(EMAILWIRE.COM, July 03, 2012 ) New York, NY -- MRI Interventions (MRIC) has been gaining attention of late thanks to a technology that could quickly alter the scope of brain and heart surgeries.
The advance of MRI's technology allows the medical profession to more accurately and less-invasively deliver therapies to treat a range of neurological diseases and disorders. What is key about the less-invasive nature of the technology is the reductions in monetary resources and man-hours that may now be attributed to associated procedures, which is not a point to ignore as the enormous costs of health care have again dominated the political spotlight over recent weeks.
It's also noteworthy that MRIC's technology utilizes a hospital's already-existing MRI suite, a huge convenience when bringing in an augmenting technology.
The company is already partnered with Brainlab, a leader in the image-guided surgery field in the US and Europe, for the advancement of the ClearPath technology and MRIC landed Siemens AG (SI) as a partner for the development of its ClearTrace system. Additionally, in a deal that came with an up-front payment of $13 million, Boston Scientific Corporation (BSX) signed a deal to incorporate MRIC's technologies into its cardiac pacemakers and neuromodulation products. Should BSX utilize the technology in any of its products, MRIC would be due royalty on any associated revenue.
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