Time Medical participated in the 110th RSNA Annual Meeting

December 1st – 4th, Time Medical participated in the 110th Radiological Society of North America (RSNA) Annual Meeting held in Chicago. As the largest and most influential event in the radiology industry worldwide, this year's meeting attracted over 40,000 radiologists and hospital administrators, as well as around 670 industry companies participating in the technology and product exhibition.

Time Medical sent a large marketing and sales team to the event, including over 10 sales representatives from the international, U.S., Indian, and South American market departments. The company showcased neonatal MRI, breast MRI, and permanent magnet MRI products at the exhibition. In view of the recent breakthrough in human brain imaging with the 11.7T ultra-high field MRI, Time Medical sets up a dedicated exhibition board to introduce the company's high-temperature superconducting (HTS) MRI technology and 16T biomedical MRI technology.

TM Marketing Team at the 110th RSNA Exhibition

During the exhibition, Time Medical's sales team received customers  and distributors from over 30 countries, including the United States, Canada, Mexico, Italy, the United Kingdom, Denmark, the Netherlands, France, Germany, Sweden, Switzerland, Austria, Serbia, Australia, Argentina, Brazil, Chile, Peru, China, India, Japan, South Korea, Kazakhstan, Pakistan, the Philippines, Vietnam, Saudi Arabia, Turkey, Uganda, the United Arab Emirates, Jordan, and more. Over the four days of the exhibition, there are over 300 radiologists, hospital administrators, and distributors visited TM booth. TM signed over 20 sales MOUs for Pica systems (RSNA does not allow the signing of commercial sales contracts).

Customers and distributors visited TM’s exhibition

Time Medical promoted its first neonatal MRI system comprehensively at this exhibition. The sales team received heads of radiology departments and doctors from more than 20 pediatric hospitals including Penn Medical/Philadelphia Children, Toronto SickKids, BC Children's, Texas Children's Hospital, UT Southwestern Medical Center, Emory Healthcare, Mayo Clinic, The University of Kansas Medical Center, Sydney Children's Hospital, University of Iowa, Cincinnati Kids, Phoenix Children's Hospital, Holtz Pediatric Hospital, Cedars-Sinai, Children's National, and others. TM has received multiple sales MOUs.

Prof. Richard Ehman, former RSNA president and professor at Mayo Clinic

Sodium MR expert, Prof. Fernando Boada of Stanford School of Medicine

Breast MRI expert, Professor Comstock of Cornell University Hospital

During the exhibition, Professor Ma and the executive team of Time Medical met with Professor James Brink, Chairman of the International Society for Strategic Studies in Radiology (ISSSR), and the head of radiology department at Harvard Medical School's MGH/BWH Hospitals. Both agreed to deep collaborations in research and clinical work, including the 14T ultra-high field project, phosphorus imaging, neonatal and breast imaging. Professor Bruce Rosen, Director of the MGH MRI Center, also visited Time Medical's booth to meet with Prof. Ma and Dr. Gao. Both parties planned to jointly launch the world's first 14T human MRI, a significant neuroscience project.
During the conference, Time Medical's executive team held discussions with executives from several multinational medical equipment leaders, including the CEO of Siemens Healthineers’ global MRI division, Canon Medical's global CEO, and GE Healthcare's MRI division technical manager. This year marks the beginning of HTS MRI, and executives from these companies visited Time Medical's exhibition to discuss future developments in HTS magnets and systems, market cooperation, and more with the Time Medical team.

Professor James Brink, Chairman of the Department of Radiology, Harvard Medical School

Professor Bruce Rosen, Director of the Magnetic Resonance Center at MGH, Harvard Medical School

Toshio Takiguchi, Global CEO of Canon Medical, and Michael Harsh, former CTO of GE Healthcare, visited TM’s HTS technology display

During the RSNA conference, Prof. Ma, along with executives from GE Healthcare, Siemens Healthineers, and Canon Medical, were invited to participate in the steering committee meeting of the International Society for Strategic Studies in Radiology (ISSSR). Time Medical's executives also invited to the steering committee meeting of the US Coalition for Imaging and Bioengineering Research (CIBR), where a key topic was full coverage of breast cancer screening in remote areas. Currently, 90% of women in the U.S. can reach a local breast X-ray imaging center within a 30-minute drive, but residents in remote areas still lack this service. Prof. Ma proposed mobile breast MRI screening services to achieve full coverage during the discussion.

