Hyperfine, Inc. (Nasdaq: HYPR) is thrilled to take part in the momentous collaboration between the International Society for Magnetic Resonance in Medicine (ISMRM) and the Bill & Melinda Gates Foundation. As the first magnetic resonance imaging technology partner, Hyperfine proudly contributes its groundbreaking Swoop® system, the world’s first FDA-cleared portable magnetic resonance brain imaging system, to the advancement of education.
The ISMRM, a non-profit organization devoted to furthering MR research and its application in clinical practice, has formed a collaboration to broaden access to MR imaging and its knowledge. Through this venture, ISMRM hopes to tackle the discrepancy in MR accessibility within low- and medium-income countries (LIMC). To do so, they will offer specialized programs to LIMC professionals, including local neuroimaging capabilities programming and a global mentorship program. This mission will help ensure that all are able to benefit from the advantages of MR imaging.
The ISMRM is driving a revolutionary advancement in global access to brain imaging technology by deploying Hyperfine, Inc.’s Swoop® Portable MR Imaging® system as part of the UNITY project, a Bill & Melinda Gates Foundation-funded initiative focusing on environmental factors influencing early brain development in Sub-Saharan Africa and South Asia. Already, Hyperfine, Inc. has put the Swoop® system in action in Bangladesh, Ethiopia, Ghana, Kenya, Malawi, Pakistan, South Africa, and Uganda – a groundbreaking accomplishment that is sure to make an immense impact on MR brain imaging worldwide.
The ISMRM-Gates Foundation partnership is launching “The Toronto 100,” an initiative that provides the opportunity for one hundred UNITY project members, Africa chapter ISMRM participants, and more to attend the annual meeting in Toronto this year.
Three experts from Hyperfine, Inc., Chief Medical Officer Khan Siddiqui, MD, Senior Research Scientist Megan Poorman, PhD, and Francesco Padormo, PhD, have been recruited to pair with and mentor these attendees throughout the journey. This remarkable chance to benefit from experienced guidance and support is sure to foster successful medical imaging careers for many.
“The ISMRM’s collaboration with Hyperfine, Inc. is a significant milestone in our efforts to level the playing field and to democratize access to MR imaging,” said ISMRM Vice President Derek Jones. “Their portable brain imaging system will be an invaluable resource in enhancing the efforts of our international community.”
“We at Hyperfine, Inc. are delighted to be working alongside leading experts in the field on this revolutionary global initiative, leveraging our Swoop® Portable MR Imaging® system to make a lasting impact. Our technology was benevolently designed with the aim of broadening access to potentially life-saving MR imaging. The ISMRM and UNITY project are a testament to our shared desire to reduce these disparities, and we are thrilled to be part of a venture with such powerful potential. We anticipate seeing remarkable outcomes from this project, directly benefiting patient care around the world.”
About Hyperfine, Inc. and the Swoop® Portable MR Imaging® System
Hyperfine, Inc. (Nasdaq: HYPR) is making waves in the medical world with their groundbreaking Swoop® system—the world’s first FDA-cleared portable magnetic resonance imaging (MRI) system! This innovative device has the capability to provide immediate brain imaging at the point of care and has been approved for use in several countries, including the U.S., Canada, Australia, the U.K., the European Union, and New Zealand. With the help of the Swoop®, physicians can now access invaluable diagnostic results without the need for extended transport or additional imaging resources. The end result? Accessible and reliable brain imaging at the push of a button!
Hyperfine Inc., founded by Dr. Jonathan Rothberg, is dedicated to revolutionizing patient care around the globe with pioneering and clinically significant diagnostic imaging and data solutions. Awarded a top incubator spot in 4Catalyzer, Hyperfine’s team of scientists, engineers, and physicists have been perfecting the Swoop® system: a portable, ultra-low-field MRI technology that makes tranditional costly, stationary MRI technology obsolete. The Swoop® allows for streamlined and convenient patient-side brain imaging, enabling more accessible care than ever before. Hyperfine, Inc. is transforming the neuroimaging workflow and changing the way clinicians can provide care to their patients.
Hyperfine, Inc. (“the Company”) is proud to announce its collaboration with the Bill & Melinda Gates Foundation and the potential for delivering a major impact on healthcare professionals. With this partnership, comes many opportunities for growth, including continued research and development, new commercial plans, and other potential benefits. However, there are many risks associated with these projects and it is important to stay aware of these risks before engaging.
Such risks include the potential failure to obtain market acceptance of our product, Swoop® system, the impact of COVID-19, potential inability to manage growth, and other financial risks and limitations. We urge our investors to carefully consider these risks and all other potential risks that could be associated with the Company moving forward. We look forward to continuing to make progress and reach our goals with these projects.