this should help:
MEMPHIS, Tenn., March 28, 2013 /PRNewswire/ -- MRI Interventions, Inc.'s (OTCBB: MRIC) innovative neurosurgical navigation platform, the ClearPoint® Neuro Intervention System, was featured on the Fox News Health website in a story published on March 25, 2013.
In her story titled "MRI-guided brain surgery easier on Parkinson's patients," Fox News reporter Laurie Tarkan recounts her interview with Dr. Hooman Azmi, director of the division of movement disorders at Hackensack University Medical Center in New Jersey, regarding his experience using the ClearPoint system in deep brain stimulation (DBS) surgeries. The story relates some of the drawbacks of the traditional DBS surgery and notes that surgeons have begun using the ClearPoint system to address those negative aspects of the procedure.
One of the more noticeable differences with the ClearPoint system, Tarkan points out, is that by using the interventional platform, surgeons are able to rely on real-time MRI guidance, rather than feedback from patients, to precisely place DBS leads at their target locations. This direct MRI guidance for surgeons means patients can sleep through a ClearPoint-navigated DBS procedure, unlike traditional methods of performing the surgery which generally require patients to remain awake through some of the operation. The ability to sleep through the procedure also allows patients to maintain their regular medication schedules, offering yet another level of comfort to a traditionally stressful operation.
To read the Fox News Health article in its entirety, please visit the following link:
About Deep Brain Stimulation (DBS)
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Sentiment: Strong Buy
Thanks of the information. Was Hackensack's acquisition of the ClearPoint system in an announcement?
This was in today's NJ Bergen Record on the front page. Search Bergen Record NJ Bringing Buddy Back. The article doesn't mention MRIC by name but my brother in law had the same procedure in San Francisco CA and the procedure mentioned sounds the same (DBS). Buddy's was done in Hackensack Medical Center in NJ.
When UC San Diego’s Jacobs Medical Center opens next year in La Jolla, it will feature a first for the county: intraoperative MRI, which makes it possible to image the brain via a scanner during surgery so doctors can, in real time, see whether it has shifted or how much of the tumor remains. This technology is a distinct advantage compared with doing an MRI after a surgical site in the skull has been sewn up.
Sentiment: Strong Buy
You're exactly correct, a most exciting stock with an amazing future on the horizon..... The unfortunate situation is the "Money Maker" that insists on driving the price down down down and down agin. We're down over 10% this week for absolutely no reason! Maybe this money maker works for their competition?
Total revenues for the three months ended March 31, 2015 were $1.01 million, representing an increase of $188,000, or 23%, from total revenues of $823,000 in the corresponding quarter of 2014.
Of this $1.01 million total, sales of disposable products related to the Company's ClearPoint system amounted to a Company-high $840,000 in the first quarter of 2015, an increase of 49% from disposable product sales of $565,000 in the 2014 period. This increase reflects customer purchases of disposable products for a higher number of performed and anticipated procedures in 2015, relative to 2014.
Sales of ClearPoint-related reusable products amounted to $137,000 in first quarter of 2015, an increase of $45,000, or 49%, from reusable product revenues of $92,000 in the first quarter of 2014.
Other service revenues, mostly related to ClearPoint system service agreements and installation services, were $34,000 for the three months ended March 31, 2015, and approximately $10,000 for same period last year.
During the three months ended March 31, 2014, the Company recognized development service revenues of $99,000, reflecting the completion of a contract development project. No such revenues were recognized during the first quarter of 2015, and the Company does not expect development service revenues to be a meaningful ongoing revenue source.
Cost of product revenues was $386,000 for the three months ended March 31, 2015, representing a gross margin on product revenues of 60%, compared to $351,000 for the same period last year, representing a gross margin of 51%. This improvement in gross margin reflects the efficiencies derived from higher production volumes and a favorable product mix.
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neurological surgical team at University of Kansas Medical Center performed the first stereotactic laser ablation of the hippocampus (SLAH) procedure in their MRI suite, utilizing the ClearPoint Neuro Navigation System. - See more at: http://ir.stockpr.com/mriinterventions/company-
Sentiment: Strong Buy