Time Medical Exhibited in 2024 ISMRM

10 May 2024 NEWS - Time Medical exhibited in the renowned International Society for Magnetic Resonance in Medicine (ISMRM) Congress held at the Singapore Convention Centre on May 6th - 9th 2024.  The annual conference attracted over 5,000 professionals in the field of magnetic resonance imaging (MRI), with participation from more than 300 companies. The Company showcased its world-first superconducting neonatal MRI system and ultra-high-field biomedical MRI system at this year's conference.

 The development of low-field and ultra-low-field MRI for intraoperative and bedside diagnostics has become a hot topic in the industry in recent years. This year's conference featured a special Plenary Session dedicated to low-field MRI systems and technologies, that sparked extensive attention and discussion among academia and industry experts, implying low-field MRI systems (field strengths below 0.5T) have gradually gained recognition in the medical imaging industry, largely due to their low energy consumption and cost-effectiveness.

 During the exhibition, the international marketing team of Time Medical hosted radiology experts from over 80 hospitals from countries such as the United States, South Korea, Japan, Malaysia, Singapore, Sweden, Canada, Australia, Germany, India, the United Kingdom, Brazil, Ghana and also interacted with several distributors in the region. Time Medical neonatal MRI system attracted the attention of experts from several children hospitals including Toronto Children Hospital, Children's National Hospital (USA), Monash Children Hospital, and Queen Mary Hospital of the University of Hong Kong.  

This year's recipient of the ISMRM Gold Medal Award, Prof. Yi Wang from Cornell Medical College

Time Medical's sales team hosted clients in the Tech Exhibition

Time Medical's team also received MRI experts from prestigious institutions such as Harvard Medical School, Stanford Medical School, Mayo Clinic, and Cornell Medical College to explore collaborations in clinical research in ultra-high field MRI, non-proton imaging, as well as low field MRI.

Prof. Bruce Rosen from Massachusetts General Hospital and Prof. Richard Ehman from Mayo Clinic

Professor Alex Lin, an expert in P MRI from Harvard Medical School

At the conference, Time Medical's executive team met with Mr. Andreas Schneck, the CEO of Siemens Healthineers' MRI division and his team, and had in-depth discussions regarding the collaborative development of next-generation ultra-high-field MRI technology and ultra-low-field MRI systems.

The executive team also had a meeting with Ms. Kelly Londy, the newly appointed CEO of GE Healthcare MRI division and her team.  Kelly has extensive experience in the MRI industry, having worked in the MRI division of GE Healthcare for many years and served as CEO in several medical device companies. After an introduction to Time Medical, Kelly expressed keen interest and inquired about the company's structure, business positioning, and technological roadmap.  Both parties engaged in discussions regarding the potential market and strategic collaborations for low-field products and neonatal products in the future.

Time Medical team in 2024 ISMRM

Johnson presented Time Medical's innovative products at “China Night “event organized by the Chinese Society of MR in Medicine

Time Medical India - Reverse Merger Announcement

15 December 2023 -  Time Medical Holding is pleased to announce the successful reverse merger of its subsidiary company, Time Medical International Ventures (India), with Fischer Chemic Limited listed on the Bombay Stock Exchange (BSE), at a valuation north of US$100 mil.

The acquiring entity will be renamed to Time Medical Digital Health and Imaging Ventures Limited & start trading on BSE, one of the fastest growing stock exchanges.  At the time of the reverse merger, Time Medical Holding holds 51% shareholding, 25% shares was exchanged with Fischer Chemic Limited and remaining shares collectively invested/ funded by its Directors Mr Ravindran Govindan and Mr Shankar Varadharajan.

Time Medical Digital Health and Imaging Ventures Limited's manufacturing facility opened early this year in Andhra Pradesh MedTech Zone (AMTZ), Vishakhapatnam India to produce new generation Magnetic Resonance Imaging (MRI) system & provide a suite of innovative diagnostic imaging solutions to serve the fast growing India as well as global markets. The company will focus on offering comprehensive and dynamic diagnostics solutions including Health ATMs, HIS, EMR and Clinical Management systems using AI & Machine Learning to meet the current needs in the healthcare market.

“We are poised to enter the medical diagnostic imaging industry in this fast-growing and soon to be the largest market with a stronger foothold with this reverse merger, providing us the needed resources to fulfil an overwhelming strong order book in 2024. Our listed company will not just manufacture MRIs but also focus on expanding our healthcare software and solutions including for mental wellness, a multi-billion market. We have already made sales globally including the African and Middle East continent, and will continue to explore regions that are underserve with our innovative solutions at an affordable cost," said the Chairman & CEO of Time Medical Digital Health and Imaging Ventures Limited, Ravindran Govindan. 

