MRI Interventions to Shutter Memphis Plant and Lay Off All Workers

MRI Interventions (OTC:MRIC) said it plans to shutter its plant in Memphis in May and lay off all the workers there as the consolidates in Irvine, Calif.

MRI Interventions makes MRI-guided devices for brain and heart procedures, including the ClearPoint brain electrode placement system. The company said it's making the move West to "enhance executive communications, streamline processes related to the commercialization of the ClearPoint system, and reduce ongoing costs."

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