Why is Imricor (ASX:IMR) trading high in today’s session? 

3 min read | March 31, 2022 08:03 PM PDT | By Aditi Sarkar

Highlights

  • Policlinico Casilino becomes the first site in Italy to adopt Imricor’s iCMR ablation solutions.
  • Imricor now has 15 sites across the European region.
  • Additional sites are advancing well to begin real-time iCMR guided ablations with Imricor’s products.
  • Imricor has partnered with a world-class firm to access defibrillator for its planned ventricular tachycardia ablation clinical trial.

Shares of Imricor Medical Systems, Inc. (ASX:IMR) are riding high on the ASX charts today following a crucial update. IMR shares jumped by over 4.6% to AU$0.680 at AEDT 12:30 PM after the innovative MRI-compatible medical devices developer announced its first site in Italy.

Imricor is a worldwide leader in real-time iCMR cardiac ablation products and is headquartered in the US. It is the only company in the world that can provide iCMR ablation equipment and catheters.

First Imricor iCMR ablation solutions site in Italy

Policlinico Casilino in Rome, Italy, adopted the company’s iCMR ablation solutions, bringing the total number of Imricor sites in Europe to 15. This is the company’s first site in Italy.

The company has signed a pricing agreement with Policlinico Casilino that sets the pricing for its products and has a preliminary term of one year.

The agreement is a remarkable strategic goal of Imricor for expanding the number of sites performing real-time iCMR cardiac ablation procedures in Europe. Planning is underway to start operations in the second quarter of 2022.

Additional Imricor sites making headway

Switzerland-based Lausanne University Hospital (CHUV) has started constructing an iCMR lab, likely to be a research and training centre of excellence. The lab would enable physicians to learn iCMR ablation techniques.

The hospital is consulting with Imricor on the design specifics.  

In Germany, construction of another iCMR lab is on the cards. This lab is expected to be operational in the fourth quarter of 2022.

Do read: From IMC to ALA: Healthcare stocks with best YTD returns

Imricor gearing up to provide MRI-compatible equipment for VT

Ventricular Tachycardia (VT) is a problem with the heart rhythm (arrhythmias). Imricor’s next step is to market its products for the treatment of VT.

The company recently signed a development agreement with Mammendorfer Institut Für

Physik Und Medizin GmbH (MIPM). The Germany-based company is an established manufacturer of MRI-compatible monitoring equipment and has recently developed an MRI-compatible defibrillator in consultation with Imricor.

Imricor will collaborate with the firm for product development and clinical trials, including the upcoming VT trial. MIPM will provide its defibrillator for the trial, the last piece of equipment and critical for real-time iCMR ablations of VT.

Also read: How have REG, CSL share prices fared after budget’s healthcare boost?


Disclaimer

The content, including but not limited to any articles, news, quotes, information, data, text, reports, ratings, opinions, images, photos, graphics, graphs, charts, animations and video (Content) is a service of Kalkine Media LLC (Kalkine Media, we or us) and is available for personal and non-commercial use only. The principal purpose of the Content is to educate and inform. The Content does not contain or imply any recommendation or opinion intended to influence your financial decisions and must not be relied upon by you as such. Some of the Content on this website may be sponsored/non-sponsored, as applicable, but is NOT a solicitation or recommendation to buy, sell or hold the stocks of the company(s) or engage in any investment activity under discussion. Kalkine Media is neither licensed nor qualified to provide investment advice through this platform. Users should make their own enquiries about any investments and Kalkine Media strongly suggests the users to seek advice from a financial adviser, stockbroker or other professional (including taxation and legal advice), as necessary. Kalkine Media hereby disclaims any and all the liabilities to any user for any direct, indirect, implied, punitive, special, incidental or other consequential damages arising from any use of the Content on this website, which is provided without warranties. The views expressed in the Content by the guests, if any, are their own and do not necessarily represent the views or opinions of Kalkine Media. Some of the images/music that may be used on this website are copyright to their respective owner(s). Kalkine Media does not claim ownership of any of the pictures/music displayed/used on this website unless stated otherwise. The images/music that may be used on this website are taken from various sources on the internet, including paid subscriptions or are believed to be in public domain. We have used reasonable efforts to accredit the source (public domain/CC0 status) to where it was found and indicated it, as necessary.


Sponsored Articles


Investing Ideas

Previous Next