Time Medical Participated at the 109th Radiological Society of North America (RSNA) Conference

November 30, 2023 - Time Medical is pleased to have participated in the 109th Radiological Society of North America (RSNA) Conference held in Chicago from November 26 to 29. As the largest and most influential event in the radiology industry worldwide, this year's conference attracted over 38,000 attendees and more than 670 companies, surpassing the scale of the previous year.

Time Medical had the largest booth at the exhibition and showcased its first pediatric magnetic resonance imaging (MRI), breast MRI, and the brand-new 0.4T permanent magnet system.

Time Medical’s booth at the 109th RSNA

During the exhibition, Time Medical's international sales team served distributors and clients from over ten countries including the United States, United Kingdom, France, Australia, Morocco, Switzerland, Germany, Italy, Puerto Rico, Serbia, United Arab Emirates, Canada, Egypt and Argentina, resulting in intentions to purchase over 20 Pica systems.

Distributors from the Middle East region visiting Time Medical's booth

The highlighted products of Time Medical at its exhibition were neonatal MRI and breast MRI, attracting the attention of several American hospitals and imaging diagnostic chains. Time Medical's neonatal MRI and breast MRI received significant interest from radiology department heads, pediatricians, and breast diagnostic directors from institutions such as Stanford School of Medicine and Children's Hospital, Massachusetts General Hospital at Harvard Medical School, University of California San Francisco School of Medicine, University of Pennsylvania Medical School and Children's Hospital, Texas Children's Hospital, Toronto Children's Hospital, Cincinnati Children's Hospital, New York University School of Medicine, University of Michigan Medical School, Mayo Clinic Hospital, and Memorial Sloan Kettering Cancer Center. 5 hospitals expressed their clear intentions to purchase neonatal MRI systems, while 4 hospitals expressed interest in acquiring breast MRI.

Prof. Brian Englander, Chief of Breast Imaging at U Penn

Prof. Michael Recht, Chairman of Radiology Dept of New York University Medical Center

Dr. Comstock, breast screening specialist of MSKCC

A team from the Department of Radiology at the University of California, San Francisco School of Medicine visited TM’s exhibition hall to learn about the company’s innovative MR systems

Prof. Garry Gold, Chairman of Radiology Dept of Stanford

During the conference, Time Medical's executive team also held meetings with executives from leading medical equipment companies, including the global CEOs of Siemens Healthineers and Canon Medical. The company engaged in in-depth discussions with senior executives from Siemens Healthineers' MRI division and the General Manager of Siemens MRI in China regarding future product and business collaborations. Time Medical also held strategic partnership talks with the CEO of PHS, an Italian company. Additionally, the company's executives met with executives from Philips' MRI Unit, the CEO of Resoundant in the United States, and executives from Olea Medical in France to explore opportunities for deep business cooperation.

Time Medical's presence at the 109th North American Radiology Conference has made significant progress, establishing clinical partnerships with top hospitals in the United States and opening up the North American market for pediatric MRI and dedicated breast MRI. Furthermore, the permanent magnet products have received bulk orders from the international market.

Dr. Bernd Montage, CEO of Siemens Healthineers

Siemens Healthineers MRI Team

Dr. Toshio Takiguchi, CEO of Canon Medical

Prof. Steve Messina, Chief of Diagnostic Radiology of Mayo Clinic with Michael Harsh, Yuri, Johnson and Prof. Ma

Announcement of Appointment: Appointment of CEO Asia

Time Medical is pleased to appoint Mr Ravindran Govindan as CEO of Asia, effective immediately. 

Graduated with a law degree from University of Singapore, Ravi is the first angel investor of Time Medical and have since supported the company in fund raising and opening up international markets using his personal network in the region while holding the hat of a board member.

“We are elated to have Ravi’s agreement to take up an active role now to help the company expand globally.   His experience leading billion dollar companies before and his strong background in Medtech industry has been instrumental in helping the company in the last decade.  Having done more than a dozen IPOs and M&A in ASEAN and mentoring numerous Medtech companies particularly in India, we can certainly look to him to help the company build a strong organization of sales and marketing to catch the fast-growing opportunities in Asia medical imaging service, particularly in India and SE Asia." commented Professor Q. Y. Ma, Chairman and CEO of Time Medical.

Time Medical Participated in ISMRM Annual Meeting & Exhibition 2023

June 3rd – 8th 2023 - The International Society for Magnetic Resonance in Medicine (ISMRM) held its annual conference at the Metro Toronto Convention Center in Canada, the first on site MRI industry event after the pandemic, attracting over 6,000 radiologists, researchers, and manufacturer representatives from around the world.  More than 160 companies and medical institutes participated in the exhibition, including Time Medical (TM) and GE Healthcare, Philips and Siemens Healthineers (GPS).

