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BTI gets $15 million equity investment
Magnetic source imaging developer Biomagnetic Technologies of San Diego received a $15 million capital infusion this month from the sale of stock to European investors. Some of the funds will be used to pay off $2 million in working capital loans from
Magnetic source imaging developer Biomagnetic Technologies of San Diego received a $15 million capital infusion this month from the sale of stock to European investors. Some of the funds will be used to pay off $2 million in working capital loans from Swiss shareholder Dassesta International, while the rest will be used to put the company on sounder financial footing as it seeks clinical acceptance for its Magnes 2500 Whole Head systems. BTI now has $13 million in cash, according to the company.
BTI also reported financial results for the second quarter (end-June), in which the firm dipped into the red on lower revenues. For the period, BTI had revenues of $616,000, compared with $5.3 million in the second quarter of 1997. The company's net loss was $1 million in the most recent period, compared with net income of $766,000 in the same period a year ago. BTI's backlog stands at $3.4
million.
Assessing MACE Risk in Women: Can an Emerging Model with SPECT MPI Imaging Have an Impact?
December 9th 2024In research involving over 2,200 women who had SPECT MPI exams, researchers found that those who had a high score with the COronary Risk Score in WOmen (CORSWO) model had a greater than fourfold higher risk of major adverse coronary events (MACE).
