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MRI Interventions Inc. (MRIC)

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Last Post: 12/20/2019 3:38:43 PM - Followers: 27 - Board type: Free - Posts Today: 0

MRIC logoMRI Interventions, Inc. (MRIC) is 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. From 1998 to 2002, MRI Interventions deployed significant resources to fund its efforts to develop the foundational capabilities for enabling MRI-guided interventions and to build an intellectual property position. Since 2003, company's focus shifted to identifying and building out commercial applications for the technologies that has been developed in prior years.


MRIC stock was cleared for trading just a few weeks back and is still largely under the radar. Here's a chance for you to own a piece of a best-in-class technology company led by a strong management team

 
Technologies:
 
MRI Interventions has two product platforms:
 
ClearPoint® Neuro Intervention System, first-to-market platform, allows neurosurgeons to see inside the patient's brain during a procedure. This system is cleared by FDA and is in commercial use in the United States.
MRIC MRI
Highlights:
 
Targeting 2.2 million late-stage neuro disease patients.
 
Installed in 15 prominent U.S. neurosurgery centers, and growing.
 
Generated $1.5M since commercial roll-out, and growing.
 
ClearPoint® technology allows a direct, high resolution visualization, performed in an MRI suite and not in an operating room. ClearPoint® allows keep patient under general anesthesia during the procedure compared to the conventional method when patient often must be awake for their own brain surgery; takes less than 3 hours for the procedure compared with the long 8 hours conventional surgery; doesn't require to use by specialized neurosurgeon (only 300 specialists in US) thus available to the 3500 general neurosurgeons in US alone. See the company's presentation at this link: http://content.stockpr.com/mriinterventions/media/f442744d043ae5f89f855ad34ef2bbbe.pdf

mric technology
 
MRIC is developing a second platform, ClearTrace™ System, for MRI-guided minimally invasive surgical procedures in the heart. The ClearTrace system is a product candidate still in development  designed to allow catheter-based minimally invasive procedures in the heart to be performed using continuous, intra-procedural MRI guidance.
MRIC ClearTrace platform
The ClearTrace system will represent a new paradigm in performing cardiac interventions. Similar to the ClearPoint system, the ClearTrace system is designed as an integrated system of hardware components, disposable components and intuitive, menu-driven software.
 
Significant selling point is that both systems utilize intra-procedural magnetic resonance imaging (MRI) to guide the procedures and are designed to work in a hospital's existing MRI suite.

Market size for the medical devices with MRI safety or image compatibility limitations is about $15.8 billion; market dollar volume for cardiac support systems is about $20 billion. Even by capturing just one percent of this market prospect, MRIC would have sales 6X their tiny market capitalization of $48.5M. Here's the best part:
 
Partners:
 
Co-development and distribution agreement with Brainlab. Under the agreement, Brainlab will serve as a co-distribution partner for the ClearPoint® system in the United States and Europe. With about 5,000 systems installed in about 80 countries, Brainlab is a market leader in image-guided technology, it is headquartered in Munich, Germany, and today employs 1,070 people in 17 offices across Europe, Asia, Australia, North and South America.
 
Exclusive co-development agreement with Siemens (NYSE: SI), the global market leader in MRI scanners, for the development and commercialization of the hardware and MRI software necessary for the ClearTrace™ system. Siemens Healthcare employs some 51,000 employees worldwide and operates around the world. In fiscal year 2011 the Siemens Healthcare Sector posted revenue of 12.5 billion euros and profit of around 1.3 billion euros.
 
Exclusive licensing and development agreements with Boston Scientific Corporation  (NYSE: BSX) to enable BSC to incorporate ClearPoint® and ClearTrace™ technologies into its cardiac pacemaker and neuromodulation products. Under the terms of these agreements, BSC paid MRI Interventions $13 million in upfront licensing fees and agreed to make further milestone and royalty payments to MRI Interventions if and when BSC incorporates our technologies into BSC products.

Management:

Kimble L. Jenkins
President, Chief Executive Officer and Chairman of Board of Directors
Mr. Jenkins previously was a Managing Director with the investment bank Morgan Keegan & Company, Inc. , where he founded Private Equity Group in 1998. Mr. Jenkins has over 20 years of experience building and working with growth stage companies.
 
Peter G. Piferi
Chief Operating Officer
Peter G. Piferi joined company in December 2006 as the Chief Operating Officer. Mr. Piferi has 30 years of industry experience in the areas of product development, manufacturing, quality and regulatory. Prior to joining MRI Interventions, Mr. Piferi served as the Vice President, Endovascular Technologies at Edwards Lifesciences Corporation (NYSE: EW) , Vice President of Operations at Kriton Medical Inc. (currently Heartware International (Nasdaq: HTWR), Vice President of Operations at Orbus Medical Technologies, Inc. (currently Orbus Neich) and as Director of Advanced Engineering at Cordis Corporation, a Johnson and Johnson company (NYSE: JNJ).
 
David W. Carlson
Chief Financial Officer
David W. Carlson joined company in February 2010 as Vice President and was promoted to Chief Financial Officer in April 2010. Mr. Carlson has 18 years of experience in financial leadership roles in the medical device industry. He was serving as the Corporate Controller of Sofamor Danek, Inc. that was acquired by Medtronic, Inc. (NYSE: MDT) . From 1999 to 2009, he served in various financial management positions as a Vice President of Finance and Senior Finance Director at Medtronic, Inc.

