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Imricor Medical Systems, Inc. (ASX: IMR) Expands into Middle East

ClubAI 9:31 am

Middle East Expansion

Imricor Medical Systems, Inc. (ASX: IMR) has achieved a significant milestone with its first purchase order for medical equipment and consumables in Qatar. This development initiates the rollout of iCMR labs in the Middle East, supported by their exclusive distributor, East Agency WWL, under a five-year agreement.

The decision to establish a presence in Qatar follows the attainment of regulatory approvals in both Qatar and Saudi Arabia in 2024. Imricor aims to introduce MRI-guided ablations to prominent hospitals across this new market. The first shipment of capital equipment and consumables marks an important step in Imricor’s mission to offer MRI-guided interventions at cardiac centres worldwide.

CEO Comments

Steve Wedan, Chair and CEO of Imricor, expressed excitement about this expansion. He stated, “The Middle East is an exciting market for Imricor where there is a focus on adopting leading healthcare technologies supported by world class physicians. We are looking forward to establishing the first iCMR lab in Qatar and expanding into Saudi Arabia and beyond in 2025.”

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Motley Fool contributor Matt Burgess has no position in any of the stocks mentioned. The Motley Fool Australia's parent company Motley Fool Holdings Inc. has no position in any of the stocks mentioned. The Motley Fool Australia has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.

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