Fischer Medical Ventures Limited has informed the Exchange regarding a press release dated July 21, 2025, titled "Transforming Diagnostic Imaging: Chennai s First High-Resolution Open MRI Inaugurated at Sunray Scans a unit of Orthomed Hospital".
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Fischer Medical Ventures Limited's wholly-owned subsidiary, Time Medical International Ventures (India) Private Limited, has installed Chennai's first High-Resolution Open MRI system at Sunray Scans, a unit of Orthomed Hospital in Royapettah. The PICA Open MRI was inaugurated on July 21, 2025 by Tamil Nadu's Deputy Chief Minister, Thiru Udhayanidhi Stalin, lending high-profile government endorsement to the launch. The system uses High Temperature Superconductor (HTS) coil technology, features an open design to reduce claustrophobia, runs silently, is helium-free and radiation-free, and consumes up to 40% less energy than conventional MRI machines. It can scan patients up to 250 kg and supports brain, spine, and musculoskeletal imaging.
This is a positive brand and credibility milestone for Fischer Medical's subsidiary, signalling commercial deployment of its PICA Open MRI platform. However, no revenue or order-value figures were disclosed, so the immediate financial impact on this small-cap stock remains unclear.