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Category: MRISyndicate content

MRI

QED wins Inc. cred

August 31, 2010 by MedCity News

Inc. Magazine recognizes Quality Electrodynamics for rapid growth with "500" laurels.

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The accolades continue to pile up for Quality Electrodynamics.

The developer of advanced coils and electronics for magnetic resonance imaging machines was named to Inc. Magazine's list of 500 fastest-growing companies in the United States, ranking 13th among healthcare firms and 193rd overall.

Inc. cited QED for its nearly 1,500 percent growth rate over the last three years. The publication listed the Mayfield, Ohio-based company's annual revenues at $11.9 million.

ViewRay drums up a $20 million Series C round

August 25, 2010 by MedCity News

ViewRay Inc. raises $20 million in a Series C equity round from a group of new and existing investors as it prepares to bring its MRI-based oncology radiation device to market.

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ViewRay Inc., which is developing MRI-based technology to deliver radiation therapy to cancer patients, drummed up $20 million in a Series C equity offering.

The company is in the late stages of developing its technology and the funding will be used to begin selling its Renaissance System 1000 product to hospitals, according to a statement from ViewRay.

GE Healthcare partners with Ohio institutions to make MRI coils for kids.

July 23, 2010 by MedCity News

A GE Healthcare subsidiary is designing pediatric magnetic resonance imaging technology with clinicians and researchers at Cincinnati Children’s Hospital Medical Center and Ohio State University.

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By Mary Vanac

An Aurora, Ohio, subsidiary of GE Healthcare is teaming with clinicians and researchers at Cincinnati Children’s Hospital Medical Center and Ohio State University to find better ways to take magnetic resonance images of children.

GEHC Coils Inc. — the former USA Instruments Inc. — will use a $1 million Ohio Third Frontier grant to work with the medical center and Ohio State’s Davis Heart and Lung Institute to design, build and validate MRI coils and surgical fixation devices for children.

Hologic to drop $85 million on Sentinelle Medical

July 6, 2010 by MassDevice staff

Hologic Inc. agrees to pay at least $85 million for breast MRI equipment maker Sentinelle Medical Inc.

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Hologic Inc. (NSDQ:HOLX) agreed to acquire Sentinelle Medical Inc. for $85 million plus contingencies.

The deal calls for Bedford, Mass.-based Hologic to pay a "two-year contingent earn out," according to a press release, for Toronto-based Sentinelle, which makes MRI breast coils, tables and visualization software.

CMS pivots on MRA coverage decision

June 4, 2010 by MassDevice staff

The Centers for Medicare and Medicaid Services reverse course on its national coverage decision for a type of MRI, magnetic resonance angiography, that looks for stenosis in arteries.

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The Centers for Medicare and Medicaid Services said it no longer believes a separate coverage indication is necessary for magnetic resonance angiography, opening the procedure to the same reimbursement consideration as a traditional MRI.

The decision reverses an earlier stand by the national insurer on a procedure that tests for stenosis in arteries as different from traditional MRIs.

T2 Biosystems raises $15 million Series C round

May 25, 2010 by MassDevice staff

T2 Biosystems Inc. raises $15 million in a Series C funding round to bring its benchtop MRI-based diagnostic device to market.

T2 Biosystems logo

T2 Biosystems Inc. raised about $15 million in a Series C funding round it plans to use to bring its benchtop MRI-based diagnostic device to market.

The Cambridge, Mass.-based firm said Physic Ventures led the round, along with new backers Arcus Ventures, RA Capital, Camros Capital, WS Investments and existing investors Flagship Ventures, Polaris Venture Partners, Flybridge Capital Partners and Partners Healthcare.

Medtronic lands 510(k) for next-gen Polestar surgical MRI device

April 26, 2010 by MassDevice staff

Medtronic Inc. wins 510(k) clearance from the Food & Drug Administration for its Polestar N30 MRi device for brain surgery.

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By Brandon Glenn

Medtronic Inc. (NYSE:MDT) won 510(k) clearance from the Food & Drug Administration for a next-generation version of an imaging system used by brain surgeons.

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