By using this site, you agree to the Privacy Policy and Terms of Use.
Accept
Health Works CollectiveHealth Works CollectiveHealth Works Collective
  • Health
    • Mental Health
    Health
    Healthcare organizations are operating on slimmer profit margins than ever. One report in August showed that they are even lower than the beginning of the…
    Show More
    Top News
    photo of hands with blue veins
    8 Proven Tips on Finding Difficult Veins
    November 12, 2021
    tips for getting over the pandemic blues
    4 Proven Ways to Get Over the Pandemic Blues
    February 22, 2022
    medical industry innovations
    How is CNC Machining Transforming the Medical Industry?
    June 2, 2022
    Latest News
    Grounded Healing: A Natural Ally for Sustainable Healthcare Systems
    May 16, 2025
    Learn how to Renew your Medical Card in West Virginia
    May 16, 2025
    Choosing the Right Supplement Manufacturer for Your Brand
    May 1, 2025
    Engineering Temporary Hospitals for Extreme Weather
    April 24, 2025
  • Policy and Law
    • Global Healthcare
    • Medical Ethics
    Policy and Law
    Get the latest updates about Insurance policies and Laws in the Healthcare industry for different geographical locations.
    Show More
    Top News
    Doctors on Google: Manhattan Research Survey 2012
    July 23, 2012
    HealthCare’s Need for Transparency Goes Far Beyond Pricing
    December 10, 2012
    Medicare Payments to Providers Are Carved, Sliced and Chopped by Sequestration
    March 25, 2013
    Latest News
    Building Smarter Care Teams: Aligning Roles, Structure, and Clinical Expertise
    May 18, 2025
    The Critical Role of Healthcare in Personal Injury Recovery: A Comprehensive Guide for Victims
    May 14, 2025
    The Backbone of Successful Trials: Clinical Data Management
    April 28, 2025
    Advancing Your Healthcare Career through Education and Specialization
    April 16, 2025
  • Medical Innovations
  • News
  • Wellness
  • Tech
Search
© 2023 HealthWorks Collective. All Rights Reserved.
Reading: MRI Intervention’s Clearpoint Technology: The Future of MRI-Guided Surgery?
Share
Notification Show More
Font ResizerAa
Health Works CollectiveHealth Works Collective
Font ResizerAa
Search
Follow US
  • About
  • Contact
  • Privacy
© 2023 HealthWorks Collective. All Rights Reserved.
Health Works Collective > Technology > Medical Innovations > MRI Intervention’s Clearpoint Technology: The Future of MRI-Guided Surgery?
Medical InnovationsNewsRadiologySpecialtiesTechnology

MRI Intervention’s Clearpoint Technology: The Future of MRI-Guided Surgery?

HerinaAyot
Last updated: August 22, 2021 6:37 pm
HerinaAyot
Share
5 Min Read
SHARE

 

Editor’s Note: OneMedPlace will be offering Special Reports on especially significant developments from emerging growth companies.  The first of these reports focuses on MRI Intervention, the maker of MRI guided technology with the potential to transform brain related procedures. On Monday, May 21, the company began trading as a public company under stock symbol MRIC. The stock opened at just under a dollar and has been on an upward trajectory, currently trading at $1.35 on the Bulletin Board.

Siemens, BrainLab, and Boston Scientific have partnered with a company with the first FDA-approved technology that allows surgeons to see, in real-time, into a patient’s brain during any of the 2.2 million minimally-invasive neuro procedures that happen every year in the U.S.

According to Mermaid Beach Radiology, this technology, a suite of hardware, software, and disposable components, is designed to fully-integrate into a hospital’s existing MRI infrastructure and has already been vetted by leading centers across the country: USFC, John Hopkins, and at least a dozen others.
It has also received a CE-mark, the equivalent of an FDA-clearance, in Europe.