The keynote Ernst Lecture (a Nobel Prize laureate in the MRI field) this year was delivered by Prof. Richard Ehman, the chief radiologist at Mayo Clinic and an advisor to Time Medical. Prof. Ehman is a world-renowned authority in the MRI field and former president of ISMRM. In his speech, he reviewed the development of MRI from science to medical, and pointed out while a new drug takes an average of 14 years from invention to product to clinical application, but innovation cycle in medical imaging is relatively shorter.  E.g. X-ray was used clinically in its second year of invention, and only four years for CT invention to be clinically-ready product. Today's MRI technology, such as parallel imaging is even shorter.  He also shared that the number of disruptive innovative inventions in the past 20 years has been decreasing, and called on the industry to promote disruptive innovation through industry-academia-research collaboration.

Prof. Richard Ehman, the chief radiologist at the Mayo Clinic Group gave a speech

Prof. Richard Ehman, the chief radiologist at the Mayo Clinic Group gave a speech

At the event, a special session on MRI in emerging countries saw experts from Singapore, India, South Africa and Chile introduced the development of MRI imaging service in Southeast Asia, India, Africa and Chile.  Prof. Khong Pek Lan, Dept. Head of Diagnostic Radiology at the National University Hospital in Singapore, presented a clinical survey report on MRI from numerous hospitals in Southeast Asia. The report pointed out that most parts of Southeast Asia such as Indonesia, Philippines, Vietnam and Myanmar lack MRI, radiologists and technologists.  The number of MRI systems per million people in Thailand, Vietnam, Philippines and Indonesia are only 3.1, 2.7, 1, and 0.4 respectively, significantly lower than 38 in United States and 16.8 in Singapore. Furthermore, the cost of MRI diagnosis in these countries is relatively high, ranging from 250 to 400 USD, making it inaccessible for majority.  As such, Prof Khong called on the local government to increase investment to improve the accessibility of medical diagnostic services.

The CEO of an India company gave a talk on the development of India MRI industry and shared that the total installed MRI in India is around 6000 currently and it is expected that there will be over 600 more MRIs to be installed in 2023, showing the huge market growth potential in India. However, the market needs more innovative and cost-effective MRI systems and service, such as mobile imaging.

Prof. Khong Pek Lan, head of the Department of Diagnostic Radiology at the National University Hospital in Singapore and TM Team

During the conference, TM sales team hosted dozens of radiologists and researchers from more than 20 countries across Europe, America and Asia. The company's neonatal MRI system aka NEONA, attracted widespread attention from pediatric radiology experts from institutions such as Harvard Medical School's Massachusetts General Hospital (MGH) and Brigham and Women's Hospital (BWH), Mayo Clinic, Lurie Children's Hospital of Chicago, Toronto Sick Children Hospital, National University Hospital in Singapore, and Memorial Sloan Kettering Cancer Center (MSKCC).  Time Medical also showcased its ultra-high-field 7T/9.4T biomed MRI system, NOVA, which attracted interest and inquiries from several universities in Europe and the US, including Prof. Bruce Rosen of Harvard Medical School's MGH, and Prof. Keith Thulborn, a sodium MRI expert from the University of Illinois at Chicago, who expressed their intention to cooperate.

Dr. Sunitha Thakur, Dr. Katja Pinker from MSKCC radiology dept and TM Team

Prof. Richard Ehmen and his team with TM Team

Harvard Medical School's MGH Prof. Bruce Rosen and his team with TM Team

Prof. Clare Tempany, director of the Radiology Interventional Surgery Center at Harvard Medical School’s BWH and this year's ISMRM gold medal winner with TM Team

On the evening of June 7th, the Oversees Chinese MRI Medical Association (OCMRM) held its 2023 annual meeting in Toronto, attended by more than 200 Chinese MRI experts from around the world. TM was invited to speak at the conference, Mr. Alec Leung, the company's Vice President and International Sales Director, introduced TM's innovative 3B products and high-temperature superconducting MRI technology.

Mr. Alec Leung, the company's Vice President and International Sales Director delivered a speech

Mr. Alec Leung, the company's Vice President and International Sales Director delivered a speech

Siemens Healthineers highlighted the clinical application of 7T whole-body MRI brain imaging at the conference.  Thus far Siemens has installed over 26000 MRI worldwide with over 100 are 7T whole body MRI.  Prof. Ma and TM team met with the new CEO of Siemens Healthineers MRI division and his team (VP of Strategic Development, VP of Marketing, etc.) to discuss in-depth cooperation on the development of innovative products such as ultra-high field MRI and ultra-low field MRI. The CEO of Siemens Healthineers MRI division previously overlook the operation of Siemens' MRI facility in Shenzhen, China, and is familiar with the China market. The two parties will arrange for the Siemens Healthineers team to visit Time Medical's Hong Kong base.

