Intermagnetics and Philips extend contract:
This article was originally published in Clinica
Intermagnetics General and Philips Medical Systems have extended an agreement whereby Intermagnetics supplies Philips with advanced superconductive magnet systems for magnetic resonance imaging equipment. The exclusive agreement, which is worth over $350 million, is an early extension of a three-year contract and will run for another five years. Latham, New York-based Intermagnetics and Philips have worked together since 1986.