The collaboration centers on Midjourney Medical’s latest diagnostic hardware, which utilizes 40 individual Butterfly imaging modules per system. The integration marks a significant expansion for the health technology firm, which has been scaling its semiconductor-based ultrasound platform to support advanced medical imaging applications.
In section Market Quotes
Butterfly Network Shares Surge on Midjourney Ultrasound Partnership
Shares of Butterfly Network climbed 33% to $7.59 on Thursday after the company revealed that Midjourney is integrating its proprietary ultrasound-on-chip modules into a new full-body tomographic imaging machine. This milestone pushes the company’s year-to-date stock performance to nearly a 100% gain.
This development builds upon a previously disclosed deal between the two firms, which projects up to $74 million in payments to Butterfly over a five-year period. By embedding their technology directly into Midjourney’s scanners, Butterfly continues to pivot toward high-volume licensing agreements within the medical device industry.
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