CompuMed and Merck complete OsteoGram marketing deal; Merck acquires worldwide marketing rights to CompuMed's bone density test.MANHATTAN BEACH Manhattan Beach, city (1990 pop. 32,063), Los Angeles co., S Calif., on Santa Monica Bay; inc. 1912. It is a residential and beach community with an oil refinery and nearby factories that produce transportation and electrical equipment, computers, and pottery. , Calif.--(BUSINESS WIRE)--Sept. 27, 1995--CompuMed Inc. (Nasdaq Small Cap: CMPD CMPD Charlotte-Mecklenburg Police Department (Charlotte, NC) CMPD Compound CMPD Chronic Myeloproliferative Disorder CMPD Campomelic Dysplasia CMPD Custom Microcomputer Program Design ) today announced the completion of its agreement granting Merck & Co. Inc. (NYSE NYSE See: New York Stock Exchange : MRK MRK Merck & Company (stock symbol) MRK Mayer-Rokitansky-Kuster (anomaly) MRK Manual Remote Keying ) exclusive worldwide rights to operate and market CompuMed's OsteoGram(R) bone density testing service. Under terms of the agreement, Merck will pay CompuMed a licensing fee and royalties on all OsteoGram(R) tests performed for the next five years. Merck will also work to develop OsteoGram(R) product improvements. CompuMed is focused on providing solutions to important medical problems through the use of computer technology. In addition to the OsteoGram(R), CompuMed is focused on telemedicine services for cardiology cardiology Medical specialty dealing with heart diseases and disorders. It began with the 1749 publication by Jean Baptiste de Sénac of contemporary knowledge of the heart. Diagnostic methods improved in the 19th century, and in 1905 the electrocardiograph was invented. and currently provides on-line computer interpretation of medical tests, such as electrocardiograms (ECGs), to physicians and healthcare providers. CONTACT: CompuMed Inc. Rod N. Raynovich, 310/643-5106 ext. 119 or Merck & Co. Inc. Christine Fanelle, 215/652-3203 or Noonan/Russo Communications Inc. 212/696-4455 Jonathan Fassberg (investor) ext. 248 Rich Tammero (media) ext. 222 |
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