In Brief: IRIS/PSI
This article was originally published in The Gray Sheet
Executive Summary
IRIS/PSI: Firms sign letter of intent under which International Remote Imaging Systems would acquire the digital imaging business of Perceptive Scientific Instruments for $9 mil. in cash and $7 mil. in subordinate convertible debentures. PSI's major business is the PowerGene product line, which is based in part on NASA image processing technology, and is used in a range of cytogenetic procedures...