FDA GRANTS FONAR PERMISSION TO
MARKET ITS
FONAR-360º SCANNER
MELVILLE,
NEW YORK, March 22, 2000 -- FONAR Corporation (NASDAQ-FONR),
The Patient-Friendly™ MRI Company, announced today that the
Food and Drug Administration (FDA) has granted the Company permission
to market its FONAR-360º ™ MRI Scanner. With its "no-post" design,
the FONAR 360º ™ is now the most Open and Patient- Friendly™
MRI in the industry. With the entire room decorated with a panoramic
view, a user option, the FONAR-360º™ brings to the public the
first "open sky MRI."
The
Company's new scanner differs from every other MRI scanner by
virtue of its revolutionary magnet configuration. From the patient's
point of view, the new scanner is a full-size room with two
circular structures projecting from the ceiling and the floor,
which are part of the landscape. Unlike other MRIs on the market,
there is no structure - posts, the walls of a tube, or anything
else - between the patient and the walls of the scanner room,
in any direction. Since the patient has an unobstructed view
of the walls in any direction, the entire scanner room - walls,
ceiling, floor, even the poles - can be decorated with the customer's
choice of landscapes. The landscapes are interchangeable to
suit the patient's preference, including one for children and
their mothers, containing familiar nursery rhyme characters.
Thus the patient's experience of the scan will be more like
a trip to the mountains than an MRI scan.
Sol
Ginzburg, vice president of sales, said, "The FONAR- 360º ™
and its "open sky" decor is clearly the most Patient-Friendly™
of all MRIs, and at a field strength of 0.6 Tesla, it makes
exquisite images. We expect this scanner to be a very popular
product for FONAR."
The
magnet design of the FONAR-360º ™ represents the most advanced
application to date of the Company's patented Iron-Circuit™
technology. According to FONAR's president and founder, Raymond
V. Damadian, "The large circular structures that the patient
sees as part of the landscape are the poles of the scanner's
magnet. Normally the magnetic circuit of a FONAR scanner is
completed through steel posts that are clearly visible to the
patient. However, in the case of this scanner, FONAR scientists
and engineers were able to reconfigure and extend the steel
returns, effectively embedding them into the walls, floor and
ceiling of the scanner room. Patients don't realize it, but
when they enter the scanner room, they're literally walking
inside an MRI magnet."
Dr.
Damadian added, "The FONAR-360º ™ is actually the basic platform
for two medical applications, the "open sky" for diagnostic
procedures and the future "interventional 360º" for MRI-guided
interventions. With the scanner's unrestricted access to the
patient and room enough for an entire surgical team and all
their equipment, it can easily be equipped for approved MRI-guided
interventional procedures. I believe it won't be long before
our innovative customers assemble MRI-compatible interventional
instruments that are already FDA-approved for MRI-guided interventions
in order to capitalize on the uniqueness of this full- access
scanner. We are very excited about the benefit these new scanners
can bring to the diagnosis and intervention in serious diseases
such as cancer. When dramatic medical breakthroughs come from
this technology, as I expect they will, reimbursements will
follow."