MRI firm Caprius posted a sharply lower net loss for its first quarter (end-December) this year than last, thanks in part to a $1.1 million payment to settle MRI patent litigation. The Wilmington, MA, company is still low on cash, however, and must find
MRI firm Caprius posted a sharply lower net loss for its first quarter (end-December) this year than last, thanks in part to a $1.1 million payment to settle MRI patent litigation. The Wilmington, MA, company is still low on cash, however, and must find a buyer for its Aurora MR mammography program in order to continue operations.
For the quarter, Caprius posted revenues from patient services of $1.1 million, compared with $842,000 in the same period a year ago. The company did not record any Aurora sales in the quarter. In fact, the firm lacks cash to manufacture more Aurora units or conduct further R&D, according to the vendors Securities and Exchange Commission 10-Q filing.
Caprius reported a net loss for the quarter of $199,000, down sharply from the $8.7 million loss reported in the first quarter of 1998. Much of the loss for the prior quarter was due to a $7.2 million charge for purchased R&D related to the 1997 merger between the companies that formed Caprius, Advanced NMR and Advanced Mammography Systems. In the most recent quarter, Caprius netted $1.1 million to settle payment claims related to Aurora from an unnamed MRI manufacturer.
Despite the lower net loss, Caprius will remain in dire straits if it doesnt find a buyer for the Aurora program. A proposed deal with venture capital firm Mi3 fell through in December (SCAN 1/13/99) and since then Caprius has been looking for other potential partners. Caprius had $1.5 million in cash as of Dec. 31, but the companys situation has prompted its auditor to issue a going concern statement, casting doubt on its future viability if Aurora isnt divested.
Emerging AI Algorithm Shows Promise for Abbreviated Breast MRI in Multicenter Study
April 25th 2025An artificial intelligence algorithm for dynamic contrast-enhanced breast MRI offered a 93.9 percent AUC for breast cancer detection, and a 92.3 percent sensitivity in BI-RADS 3 cases, according to new research presented at the Society for Breast Imaging (SBI) conference.
The Reading Room Podcast: Current Perspectives on the Updated Appropriate Use Criteria for Brain PET
March 18th 2025In a new podcast, Satoshi Minoshima, M.D., Ph.D., and James Williams, Ph.D., share their insights on the recently updated appropriate use criteria for amyloid PET and tau PET in patients with mild cognitive impairment.
Can Abbreviated Breast MRI Have an Impact in Assessing Post-Neoadjuvant Chemotherapy Response?
April 24th 2025New research presented at the Society for Breast Imaging (SBI) conference suggests that abbreviated MRI is comparable to full MRI in assessing pathologic complete response to neoadjuvant chemotherapy for breast cancer.
Clarius Mobile Health Unveils Anterior Knee Feature for Handheld Ultrasound
April 23rd 2025The T-Mode Anterior Knee feature reportedly offers a combination of automated segmentation and real-time conversion of grayscale ultrasound images into color-coded visuals that bolster understanding for novice ultrasound users.