San Diego Business Journal

Naviscan Corp.'s Assets Bought By Mexican Company

By Meghana Keshavan Sunday, December 15, 2013

A Mexican medical diagnostics company has acquired the assets of Carlsbad-based Naviscan Corp., but said it plans to continue to develop and manufacture Naviscan’s molecular imaging products locally.

Compañía Mexicana de Radiología CGR, S.A. de C.V., a maker of X-ray equipment based in Queretaro, Mexico, did not disclose financial terms of the Naviscan deal.

“We are committed to retaining the high level of product quality and customer service established by Naviscan,” said Tonatiuh Monroy, Director General of CMR, in a news statement.

The Carlsbad company said that it will be renamed CMR Naviscan Corp. and will continue to develop its high-resolution molecular imaging technology – such as a mammography scanner that is said to be more accurate than traditional X-ray scanners.

Naviscan was founded in 1995 in Maryland and moved its operations to Carlsbad in 2005. It was funded by Sanderling Ventures, a firm with operations in both San Diego and San Mateo.