GE Healthcare launched their artificial intelligence deep learning technology, Sonic DL, at the conference which could reduce cardiac MR scan time by 80%. The CEO of GE Healthcare's MRI division visited TM’s booth to examine the neonatal MRI system. The CEO discussed with the TM team on potential partnership, including comprehensive market cooperation on TM’s neonatal MRI, permanent magnet MRI as well as GE's Sonic DL products.

Time Medical Team

Time Medical Invited to Speak in CIBR Annual Conference

15th May 2023 – Time Medical was invited to attend the 2023 Annual Conference of the Coalition for Imaging & Bioengineering Research (CIBR), held at Hall of the States in Washington, D.C.  Representatives from over ten government agencies and social NGO groups, including the National Institutes of Health (NIH), dozens of universities and hospitals, and more than ten medical tech companies were present.  There were three themed roundtable sessions held for “mobile cancer imaging service”, “artificial intelligence (AI) regulations” and “new medical device registration”.

Prof. Q.Y. Ma, CEO of Time Medical (TM) was invited to speak on “mobile cancer imaging service” and also co-chaired the session on mobile cancer diagnosis with Dr. Chris Eusemann, R&D vice president of Siemens Healthineers. Prof. Ma's speech focused on mobile medical community screening service and he also introduced the mobile digital radiography (DR) vehicle screening service launched by TM during the epidemic, to conduct lung examinations on returning students when school re-opened.  Aided with AI, each vehicle could screen & test 1,000 students per day, amongst which, more than 20 out of 5,000 students were diagnosed with tuberculosis and other diseases. Post-epidemic, TM continued to use mobile DR to perform lung screening in communities and remote areas. In Hainan for example, 25,000 residents were screened for lung diseases, and 0.5% of them were detected with lung cancer and tuberculosis. TM’s mobile DR+AI capability became an effective method for lung disease screening in the community.

Prof. Ma also spoke about TM cooperating with Harvard School of Public Health to launch breast cancer magnetic resonance (MR) screening community service projects, using mobile MR diagnosis services developed by TM as a fast and accurate dedicated breast MRI.  Statistic shows in 2022, over 280,000 women in the US were diagnosed with breast cancer, bringing the number of breast cancer patients in US to more than 4 million.  While there are 8,600 mammography centers in the US able to screen 80% (50 million) women over the age of 40 each year, but X-ray-based mammography has relatively low precision and risk of radiation.  More accurate and safer breast cancer screening diagnostic is MRI, but that is more expensive.  TM uses technological innovation and AI to greatly shorten the time taken for breast MRI screening (improving patient throughput), hence could reduce the price of screening down to mammography level of about $100-200 US dollars. Prof. Ma presented the opportunity to the conference communities to cooperate and jointly promote the mobile breast MR screening service to benefit more patients globally.

Prof. Ma's speech aroused interest and active discussions among the participants. Representatives of American Breast Cancer Imaging Society, UC San Diego Medical Center, Anderson Cancer Center, University of Michigan Medical Center, Medical Imaging Data Center, as well as other breast imaging experts expressed their support for this project and keen intention to collaborate.

Prof Ma spoke at the special session on mobile diagnosis of cancer

Prof. Judy Gichoya deliver her speech at the AI medical session

Dr. Qi Duan, Program Director of Health Informatics Division of National Institute of Biomedical Imaging and Bioengineering and Prof. Judy Gichoya, Emory University School of Medicine chaired the AI session.  Prof Gichoya, a strong promotor of AI in healthcare, indicated that the new AI tech such as ChatGPT will inevitably impact our society and healthcare.  Large scale Chat GPT will change the digital healthcare, particularly in medical education and community diagnosis service.

At this meeting, Michael Harsh (TM’s Senior Advisor), Julie Chow (TM’s MD for Global Imaging) and Prof Ma discussed potential collaborations with the representatives of National Institute of Biomedical Imaging and Bioengineering (NIBIB), Food and Drug Administration (FDA), National Institute of Standards and Technology (NIST), Advanced Research Projects Agency for Health (APRA-H), American College of Radiology, Society for Breast Imaging (SBI), Society for Interventional Radiology (SIR), American Academy of Physical Medicine (AAPM), Society for Nuclear Medicine and Molecular Imaging (SNMMI), Brain Aneurysm Foundation, Focused Ultrasound Foundation, Medical Imaging Data Center (MIDRC), and National Health Center Heart Lung and Blood Institute (NHLBI) and other institutions.

