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NeuroLogica, polaina analógica del settle

por Brendon Nafziger, DOTmed News Associate Editor | September 09, 2011
NeuroLogica Corp. said this week it reached a "mutually-agreeable settlement" over a lawsuit with Analogic Corp. The details of the settlement between the two Massachussets device firms were not disclosed.

Bernard Gordon, who founded Analogic in 1967 and is still its chairman emeritus, left the imaging device-maker to start up NeuroLogica, based in Danvers, Mass.

In May, he and two executives accused his old company of sabotaging a planned sale to an unnamed firm last summer. In their suit, the plaintiffs claim Analogic announced it would investigate supposed intellectual property violations, after the company discovered NeuroLogica, which it apparently had offered to acquire, was in talks with other buyers, according to the suit.

For its part, Analogic said the lawsuit was without merit, and in a statement noted that it had raised concerns before the suit that its "intellectual property and other rights had been violated."

In a statement released Sept. 7, NeuroLogica said the two parties have agreed to put all allegations and investigations on ice and have released "all legal claims" in accordance with a confidential settlement.

"These concerns have been resolved, and the matter has been settled," Analogic said in a statement of its own, released Friday.

NeuroLogica, founded in 2004, makes the BodyTom, the first portable, full body CT scanner. It received Food and Drug Administration clearance in March.

Analogic is based in Peabody, Mass.

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