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Profile: IRadimed Corp (IRMD.OQ)

IRMD.OQ on NASDAQ Stock Exchange Capital Market

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IRADIMED CORPORATION (IRADIMED), incorporated on April 8, 2014, develops, manufactures, markets and distributes Magnetic Resonance Imaging (MRI) compatible products, and provides non-magnetic intravenous (IV) infusion pump systems. The Company operates through development, manufacture and sale of MRI compatible products and IV infusion pump systems for use by hospitals and acute care facilities during MRI procedures segment. The Company's MRidium MRI compatible IV infusion pump system has been designed with a non-magnetic ultrasonic motor, non-ferrous parts and other features in order to deliver anesthesia and other IV fluids during various MRI procedures. Each system consists of MRidium MRI compatible IV infusion pump, non-magnetic mobile stand and disposable IV tubing sets.

The Company's MRidium MRI compatible IV infusion pump system is based upon non-magnetic ultrasonic motor and other non-ferrous parts in order to provide fluid delivery to patients undergoing an MRI procedure. MRI compatible IV infusion pump system includes the 3860+ MRI compatible IV infusion pump, single-use IV tubing sets, a non-magnetic pole and a lithium battery. In addition, it offers optional upgrade systems, including the 3865 Remote Display/Control, 3861 Side Car, Dose Error Reduction System (DERS) and SpO2 monitor. The Company's 3865 MRidium Wireless Remote relays all commands and displays information bi-directionally between the MRI compatible IV infusion pump and the remote control unit. The Company's Side Car Pump Module can be attached to its 3860+ MRidium MRI compatible IV infusion pump to provide a second channel for infusion delivery. The Company's MRidium 3860+ MRI compatible IV infusion pump system also offers Masimo SET SpO2. The iMagox 2460 MRI Pulse Oximeter System uses Masimo SET Technology. The iMagox 2465 Wireless Remote and Display allows for monitoring and control of the MRI Pulse Oximeter from outside the MR scanner room.

MRidium 3860+ MRI Compatible IV Infusion Pump

The Company's MRidium 3860+ MRI compatible IV infusion pump system can operate dependably in the presence of 0.2T to 3T magnets and are operational till the 10,000 gauss-line. The MRidium 3860+ MRI compatible IV infusion pump system has a 10-key numeric input keypad. Its pumping range of 0.1 milliliter per hour to 1,400 milliliter per hour provides a range of fluid flow control. Its range of infusion rates support differing patient needs, including low levels for pediatric sedation, mid-levels for continued IV infusion of medications to critically-ill patients and high levels in the event of emergency situations. Its MRidium 3860+ MRI compatible IV infusion pump system offers a dose rate calculator, bolus dose programming, full alarm settings, and a rechargeable battery with a 12-hour battery life.

MRidium 3860+ IV Tubing Sets

The Company's MRidium 3860+ MRI compatible IV infusion pump system utilizes fluid delivery tubing sets, each known as an IV tubing set. Each use of the Company's MRI compatible IV infusion pump requires a disposable IV tubing set. The Company offers a range of IV tubing sets for varying MRI scenarios and these include its standard spike infusion set, syringe adapter infusion set and extension infusion set. Each of its IV tubing sets is latex-free and Di-Ethylhexyl Phthalate (DEHP)-free. The Company's MRidium 1056 Standard Infusion Set is an infusion set, which features the ability to deliver liquids from either a bottle or IV bag. Its standard infusion set contains two needle-free injection ports and is typically used when starting a new infusion from a bottle or bag. Its MRidium 1057 Syringe Adapter Infusion Set is a syringe adapter IV set that enables users to provide accurate delivery of IV fluids directly from standard syringes. The vented syringe adapter set is used for cardiac medications, anesthesia, and pediatric drug delivery. Its MRidium 1058 Extension Infusion Set is the extension infusion set that allows users to transfer a patient on a non-MRI infusion pump to its MRidium MRI compatible IV infusion pump.

MR IV Pole

The Company offers a functional and weighted non-magnetic IV pole that is designed for mobility within the hospital and the MRI scanner room. The IV pole can support two MRidium MRI compatible IV infusion pumps, each with a side car.

The Company competes with B. Braun, Fresenius Kabi, MIPM Mammendorfer Institut fur Physik und Medizin and Arcomed.

Company Address

IRadimed Corp

1025 Willa Springs Dr
WINTER SPRINGS   FL   32708-5235
P: +1407.6778022
F: +1302.6365454

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