More Read

What are the Best Types of Shoes to Wear for Plantar Fasciitis?
Everything You Need to Know about Portable Pulse Oximeter
The Basics of TBIs and the NFL
What Is Sleep Anxiety? Here’s How To Manage It
Alternatives to Scrapping 510(k)

The technology has the potential to change the economics of brain-related procedures for hospitals by slashing average procedure time in half, improving accuracy, and allowing for patients to be under anesthesia during their own surgery. With these advantages, hospitals would be able to treat a larger patient population, cut costs, and enjoy greater margins on each procedure. Insiders say it also provides a clear benefit to patients undergoing surgery.

This technology, called ‘ClearPoint’ was featured on the cover of ‘The Journal of Operative Neurosurgery’ in March of this year. On Monday, May 21,  MRI Interventions, the maker of MRI-guided technology for minimally invasive neurosurgery, began trading as a public company under stock symbol ‘MRIC.OB’. As investors learn of the company changing the face of MRI-guided procedures (not just neurosurgeries, as we’ll discuss later), insiders believe the gap between ‘fair value’ and today’s valuation will narrow.

Here’s an abbreviated look at how analysts are valuing this company:

–ClearPoint is covered under existing reimbursement codes, which pay a hospital an average of $25,000 per procedure.
MRI Interventions sells ClearPoint hardware & software close to breakeven at $180,000; it’s disposable components at $7300 per procedure. This is a razor & blades model where a company sees recurring revenue from the 2.2MM procedures that take place every year – in the United States, alone.

–At 1% penetration, sales of ClearPoint disposable components total $160MM. The gross margins on these sales are expected to fall between 60% and 75%, or higher – if the company realizes economies of scale.

–Fixed costs would remain largely unchanged, with the bulk of expenses falling under supporting costs (selling, general and administrative) related to the quantity of product sold. The consensus is calling for a profit margin of 25% of gross sales (in line with industry average). This means that on sales of $160MM, the company would earn $40MM.

The industry assigns an average 14.31 multiple on earnings which would value the company at $572MM, or more than 10X the current valuation.

Looked at another way, MRI Interventions is trading at a 90% discount to what insiders believe the company can be worth in 12 months.

MRI Intervention’s partnerships with BrainLab, Siemens Health, and Boston Scientific could allow the company to aggressively expand their market share in the U.S. and Europe.

Boston Scientific will also play an important role in paying MRI Interventions incremental royalties on sales of products where the device-giant is implementing MRI’s technology. The company believes this deal should return significant cash-flows to investors, over and above projections made with sales of the ClearPoint system and components.

MRI Interventions is also developing a system called ‘ClearTrace’ to improve minimally-invasive cardiac procedures.

TAGGED:MRI-guided surgery
Share This Article
Facebook Copy Link Print
Share

Stay Connected

1.5kFollowersLike
4.5kFollowersFollow
2.8kFollowersPin
136kSubscribersSubscribe

Latest News

Clinical Expertise
Building Smarter Care Teams: Aligning Roles, Structure, and Clinical Expertise
Health care
May 18, 2025
Grounded Healing: A Natural Ally for Sustainable Healthcare Systems
Grounded Healing: A Natural Ally for Sustainable Healthcare Systems
Health
May 15, 2025
Learn how to Renew your Medical Card in West Virginia
Learn how to Renew your Medical Card in West Virginia
Health
May 15, 2025
Dr. Klaus Rentrop Shares Acute Myocardial Infarction heart treatment
Dr. Klaus Rentrop Shares Acute Myocardial Infarction
Cardiology
May 13, 2025

You Might also Like

Specialties

Treating Dental Anxiety With Natural Remedies Like CBD

February 15, 2019
BusinessTechnology

Opening Your Own Private Medical Practice in the Digital Age

June 9, 2018

5 of the Coolest Healthcare Tech Initiatives of the Past Five Years

March 21, 2014
Home HealthTechnologyWellness

How To Improve Mental Health With The Help of Technology

May 20, 2019
Subscribe
Subscribe to our newsletter to get our newest articles instantly!
Follow US
© 2008-2025 HealthWorks Collective. All Rights Reserved.
  • About
  • Contact
  • Privacy
Welcome Back!

Sign in to your account

Username or Email Address
Password

Lost your password?