MGT Capital Investments has completed its exit from the medical imaging industry, selling off patents once held by its Medicsight subsidiary.
Medicsight had been attempting to commercialize computer-aided detection (CAD) software for CT colonoscopy with its ColonCAD product. But in 2011, MGT announced it had run afoul of stock exchange listing standards, and in mid-2012 it said it was expanding into the online gaming business.
In January 2013, MGT announced it had engaged an outside consulting firm to find a buyer for its medical imaging patents, and in June that buyer was found in the form of a "major Asian conglomerate," the company said.
The transaction to sell the patents completes MGT's transition to its new focus on Internet and mobile gaming.
