Sonosite, the Bothell, WA-based maker of portable ultrasound machines, said today it will receive a $21 million upfront payment from General Electric as part of a settlement of all patent litigation between the companies. Sonosite will also receive an undisclosed royalty on U.S. sales of GE’s ultrasound systems that weigh less than 10 pounds, until one of Sonosite’s patents expires in 2016. “It not only affirms the value of our patents, but also will enable the expansion of our research program for point-of-care ultrasound in medicine,” said Sonosite CEO Kevin Goodwin, in a statement.
Author: Luke Timmerman
Luke is an award-winning journalist specializing in life sciences. He has served as national biotechnology editor for Xconomy and national biotechnology reporter for Bloomberg News. Luke got started covering life sciences at The Seattle Times, where he was the lead reporter on an investigation of doctors who leaked confidential information about clinical trials to investors. The story won the Scripps Howard National Journalism Award and several other national prizes. Luke holds a bachelor’s degree in journalism from the University of Wisconsin-Madison, and during the 2005-2006 academic year, he was a Knight Science Journalism Fellow at MIT.
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