Contrast agent firm E-Z-EM has taken an equity position in virtual colonoscopy and structured reporting software developer PointDx of Winston-Salem, NC. The position gives E-Z-EM a stake in the virtual colonoscopy field, and is part of the firm's strategic plan to build further assets in the gastrointestinal marketplace, according to E-Z-EM president and CEO Anthony Lombardo.
The investment also allows the company to follow and support the development of radiology productivity offerings, according to E-Z-EM. The Westbury, NY-based vendor has acquired approximately 5% of the total capital of PointDx as part of the company's Series B preferred round of funding. E-Z-EM also received a three-year warrant to purchase an additional 120,000 shares, and has one seat on the PointDx board of directors.
By AuntMinnie.com staff writersAugust 10, 2001
Related Reading
E-Z-EM names Stern award recipients, June 12, 2001
PointDx streamlines radiology reporting, May 31, 2001
E-Z-EM debuts Varibar for imaging of swallowing, May 22, 2001
AngioDynamics debuts new biliary stent, May 11, 2001
E-Z-EM earnings slip in Q3 despite revenue gain, April 13, 2001
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