Alongside, the 2023 Medical Imaging Technology Showcase was held by CIBR at Rayburn House of Capitol Hill.  Twenty-nine young professors and doctors from first-class universities and hospitals demonstrated the latest research achievements in the fields of cancer imaging, AI, CT, MRI, PET and interventional radiology.  Prof Ma, Michael Harsh and Julie Chow from Time Medical participated in the tech show to discuss in-depth with the AI and breast MR researchers from Harvard Medical School, MSKCC, and UC San Francisco Medical Center. 

The event ended with the Chairman of Brain Aneurysm Foundation, Tom Tinlin sharing his personal story. Tom was a longtime commissioner of Boston Transportation Department and is an aneurysm patient himself. He declared in front of 200 participates in the Rayburn House that “innovative tech of imaging and intervention saved my life” and thanked all the people in the imaging profession for their contribution to the advancement of medical imaging and healthcare service.

Prof Ma, Michael Harsh and Renée L. Cruea (CIBR Executive Director)

PROF MA, TOM TINLIN (BRAIN ANEURYSM FOUNDATION, CHAIRMAN) and CHristine Buckley (Brain ANEurysm Foundation, Executive Director & Board President)

Tom Tinlin, longtime Boston Transit Commissioner gave keynote speech in the Med Tech Show

PICA installation at the Studio Radiologico Federico in Cosenza, Italy

More good news from Time Medical. The PICA installation at the Studio Radiologico Federico in Cosenza, Italy has been completed as well! Customer is happy and satisfied with the image quality from our PICA MRI System. Time Medical is going to install more and more MRI Systems in Italy in the coming months!

#timemedicalsystems #PICAopenMRI #cosenza #openMRI #studioradiologicofederico

First PANION Pro Veterinary MRI in Italy

Time Medical is excited to announce the completion of installation of first PANION Pro Veterinary MRI in Italy. Thanks for Dr. Laporta Luca of Croce Azzurra Veterinaria to believe PHS and Time Medical and install the FIRST Veterinary MRI from Time Medical in Europe and it is the first Veterinary MRI in the Province of Taranto.

The dedicated veterinary MRI from Time Medical comes with dedicated RF coils for animal scanning and the animal scanning software with optimized protocols!

#veterinarymri #veterinarymedicine #veterinaryradiology #veterinaryneurology #veterinarysurgery #timemedicalsystems

Time Medical Participated in the 41st J.P. Morgan Healthcare Conference

On January 9th, The 41st J.P. Morgan (JPM) Healthcare Conference 2023 kicked off its four-day run in San Francisco. This is the largest investment summit in the global healthcare industry, and notably the first in person conference in three years since the Covid-19 outbreak. The conference welcomed roughly 8,000 professionals, representing more than 550 leading biopharmaceutical, medical device and healthcare service companies, as well as medical investment institutions around the world. Time Medical (TM) was invited to participate in the conference, and company representatives included Professor Q.Y. Ma (CEO), Dr. Eric Gao (CTO), Gene Saragnese (Senior Adviser), Dr. Yuri Wedmid (SVP), and Julie Chow (MD).

TM representatives: Julie Chow, Gene Saragnese, Dr. Yuri Wedmid, Prof. QY Ma, Dr. Eric Gao

The first keynote speaker at the conference was Jamie Dimon, CEO of JPM. He talked about the current economy in the United States, the outlook of the healthcare industry, and the challenges faced by medical and healthcare companies. He mentioned that a magnetic resonance imaging (MRI) scan in the US can range from $1,000 to $8,000. During the Q&A session, in response to this speech, Professor Ma said that through innovative technology and artificial intelligence (AI), future MRI scans can be reduced to only the price of ten cups of coffee. It will greatly reduce healthcare costs and enhance medical coverage. Jamie replied: “Digital Technology and AI will be the future for healthcare.”

JPM CEO Jamie Dimon’s speech

At the opening of the keynote session, JPM’s Global Head of Healthcare, Michael Gaito, mentioned that the financing environment for medical industry companies in 2022 was quite challenging, and investors paid special attention to balance sheets and business models. Looking ahead to 2023, he expects margin scale and balance sheet to continue to be very important themes, and sees innovation driving the healthcare industry. During the keynote session, Professor Ma, Gene met with Michael. Professor Ma introduced Time Medical as a company spun off from Columbia University and an innovative leader in medical imaging, and JPM Healthcare Asia team will be the lead sponsor for its listing in Hong Kong Stock Exchange. Michael congratulated Professor Ma and wished TM a successful IPO in the future.

