Fonar (MM) (NASDAQ:FONRD)
Historical Stock Chart
From Jun 2019 to Jun 2024
FONAR Corporation (NASDAQ:FONRD), The Inventor of MR Scanning™,
reported that at its May 2007 Annual Meeting, the American College of
Spine Surgeons (ACSS) selected Francis W. Smith, M.D., Professor of
Radiology, University of Aberdeen, Scotland, to present its “Emerging
Technology” CE* lecture. Professor Smith
featured the FONAR UPRIGHT™ Multi-Position MRI
and its benefits in diagnosing spine pathology.
Professor Smith told attendees, “We performed
a peer reviewed study of 63 patients who experienced low back pain and
some radicular leg pain who had previously been undiagnosed by recumbent
MRI scanning. Of the group, significant pathology was found by the FONAR
UPRIGHT™ MRI in 54% of patients that had been
unable to find the cause of their back pain by recumbent MRI. We scanned
all of the patients in the recumbent position, upright neutral, upright
flexion and upright extension position. The important message to spine
surgeons regarding this study is that many pathologies are only evident
in the upright, weight-bearing position. You cannot rely on the
recumbent MRI to determine the pathology that is responsible for your
patient’s back pain.”
When questioned, Professor Smith said he would rather have a diagnostic
picture from an Upright™ MRI that achieves
the diagnosis than a recumbent MRI picture that misses the pathology
altogether.
Richard Holt, M.D., Spine Surgery, P.S.C., of Louisville, Kentucky, a
spine surgeon and attendee of Dr. Smith’s
presentation said, “Dr. Smith gave a very
convincing presentation. The Upright™
Multi-Position™ MRI offers the way to make
the diagnosis in cases that are currently undiagnosable.”
Dr. Raymond Damadian, president and founder of FONAR said, “FONAR
is very pleased by the recognition of the American College of Spine
Surgeons (ACSS) and their members together with their acknowledgement of
the unique value of the FONAR UPRIGHT™ MRI to
the spine surgeon. We especially appreciate recognition by our nation’s
top spine surgeons of the promise FONAR’s
UPRIGHT™ MRI holds for sharply improving
patient surgical outcomes in a field where surgeons often have to settle
for less than optimal surgical results because of the recumbent MRI’s
inability to visualize the pathology they need to see.”
FONAR® was incorporated in 1978, making it
the first, oldest and most experienced MRI manufacturer in the industry.
FONAR introduced the world's first commercial MRI in 1980, and went
public in 1981. Since its inception, FONAR has installed hundreds of MRI
scanners worldwide. Their stellar product line includes the FONAR UPRIGHT™
Multi-Position™ MRI (also known as the
STAND-UP™ MRI), the only whole-body MRI that
performs Full Range of Motion™ Multi-Position™
imaging (mpMRI™) that enables patients to be
scanned in numerous weight-bearing positions, i.e. standing, sitting, in
flexion, extension, and in particular in the position that generates
symptoms so that a picture can be directly obtained of the actual
pathology giving rise to the patient’s
symptoms (e.g. pain). The scanner also performs all the scans of a
conventional MRI with the patients in his usual lie-down position. The
FONAR UPRIGHT™ Multi-Position™
MRI often sees the patient's problem that other scanners cannot because
they are lie-down only. With nearly one half million patients scanned,
the patient-friendly FONAR UPRIGHT™
Multi-Position™ MRI has a near zero
claustrophobic rejection rate by patients. A radiologist said, "FONAR
UPRIGHT™ MRI – No
More Claustrophobia - The Tunnel Is Gone." As another FONAR customer
states, "If the patient is claustrophobic in this scanner, they'll be
claustrophobic in my parking lot." Approximately 85% of patients are
scanned sitting while they watch a 42" flat screen TV. FONAR's latest
MRI scanner is the FONAR 360™, a room-size
recumbent scanner that optimizes openness while facilitating physician
access to the patient. FONAR is headquartered on Long Island, New York,
and has approximately 400 employees.
* Continuing Education
The Inventor of MR Scanning™, Full Range of
Motion™, STAND-UP™,
UPRIGHT™, Multi-Position™,
pMRI™, True Flow™,
and The Proof is in the Picture™ are
trademarks of FONAR Corporation.
Be sure to visit FONAR’s Web site for Company
product and investor information: www.fonar.com.
This release may include forward-looking statements from the company
that may or may not materialize. Additional information on factors that
could potentially affect the company's financial results may be found in
the company filings with the Securities and Exchange Commission.