal Philips (PHG) to provide an integrated health solution for women comprised of diagnostic imaging modalities and advanced informatics along with screening, diagnosis, and treatment services.

The agreement is a multiyear, non-exclusive global partnership deal that allows for customized implementation according to regional requirements, taking into consideration the individual customer’s needs. Neither of the companies disclosed the financial terms of the deal.

Article continues below advertisement

Agreement details

According to the agreement, some of the selected products from Hologic’s breast health portfolio will be available for Royal Philips to offer as part of its multi-modality deals for healthcare providers, hospitals, and more. The selected products include Hologic’s breast screening technologies, interventional radiology technologies, and its 3Dimensions Mammography System, the fastest breast tomosynthesis system in the market. As we saw in the previous part of this series, the FDA has recently approved new innovations in Hologic’s 3Dimensions Mammography System.

Deal rationale

Hologic is a leading player in the mammography technologies market, while Royal Philips has a leading portfolio of diagnostics and informatics systems. In breast care, the company has advanced imaging products for ultrasound, including Philips Affinity with Anatomical Intelligence for Breast, Philips Ingenia digital MRI (magnetic resonance imaging) with Compressed SENSE, and PET/CT (positron emission tomography-computed tomography) devices including the Philips Vereos fully digital PET/CT that supports intelligent image analysis, information management, quantification, and workflow tools.

The partnership is expected to leverage the capabilities of the two companies to develop market-leading integrated imaging solutions for women’s health. The solution will further advance the company’s objective of providing a comprehensive portfolio of solutions and therapies for improving women’s health through early detection, diagnosis, and treatment.

Advertisement

More From Market Realist

  • Bitski art and logo
    Company & Industry Overviews
    NFT Platform Provider Bitski Isn’t Publicly Traded
  • who are palantir customers
    Company & Industry Overviews
    Palantir Customers Are Large Defense and Commercial Institutions
  • Grain trucks waiting to be loaded and Archer Daniels logo
    Company & Industry Overviews
    Archer Daniels Stock Is a Buy Amid Price Dip and Big Announcement
  • SemiLEDS logo over LED lighting
    Company & Industry Overviews
    There's Still Time to Get in on SemiLEDS (LEDS) Stock
  • CONNECT with Market Realist
  • Link to Facebook
  • Link to Twitter
  • Link to Instagram
  • Link to Email Subscribe
Market Realist Logo
Do Not Sell My Personal Information

© Copyright 2021 Market Realist. Market Realist is a registered trademark. All Rights Reserved. People may receive compensation for some links to products and services on this website. Offers may be subject to change without notice.