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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.

35 Employees
Last Reported Date: 03/28/14
Founded in 1998

mri interventions inc (MRIC) Top Compensated Officers

Chairman and Chief Executive Officer
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

MRI Interventions, Inc. Announces Board Appointment

MRI Interventions, Inc. announced that Mr. Francis P. Grillo will serve as the company's President effective October 6, 2014 and will also serve as the company's Chief Executive Officer effective January 1, 2015. As of January 1, 2015, Kimble L. Jenkins, the company's current Chief Executive Officer and President, will serve as the Company's Executive Chairman. Mr. Grillo, age 52, has served as Vice President, Marketing and New Business Development of Intuitive Surgical, Inc., a publicly-traded medical technology company, since August 2008. Before joining Intuitive Surgical, Mr. Grillo worked for Kyphon Inc. from February 2006 to June 2008, most recently as Vice President, Marketing and Business Development. Kyphon was a publicly-traded medical technology company prior to its acquisition by Medtronic, Inc. in November 2007. Prior to Kyphon, from September 1996 to January 2006, Mr. Grillo held various positions at Boston Scientific Corporation, most recently as Vice President, Marketing, Women's Health, Urology/Gynecology Division.

Pascal E.R. Girin Joins MRI Interventions, Inc.'s Board of Directors

MRI Interventions, Inc. announced that Pascal E.R. Girin has joined its Board of Directors. Mr. Girin has served as Executive Vice President and Chief Operating Officer of Wright Medical Technology, Inc. since November 2012. Prior to joining Wright Medical, Mr. Girin served in top management positions at Keystone Dental, Inc., first as Chief Operating Officer from October 2010 to February 2011, and then as Chief Executive Officer from February 2011 to June 2012 when the company successfully merged with Southern Implants Inc.

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.


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