WINTER PARK, Fla., April 27 /PRNewswire/ -- IRadimed Corporation announces today the successful closing of its $1.5 million first round of private placement financing. "The funds will propel IRadimed Corp.'s production and marketing phase," said the company's founder and president, Roger Susi. Mr. Susi formed IRadimed Corporation in early 2004 shortly after departing Invivo Research, a leader in MR patient monitoring, which he founded in 1980. "Our focus shall remain in the development of supporting equipment to the MR suite, capitalizing on our pioneering expertise in this field," Mr. Susi states. IRadimed Corp.'s management team has over 60 years combined experience in the development and marketing of medical devices for the MRI environment.
Mr. Todd Weber recently joined the management team, bringing over 16 years of IV fluid delivery business experience. "His experience with one of the largest providers of IV infusion pumps and safety software will complete IRadimed Corp.'s competency and maximize our success with the highly specific niche market for MR IV pumps," according to Mr. Susi.
IRadimed Corporation recently was granted 510(k) clearance from the United States Food and Drug Administration (FDA) for its MRidium MRI Infusion Pump, the first "non-magnetic" smart infusion pump designed for the magnetic resonance (MR) environment, enabling patients to receive intravenous medications safely and continuously during the course of a scanning procedure. The unique non-magnetic motor used in the MRidium pump allows safe and accurate infusion while in close proximity to the MRI scanner. MRidium MRI Infusion Pump is now available in the U.S. and limited worldwide markets; it will be featured at IRadimed's booth (604) at the International Society for Magnetic Resonance in Medicine in South Beach, May 7-13, 2005, and at the Infusion Nurses Society Annual Meeting (booth 418) in Ft. Lauderdale, May 15- 18, 2005.
IRadimed Corporation specializes in the development of non-magnetic smart infusion therapy products designed for the MRI environment. The President of IRadimed Corporation is the pioneering entrepreneur who designed and developed the world's first and best-selling MRI monitoring system.
http://www.iradimed.com/ For additional information, contact: Todd Weber Vice President Sales and Marketing 407-677-8022 Ext. 212 tweber@iradimed.com
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IRadimed CorporationCONTACT: Todd Weber, Vice President Sales and Marketing, IRadimedCorporation, +1-407-677-8022 Ext. 212, tweber@iradimed.com
Web site: http://www.iradimed.com/