SALT LAKE CITY--(BUSINESS WIRE)--Applied Medical Visualizations LLC (Medvis), a medical information visualization company, announced today that it has established a new patent license agreement with GE Healthcare, a subsidiary of the General Electric Company (NYSE: GE).
The agreement provides GE Healthcare’s anesthesia business a nonexclusive license to a variety of Medvis intellectual property including patents relating to anesthesia drug and graphic display monitoring. This agreement replaces the 2005 agreement between both parties and includes a simplified payment structure. Specific terms of the agreement were not disclosed.
“Medvis is very pleased to have reached a new intellectual property licensing agreement with GE Healthcare and we are looking forward to collaboration in the development of cutting-edge pharmacokinetic and pharmacodynamics modeling technologies,” said Jim Agutter, president of Medvis.
The patents held by Medvis cover a wide range of technologies, including pharmacologic display technologies for monitoring, diagnosis and evaluation. The systems use display objects to facilitate rapid cognitive grasp of the overall state of drug combination effects. Objects change in real time to show the changes of certain functions. Doctors can use the displayed data in the process of monitoring or administering drugs to a patient as well as predicting anesthesia drug effects.
“Medvis has been working with GE Healthcare's expert group of engineers and researchers for a number of years to provide more effective presentations of medical information to anesthesiologists,” said a spokesperson for GE.
About Applied Medical Visualizations LLC (Medvis)
Medvis specializes in the visualization of medical information. Our products have been demonstrated to improve the comprehension of complex medical data. We have developed and tested state-of-the-art solutions for education, information presentation, patient monitoring and information management. We incorporate a user-centered design approach that simplifies user interaction with intuitive presentation and visualization of information. Our products allow our customers to better manage patient care and ensure patient safety while minimizing cost.
Medvis is comprised of an interdisciplinary group of researchers, clinicians, engineers and IT professionals with specialization in the fields of medicine, bioengineering, interface design, human factors engineering, cognitive psychology, information visualization, computer science and software engineering. Our staff has more than 50 years combined experience in designing, testing and implementing general and customized solutions. For more information, please visit http://www.medvis.com.