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November 13, 2012
07:02 EDTCAJCanon enters into collaborative research agreements with two hospitals
Canon U.S.A. has entered into respective collaborative research agreements with Massachusetts General Hospital, or MGH, and Brigham and Women's Hospital, BWH, to develop biomedical optical imaging and medical robotics technologies, among other initiatives. The overall goal of the agreements is to develop and commercialize unique medical devices for a variety of applications including detection of cardiovascular disease, brain functional imaging, robotics-assisted neurosurgery and miniature endoscopy. Canon U.S.A. is working in conjunction with its parent, Canon, on this endeavor. This collaboration involves technology experts from the MGH Wellman Center for Photomedicine, MGH Athinoula A. Martinos Center for Biomedical Imaging, MGH Pathology Imaging and Communication Technology Center, BWH National Center for Image Guided Therapy and BWH Center for Image-based Phenotyping.
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October 2, 2015
09:02 EDTCAJHarris & Harris receives milestone payment from Canon
Harris & Harris (TINY) said it received payment of approximately $800,000 following achievement of a certain undisclosed milestone associated with the acquisition of its former portfolio company, Molecular Imprints, Inc., by Canon (CAJ) of Tokyo, Japan, in April 2014. This payment increases its total gross proceeds from the sale to approximately $7.8M, including amounts held in escrow. Harris & Harris Group could receive an additional $900,000 upon the achievement of an additional milestone. These proceeds and potential future proceeds are in addition to the approximately $800,000 in cash and $300,000 in stock received for the sale of the non-semiconductor business to an undisclosed privately held company in May 2015. Harris & Harris Group originally invested approximately $4.5M in Molecular Imprints.

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