On January 10th, the second day of the conference focused on medical technology, in which the CEOs of GE Healthcare, Siemens Healthineers, and Fujifilm Healthcare gave speeches.

GE Healthcare CEO Peter Arduini said: "Although inflation is serious, customers' demand for medical devices is growing strongly. We are seeing the supply chain environment continue to improve, and the industry outlook is optimistic. Looking forward, technological innovation and AI will be the key to the development of the medical imaging industry.” Peter pointed out that there are three strategies for the company’s development: i) to increase R&D investment, especially differentiated products and digital and AI technologies. GE Healthcare’s R&D investment from 2019 to 2021 has reached US$2.5 billion; ii) mergers and acquisitions (M&A), 4 companies have been acquired since 2020; and iii) strategic investment cooperation. Since 2020, 20 companies have completed equity investment and strategic cooperation. Peter further emphasized that M&A and strategic investment and cooperation are the main drives for the company's future growth.

Afterwards, Professor Ma, Gene and Peter had an in-depth discussion. GE Healthcare listed on Nasdaq on Jan 4th with its shares rising 8% on the same day. Professor Ma congratulated Peter on the success of the listing, and briefed the potential cooperation between TM and GE Healthcare MRI Division.

During the conference, Siemens Healthineers CEO, Bernd Montag, mentioned the company has unique resilience, which is mainly due to the foundation of globalization. Siemens Healthineers will expand existing markets through M&A and explore new markets in emerging countries/regions.

In the Q&A session, Bernd said that the 2020 pandemic did have an impact on the economy, but the medical industry has strong resilience. He indicated: “Economic recession is mainly an issue in the US. We see that many EU countries, China, India and other emerging markets are still growing." Professor Ma asked a question regarding this issue: "Medical and healthcare expenditures in many Asian countries have increased significantly in the past two years, for example India has more than doubled. How much will the revenue of Siemens Healthineers grow in Asia?" Bernd answered that the growth rate in Asia is 6-8%, and pointed out that with the lifting of China's pandemic restrictions this year, China's business growth rate will be higher.

Bernd, Gene, Yuri, and Professor Ma are old friends, and finally met up after three years of the pandemic.  Professor Ma and Bernd also discussed the potential strategic cooperation.

Keynote session at the conference

At the Jan 10th  keynote session, Professor Ma communicated with Dr. Renee Wegrzyn, director of APRA-H (second from left in the picture), and Dr. Robert M. Califf, Director of FDA (third from left in the picture), on the ultra-high-field brain science MR project.

On January 11th, Professor Ma and Amy Raimundo, Managing Director of the Kaiser Permanente Ventures in the US, discussed the breast MR mobile screening service project.

During the conference, the Time Medical team was also invited to participate in several events including the JPM Asia-Pacific reception, the dinner reception jointly organized by the Hong Kong Economic Development in San Francisco and Hong Kong Science Park, and China Night Event organized by M7 Global Biomedical Innovation Alliance.

Time Medical has significantly increased its visibility during this JP Morgan Healthcare Conference. The company not only had in-depth exchanges with the CEOs of global leading medical device companies, it also met with investment institutions from around the globe, which broadened the company's connections to the capital market in preparations for its public listing.

Time Medical Exhibited at the 108th RSNA and Held a Launching Ceremony on Neonatal MRI

Nov 27th - Dec 1st : The Radiological Society of North America’s 108th Scientific Assembly and Annual Meeting (RSNA) is an annual event held in Chicago. It is the largest and most influential international radiology industry conference and exhibition with more than 650 companies participating.  Time Medical (TM) is proud to exhibit in the largest booth in its history, showcasing the company’s innovative Neonatal MRI and Breast MRI.

Time Medical’s booth at the 108th RSNA

The highlight of RSNA this year was AI and breast cancer screening.  There were numerous special reports on AI from about a hundred companies participated in this field.  Prof. Elizabeth Morris, Chair of the Department of Radiology at the University of California, Davis (UCD) and a recognized expert in breast imaging, delivered the first keynote report of the conference on "Saving More Lives". She pointed out that while breast MR is an effective method for the diagnosis of dense breast, only 2% of women in the United States undergo breast MR screening and most of them do not have regular checkups.  Prof. Morris shared her personal experience that although she do mammography and ultrasound breast cancer screening test regularly, during her health checkup early this year, she received a breast cancer diagnosis that were not detected earlier.  Her 4mm invasive lobular tumor was found only after tissue had been removed from her breast during surgery.  As such, Prof. Morris strongly request for radiologists to advocate breast cancer screenings by MRI to save more lives.  "If we can screen for all kinds of cancers early and treat them with minor surgery at an early stage, cancer will become a common disease rather than a fatal one." said Prof. Morris.

