MRI Interventions and Monteris Medical Announce Collaboration to Develop Next-Generation Head Fixation Frames for Laser Ablation Neurosurgery

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IRVINE, Calif., Oct. 12, 2018 (GLOBE NEWSWIRE) -- MRI Interventions, Inc. (OTCQB:MRIC) and Monteris Medical, Inc. today announced a collaborative co-development agreement to provide a next-generation head fixation frame for use in laser ablation neurosurgery. Under terms of the agreement, Monteris will provide a license to intellectual property (IP) and technical development to MRI Interventions, who will in turn develop a joint product including MRI Interventions’ design concepts and IP.  MRI Interventions will also support Monteris with respect to FDA filings. Both companies will market and sell the new head fixation frame to current and future customers; the product will be compatible with the AtamA® Patient Transfer and Head Stabilization System.

“An important part of our four-pillar growth strategy is to partner with other device, biologics and drug companies to provide the best products and workflow possible to enable life-saving and life-altering therapies,” commented Chris Osswald, Portfolio Manager at MRI Interventions. “While precision, accuracy and quality are essential to delivering the best possible outcomes for our patients, efficiency, procedure time and cost is crucial for our hospital customers. By partnering with Monteris on this next-generation head fixation frame project, we believe we can improve the overall patient experience, as well as workflow and time of procedure, helping hospitals to make the most of their time both in the operating room and in the MRI suite. In this case, two companies are better than one, and together we believe we can make a better product than we could individually.”

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Globe Newswire: 13:30 GMT Friday 12th October 2018

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