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As of 10:27 AM 08/27/14 All times are local (Market data is delayed by at least 15 minutes).

mri interventions inc (MRIC) Snapshot

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52 Week High
11/14/13 - $1.75
52 Week Low
06/9/14 - $0.65
Market Cap
58.2M
Average Volume 10 Days
56.2K
EPS TTM
$-0.12
Shares Outstanding
59.0M
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Current Stock Chart for MRI INTERVENTIONS INC (MRIC)

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mri interventions inc (MRIC) Details

MRI Interventions, Inc., a medical device company, develops and commercializes platforms for performing minimally invasive surgical procedures in the brain and heart under direct, intra-procedural magnetic resonance imaging guidance primarily in the United States. The company offers ClearPoint system, a neuro intervention system that is used to perform minimally invasive surgical procedures in the brain. It is also developing ClearTrace system, a cardiac intervention system for performing minimally invasive surgical procedures in the heart. MRI Interventions, Inc. was founded in 1998 and is based in Memphis, Tennessee.

mri interventions inc (MRIC) Top Compensated Officers

Chairman, Chief Executive Officer and Preside...
Total Annual Compensation: $325.0K
Chief Financial Officer and Principal Account...
Total Annual Compensation: $225.0K
Chief Operating Officer
Total Annual Compensation: $250.0K
Vice President of Business Affairs and Secret...
Total Annual Compensation: $225.0K
Vice President of Global Sales & Marketing
Total Annual Compensation: $283.0K
Compensation as of Fiscal Year 2013.

mri interventions inc (MRIC) Key Developments

UC San Diego Health System Utilizes Platform Capabilities of MRI Interventions' ClearPoint System to Conduct Three Procedures on a Single Patient

MRI Interventions, Inc. announced that neurosurgeons at UC San Diego Health System have utilized the ClearPoint(R) system's platform capabilities to facilitate three same-setting MRI-guided neurosurgical procedures for a single patient. The team, led by Clark C. Chen, MD, PhD, vice-chairman of Academic Affairs for the Division of Neurosurgery at UC San Diego School of Medicine, biopsied a patient's brain tumor, aspirated a fluid-filled section of the tumor, and ablated the tumor, all under real-time MRI guidance enabled by the ClearPoint system in the hospital's diagnostic MRI suite. Utilizing conventional techniques, the three surgeries likely would have been split between two or three different settings and required the patient to be moved between the neuro OR and diagnostic MRI suite. The ClearPoint system, however, enables placement of multiple devices along the same trajectory, as well as facilitates intraoperative adjustments with real-time visual verification to accommodate multiple trajectories as necessary, all within a hospital's standard diagnostic MRI scanner. Using the ClearPoint system for the biopsy, Dr. Chen was able to see and select the tumor at its location within the brain, establish the desired trajectory to the tumor with MRI Interventions' SmartFrame(R) targeting device, and visualize the biopsy needle as it was inserted into the desired region of the tumor, confirming with real-time MRI that the sample was removed from the targeted location. Next, Dr. Chen was able to adjust the trajectory in order to aspirate a fluid-filled section of the tumor, monitoring the tumor's changing size and shape under MRI guidance as the fluid was removed. Dr. Chen then utilized the ClearPoint system to target the reduced tumor, visualize the placement of a laser catheter as he inserted it into the tumor, and confirm placement of the catheter at the desired location for ablation. Finally, when intraprocedural MRI showed that a portion of the tumor was irregularly shaped, he was able to once more adjust the SmartFrame targeting device to reposition the catheter so that he could ablate the final segment of the tumor. The ClearPoint system is the only technology to enable minimally-invasive neurosurgery under continuous MRI guidance. In addition to brain biopsy and the placement of shunts and laser ablation catheters, the ClearPoint system is also being utilized to place electrodes in the brain.

MRI Interventions, Inc. Announces Unaudited Earnings Results for the Second Quarter and Six Months Ended June 30, 2014

MRI Interventions, Inc. announced unaudited earnings results for the second quarter and six months ended June 30, 2014. For the quarter, the company reported total revenues were $1,188,904 compared to $562,489 for the same period a year ago. Operating loss was $2,215,588 compared to $2,178,296 for the same period a year ago. Net loss was $1,593,100 or $0.03 per basic and diluted share compared to net loss of $1,351,932 or $0.02 per basic and diluted share for the same period a year ago. For the six months, the company reported total revenues were $2,011,435 compared to $1,826,688 for the same period a year ago. Operating loss was $23,561,588 compared to $3,545,328 for the same period a year ago. Net income was $1,037,302 or $0.02 per basic and diluted share compared to net loss of $2,175,680 or $0.04 per basic and diluted share for the same period a year ago. The Company had a cash balance of $4.1 million at June 30, 2014.

MRI Interventions, Inc. to Report Q2, 2014 Results on Aug 07, 2014

MRI Interventions, Inc. announced that they will report Q2, 2014 results at 5:00 PM, Eastern Standard Time on Aug 07, 2014

 

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