BTI cuts work force in restructuring

Article

Magnetic source imaging developer Biomagnetic Technologies ofSan Diego has implemented a restructuring that includes layingoff 16 employees. The firm said that it was taking the steps dueto "lower short-term market projections" for its

Magnetic source imaging developer Biomagnetic Technologies ofSan Diego has implemented a restructuring that includes layingoff 16 employees. The firm said that it was taking the steps dueto "lower short-term market projections" for its products.

BTI posted a series of losing quarters through 1996, due toshipment delays for its Magnes 2500 WH system. At the same time,however, it has also accumulated a record backlog.

BTI expects to complete development of Magnes 2500 WH in thenext several months, at which time it expects to let go another28 employees as an additional cost-cutting measure.

As part of the changes, Scott Buchanan has assumed the responsibilitiesof president from James Schumacher, who remains chairman and CEO.Buchanan also assumes the COO title.

Newsletter

Stay at the forefront of radiology with the Diagnostic Imaging newsletter, delivering the latest news, clinical insights, and imaging advancements for today’s radiologists.

Recent Videos
SNMMI: Emerging PET Insights on Neuroinflammation with Progressive Apraxia of Speech (PAOS) and Parkinson-Plus Syndrome
Improving Access to Nuclear Imaging: An Interview with SNMMI President Jean-Luc C. Urbain, MD, PhD
SNMMI: 18F-Piflufolastat PSMA PET/CT Offers High PPV for Local PCa Recurrence Regardless of PSA Level
SNMMI: NIH Researcher Discusses Potential of 18F-Fluciclovine for Multiple Myeloma Detection
SNMMI: What Tau PET Findings May Reveal About Modifiable Factors for Alzheimer’s Disease
Emerging Insights on the Use of FES PET for Women with Lobular Breast Cancer
Can Generative AI Reinvent Radiology Reporting?: An Interview with Samir Abboud, MD
Mammography Study Reveals Over Sixfold Higher Risk of Advanced Cancer Presentation with Symptom-Detected Cancers
Combining Advances in Computed Tomography Angiography with AI to Enhance Preventive Care
Study: MRI-Based AI Enhances Detection of Seminal Vesicle Invasion in Prostate Cancer
Related Content
© 2025 MJH Life Sciences

All rights reserved.