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22-06-2012 14:16:00

Philips Enters 5-Year R&D Program With 3 Russian Medical Institutes

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AMSTERDAM -- Royal Philips Electronics (PHIA.AE) said Friday it has teamed up with three Russian research institutes for medical imaging technology research and development. Philips will invest EUR2.5 million in the five-year program.

MAIN FACTS:

- Philips has embarked on a five-year joint research and development program with the Saint Petersburg State Polytechnical University, the Vavilov State Optical Institute and the Ioffe Physical Technical Institute in the field of medical imaging technologies.

- Philips will be investing up to EUR2.5 million in the program, comprising direct funding and 'in-kind' support, including research staff.

- The program will focus on the development of so-called scintillation materials to improve the sensitivity of the detectors used in various scanners. Such scanners are typically used in the diagnosis of diseases such as cardiovascular disease and cancer. Improved detector sensitivity can ultimately be translated into shorter scan times, lower radiation doses for the patient, or enhanced image quality.

- By Amsterdam Bureau, Dow Jones Newswires; amsterdam@dowjones.com

(MORE TO FOLLOW) Dow Jones Newswires

June 22, 2012 08:16 ET (12:16 GMT)

Copyright (c) 2012 Dow Jones & Company, Inc.

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