by Editorial Team | Feb 28, 2024 | General News
The machine developed by the company makes it possible to reduce the costs of MRIs
The great potential of the Valencian startup PhysioMRI makes it a serious contender to become one of the unicorns on which the global investment sector can cast its gaze. “A fact as revolutionary as the possibility of democratizing health by reducing the costs of diagnostics through magnetic resonance imaging has been striking enough to attract attention in the sector,” the company said in a statement.
The tests carried out in recent weeks show that it can be diagnosed for a price 30 times lower than the current price and the endorsement of the Higher Council for Scientific Research (CSIC) gives it that aura of a great unicorn. The first of the machines has already been manufactured and tested on humans, so it will soon be presented at the Valencia facilities.
In the meetings that we are having with investors or in the exhibition that we hold of PhysioMRI, everyone gives us a feeling that we are facing something big, revolutionary and that no one wants to miss, the next unicorn that wants to compete with the Nasdaq companies and that It is also based in Valencia,” explained Alfonso Ríos, founder of PhysioMRI.
“The latest tests carried out make us even more optimistic and see the future with the great milestone that PhysioMRI poses, that of becoming the company that revolutionizes the health sector in its diagnostic field worldwide,” he added.
Ríos heads a team of science and technology professionals in which he contributes his experience in the field of managing successful technology companies. Also as the visible face of this project are the director of the I3M, Professor José María Benlloch, or Joseba Alonso, a doctor in atomic physics with extensive experience in research projects worldwide.
Likewise, within the investment support there are leaders from the world of sports who know first-hand the applications of an MRI machine and its importance for the health of the athlete and people in general. Among them, the Olympic champion with Argentina, Luis Scola, or the silver medalist with Spain in the Olympic Games, Fernando San Emeterio, stand out.
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by Editorial Team | Feb 28, 2024 | General News
The scanner is the first that can be used in racing circuit hospitals, where they have X-ray equipment, but not magnetic resonance imaging.
Last September, a research group from the Institute of Instrumentation for Molecular Imaging (i3M), a joint center of the Higher Council for Scientific Research (CSIC) and the Polytechnic University of Valencia (UPV), presented the first portable magnetic resonance machine on the market, developed together with the spin-off PhysioMRI Tech . It is a low-cost, low-consumption device, spending half as much as a microwave oven, which allows images of arms and legs to be taken in a very short time and with high diagnostic quality.
Two months after its presentation, the portable MRI device will be used during the Valencian Community GP of motorcycling, which will be held starting tomorrow, Saturday and Sunday at the Ricardo Tormo circuit in Cheste .
The machine has been installed in the main operating room of the circuit’s Medical Services room, under the supervision of Dr. Vicente Vila, chief medical officer of the Circuit, and Dr. Ángel Charte, MotoGP medical director. During the competition weekend, it will be available to the fastest pilots on the planet to, if needed, offer a quick and effective diagnosis, proving to be a tool that can radically change trauma diagnoses, the most frequent in the world. of sport.
In the words of Joseba Alonso, CSIC researcher who leads the project, “this is a key step in the evaluation of the versatility of this technology, since in this way it will be possible to quantify the impact it can have on a first-class sporting event.” level”.
“In these first tests, we hope that our system can be used to complement the clinical diagnosis of the Circuit’s medical team, allowing the taking of images of drivers, family members, engineers and team personnel, Circuit and organization workers, marshals. track, etc. Our scanner is the first that can be used in hospitals on racing circuits, where there is usually some X-ray device, but never magnetic resonance imaging,” Alonso highlights. “X-rays offer two-dimensional projections in which hard tissues, such as bones or tendons, stand out. On the contrary, MRI generates three-dimensional reconstructions in which soft tissues, such as muscles and organs, are also visualized.”
“At PhysioMRI Tech we are excited that the first major sporting event using our machine will be the MotoGP Grand Prix, a world-class sporting event,” says Jon Fatelevich, co-founder of the company.
About portable MRI
The device developed at the Valencian research center drastically reduces the cost of magnetic resonance imaging devices, going from one million euros to around 50,000. In addition, it is much lighter, only 250 kilos compared to thousands of current devices. Cost and weight are reduced when going from a superconducting magnet, like those used in large particle physics experiments, to one based on an array of about 5,000 small permanent magnets like those found in refrigerators. “The counterpart is that this lowers the intensity of the magnetic field, and, therefore, the maximum resolution of the image,” Alonso acknowledges. “However, there are many applications where all the resolution provided by very expensive hospital machines is not necessary, and at the same time it opens up a whole new range of possibilities.”
Reducing the magnetic field allows the system developed by i3M to be compatible with situations in which magnetic resonance imaging was automatically ruled out, such as use in the operating room or in the case of patients with pacemakers or tattoos.
In addition, lowering the weight of the device allows the system to be mounted on a cart and have a portable scanner. “Its portability has allowed it to travel comfortably to the circuit, proving itself as a tool that can become another passenger in the great motorcycling circus or any other event with similar characteristics such as the Tour de France or the Formula 1 World Championship.” , highlights Joseba Alonso. In addition, it could also be used in patients’ homes, residences for the elderly or people with reduced mobility, outpatient clinics and small clinics, intensive care areas, emergencies, operating rooms and medical vehicles or field hospitals.
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by Editorial Team | Feb 27, 2024 | General News
Medical Innovation: A Step Forward in Imaging Technology to Improve Access to Healthcare Worldwide PhysioMRI, a leader in MRI technology, is pleased to announce that it has been selected to receive funding from the European Union’s Eurostar program . in collaboration with the German company Barthel HFTechnik GmbH. This partnership aims to develop a lightweight, robust and easily transportable magnetic resonance imaging (MRI) scanner, specifically designed to operate in extreme and difficult to access environments, such as field hospitals, conflict or disaster zones, and rural and remote areas where Conventional MRI scanners are not feasible.
This new MRI scanner will have the ability to provide accurate and timely diagnoses in critical situations, significantly improving healthcare in areas where access to advanced diagnostic technology is limited. Both companies will contribute their experience and technical resources to advance in this field, taking advantage of synergies and promoting the exchange of knowledge between multidisciplinary teams.
“We are excited to partner with Barthel Barthel HF-Technik GmbH on this project that has the potential to revolutionize healthcare in challenging environments,” said Alfonso Ríos Alonso, PhysioMRI company manager.
“Our goal is to develop an MRI scanner that is not only lightweight and transportable, but also highly reliable and accurate, so that it can provide quality medical care anywhere in the world. The alliance between PhysioMRI and Barthel GmbH represents a unique opportunity to promote innovation and strengthen the position of both companies in the international medical technology market.
The results of this project are expected to contribute to the development of more precise and effective medical solutions to improve the quality of life of patients around the world. This project will have applications in a wide range of medical areas, from neuroimaging to musculoskeletal conditions in the extremities. Its robust design and ability to operate in extreme conditions will make it an invaluable tool for doctors and healthcare professionals working in difficult environments.
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