Contact:
 
MRI Interventions, Inc.
One Commerce Square
Suite 2550
Memphis, TN 38103
Phone: 901-522-9300
Fax: 901-522-9400

info@mriinterventions.com
http://www.mriinterventions.com/

5 Musick
Irvine, CA 92618
 
Phone: 949-900-6833
Fax: 949-900-6834

Summary: MRI Interventions, Inc. (MRIC) is a growing story unfolding in the investment community as it makes available access to next-generation technology in brain and heart surgery.


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MRIC News: Current Report Filing (8-k) 01/13/2020 08:05:56 AM
MRIC News: Statement of Changes in Beneficial Ownership (4) 01/02/2020 05:07:32 PM
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MRIC News: Statement of Changes in Beneficial Ownership (4) 01/02/2020 05:06:29 PM
MRIC News: Statement of Changes in Beneficial Ownership (4) 01/02/2020 05:06:04 PM
PostSubject
#231   It seems that it will not be available Kaptain 12/20/19 03:38:43 PM
#230   Would like to hear some thoughts about what Plummy Potter 12/20/19 02:16:37 PM
#229   Handsome stock. Folks probably just starting to seppi08162 12/17/19 09:00:26 PM
#228   Good volume today. Reason? Kaptain 12/17/19 06:26:34 PM
#227   Did you guys see VYGR? It beats Kaptain 11/06/19 07:49:35 AM
#226   As of last year, there was only one Kaptain 10/16/19 12:08:50 PM
#225   Very strong results, op. Leverage, the Option value DeepDive 08/07/19 03:10:44 AM
#224   The site just updated. Now it shows AMEX Kaptain 07/22/19 09:41:33 AM
#223   All is good but no updates since our Kaptain 07/16/19 04:06:26 PM
#222   Clinical Laserthermia Systems could announce yet another step vinguden 07/09/19 10:13:31 AM
#221   The deal concerns treatment with the company’s flagship vinguden 07/09/19 10:12:29 AM
#220   I guess the market will discover the company Handlamera 07/09/19 04:40:36 AM
#219   Oops, and nobody seems to know about this Bismarque 07/08/19 12:48:17 PM
#218   Check out the company that they work together Handlamera 07/08/19 07:40:19 AM
#217   Toto, we are not in Kanzas anymore... DeepDive 07/05/19 08:46:13 AM
#216   MRIC listed on the AMEX from the OTC: Renee 07/03/19 08:50:13 AM
#215   That's very NYSE indeed. Kaptain 06/29/19 08:31:12 AM
#214   Well, well, well. We got some news today. Kaptain 06/28/19 06:34:49 PM
#213   We need some news or something. Kaptain 06/21/19 07:20:19 PM
#212   Very good numbers from our little gem. Kaptain 04/30/19 04:22:28 PM
#211   The three top officers just disposed of thousands Kapetan 01/26/19 10:01:44 AM
#210   Over 80,000 shares traded today. That's more Kaptain 01/12/19 08:33:55 AM
#209   Good results for the end of 2018 Kaptain 01/03/19 05:04:21 PM
#208   Hi Kapetan Kaptain 12/18/18 08:42:24 AM
#207   A lot of positive activity around this little Kapetan 10/28/18 09:41:56 AM
#206   Come to find out that Voyager is not Kapetan 10/16/18 10:49:47 PM
#205   The $2mil early payoff to Brainlab was a Kapetan 10/15/18 10:42:38 AM
#204   Price manipulation galor Kapetan 10/09/18 04:26:11 PM
#203   Interesting Kapetan 10/01/18 04:11:19 PM
#202   Today is the opposite so far. Very good Kapetan 09/24/18 01:12:25 PM
#201   Higher volume and price was down. Not good. Kapetan 09/10/18 07:32:55 PM
#200   I like the space. Good potential. Kapetan 09/09/18 07:40:06 PM
#199   Another strong move on a big down day jaytea 03/19/18 05:11:48 PM
#198   Approaching 6-month high. Earnings report was stellar. still jaytea 03/16/18 09:41:54 AM
#197   3 dolluh holluh jaytea 01/31/18 02:14:35 PM
#196   Broke through strong resistance @ $2.80. Close above jaytea 01/31/18 12:41:02 PM
#195   Investor presentation https://content.equisolve.net/_4c98dd8094a61eb7462b66135 DeepDive 12/08/17 05:35:25 AM
#194   Noticed MRIC has a OTC Market Verified Share judypudy 10/21/17 05:54:21 PM
#193   Could break $3.00 today. Huge potential here. $MRIC jaytea 10/09/17 10:11:40 AM
#192   Looks ready $MRIC jaytea 09/20/17 01:46:46 PM
#191   MRIC buy 2.00 stocktrademan 08/05/17 12:20:37 PM
#190   HIRSCHMAN ORIN has filed a new 13G, reporting wiltonio 06/08/17 09:44:16 AM
#189   I was just watching the chart, it doesn't stocktrademan 10/18/16 02:24:19 PM
#188   still feel bullish? nyc34 10/18/16 01:31:07 PM
#187   MRIC bullish 6.3 stocktrademan 10/05/16 12:18:11 PM
#186   Hi C! I dont follow cytk too closely Seel 09/01/16 11:48:15 PM
#185   Seel, thanks, any info much appreciated. Just started Citrati 09/01/16 10:00:53 PM
#184   Getting their act together finally. If they continue Seel 09/01/16 05:54:55 PM
#183   MRIC one for 40 reverse split: Renee 07/26/16 04:01:00 PM
#182   Looks like a reverse split is coming...anywhere from wiredawg 06/25/16 01:16:54 PM
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