SonoSite (NASDAQ: [[ticker:SONO]]), the Bothell, WA-based maker of portable ultrasound machines, said today it has agreed to acquire Toronto-based Visualsonics for $71 million, net of cash and debt. Visualsonics is the leader in ultra high frequency micro-ultrasound that uses five times the frequency center range of conventional technologies, SonoSite says. This has enabled biologists to visualize superficial anatomy on small living animals with microscopic detail, discerning features as small as 40 microns, according to a SonoSite statement. The ultrasound market for preclinical research is estimated to be worth $350 million with projected double digit annual growth rates, SonoSite said.
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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