QualityStocks would like to highlight MRI Interventions, a medical device company that develops and commercializes innovative platforms for performing minimally invasive surgical procedures in the brain and heart under direct, intra-procedural magnetic resonance imaging, or MRI, guidance. The company focuses on research and product development in the field of interventional MRI. From 1998 to 2002, the company deployed significant resources to fund efforts to develop the foundational capabilities for enabling MRI-guided interventions and to build an intellectual property position. In 2003, the focus shifted to identifying and building out commercial applications for the technologies developed in prior years.
In the company’s news yesterday,
MRI Interventions was recognized for its innovative platforms and technologies by receiving the 2012 Global Company of the Year Award in Image-Guided Neural Interventions by Frost & Sullivan, a global business research and consulting firm.
The firm Frost & Sullivan presented the award based on established criteria that included degree of innovation with products and technologies, growth strategy excellence, growth implementation excellence, and leadership in customer value. The firm highlighted MRI Interventions’ Clearpoint® system, which provides an integrated platform for performing a range of minimally-invasive neurological procedures under direct, real-time magnetic resonance imaging (MRI) guidance. The ClearPoint system allows a surgeon to aim the targeting device at a neurological target, and watch in real-time as the surgical instrument is advanced to the target.
“MRI Interventions’ ClearPoint system enables neurological interventions which offer distinct advantages over conventional and robotic procedures,” Frost & Sullivan healthcare industry analyst Beulah Devadason stated in the press release. “The many advantages of this system include reduced patient trauma, and reduction in the overall cost and time required for procedures, which further improves profitability for hospitals.”
To date, ClearPoint systems are being utilized at 16 hospitals in the United States and two hospitals in Europe.
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