Magnetic Insight Announces New CEO, $3 Million in New Grant Funding
ALAMEDA, Calif., April 11, 2024 /PRNewswire/ -- Magnetic Insight, the global leader in magnetic particle imaging (MPI), has announced several recent developments that bolster their leading position in the MPI space, including the appointment of Chris A. Raanes as the company's new CEO effective February 21st, a joint grant with The University of California at Berkeley to dramatically improve the spatial resolution of MPI, and an NIH grant to drive the sensitivity of MPI to the physics limits.
- Magnetic Insight specializes in MPI, an innovative tracer imaging technology that offers the sensitivity of nuclear medicine without using radioactive tracers.
- Magnetic Insight is primed to make significant advancements in MPI technology, opening doors to a wide range of applications for a variety of medical conditions.
- "I'm honored to join the Magnetic Insight team, especially at such a pivotal time for groundbreaking research and advancements in the MPI space," said Raanes.
- Magnetic Insight was also awarded a multi-million-dollar NIH Phase II Small Business Innovative Research (SBIR) grant to develop the engineering underpinning their clinical MPI imaging platform development.