Koninklijke Philips Electronics NV to Cooperate With Rosatom

Koninklijke Philips Electronics NV announced that it intends cooperate with the Russian Atomic Energy Corporation (ROSATOM) on the development and licensing of nuclear medical technology in Russia. Aim is, to simplify the import of nuclear medical technology into the Russian Federation. As part of the Memorandum of Understanding, Philips intends to manufacture three imaging modalities in nuclear medicine in Russia: SPECT (Single-Photon Emission Computed Tomography), SPECT/CT (SPECT combined with X-ray Computed Tomography) and PET/CT (Positron Emission Tomography combined with CT). The companies intend to offer the Russian-made scanners to Russia and CIS markets under joint branding. In addition, the companies will join forces in R&D (including clinical trials), the development of a local component manufacturing base and the future upgrade of joint products. Philips also intends to license its engineering know-how for the production and maintenance of medical devices to ROSATOM.