During the exhibition, TM sales team hosted more than 100 distributors and potential clients from more than 16 countries including the United States, the United Kingdom, Germany, Portugal, Sweden, Canada, Australia, Argentina, Chile, Peru, Mexico, India, Saudi Arabia, Egypt, Thailand, and South Korea. The team connected with more than a dozen American hospitals and imaging diagnosis chain companies, whom showed strong interest in TM’s breast MRI as an essential modality for early and accurate screening of breast cancer. On the other hand, TM’s neonatal MRI also attracted much attention from various hospitals’ representatives, including Massachusetts General Hospital of Harvard Medical School, Three of top 10 US Children Hospitals (Cincinnati Children Hospital, Stanford Children's Hospital, Colorado Children's Hospital), as well as Cambridge University School of Medicine in the UK, Children Memorial Health in Poland and Children's Health Ireland.

TM executives also met several industrial executives during RSNA, including the CEO of Cannon Medical, the CEO of Siemens MRI Division, the GM of Philips MRI Division, the CEO of Mardamed, the chairman of UAE BPG and the CEO of Cura India etc. to discuss collaboration plans. Mr. Toshio Takiguchi, CEO of Canon Medical Systems visited TM booth to view the Neonatal MRI, and had a meeting with Prof. Ma for potential collaboration in Asia market. Cannon is No. 1 player in Asia medical imaging market and No. 4 globally.

Canon Medical CEO Toshio Takiguchi and Prof. Ma

Time Medical officially launched its neonatal MRI (a.k.a. NEONA) on Nov 29, 2022.  NEONA is the world's first superconducting MRI dedicated to infants, which greatly improves the quality of the diagnosis of newborns. This system was honored with the "Geneva Prize" at the Geneva Invention Congress. TM’s NEONA is light, fast, accurate and safe for it to be installed in the Neonatal Intensive Care Unit (NICU) for precise and radiation-free diagnosis of infants.  Currently there are more than 4,000 NICUs across Europe & US as well as more than 3,000 children's hospitals in Asia.

The NEONA launch ceremony started with Prof. Ma giving the product introduction and summarizing its features into the tagline: "Small and light, fast and safe".  The innovation of NEONA started with the suggestion from 2 top MRI experts - Professor Bradley and Mr. Michael Harsh.  After years of research and development, the prototype of NEONA was completed in 2019.  Affected by the COVID pandemic, the FDA application was delayed until July 2022. Today Time Medical's favorite “child” - NEONA, is finally born!

TM advisor and former GE Healthcare CTO Michael Harsh congratulated the birth of NEONA!  He said: "Today, the industry finally realized the importance of specialized MR, which will open up new markets. I am very happy that TM has made the specialized MR a reality!" Everyone celebrated with ribbon cutting and champagne popping.

The VIP guests who participated in the event included the chair of the Department of Radiology at Mayo Clinic  (the largest hospital group in the US) and former chairman of RSNA, Professor Richard Ehman; former CEO of GE Healthcare MRI Division Mr. Richard Hausmann; Professor Michael Gee, deputy director of the Department of Radiology at Massachusetts General Hospital of Harvard Medical School; Professor Wang Yi, a radiology expert from Cornell University School of Medicine; Mr. Anil Jain, GM of Refex Group in India; Mr. Bala, CEO of Cura India; and distributors from Europe and the US, etc.

Mr. Michael Harsh delivered a speech at the NEONA launching ceremony

Dr. Yuri Wedmid, Prof. Ma, Prof. Ehman, Mr. Richard Hausmann and Mr. Michael Harsh cutting ribbon

Prof. Garry Gold, head of the Department of Radiology at Stanford Medical School congratulated the team on the launch of NEONA

Yuri Wedmid, Michael Harsh, Michael Gee, Q.Y. Ma, Richard Hausmann and Richard Ehman

Prof. Brian Coley, Radiologist-in-Chief of Cincinnati Children’s Hospital congratulated TM

Yuri Wedmid, Anil Jain, Michael Harsh, Bala and Q. Y. Ma

CIBR (Coalition for Imaging and Bioengineering Research) held a meeting of the Steering Committee where Prof. Ma and Yuri were invited to attend.  Dr. Renee Wegrzyn, the inaugural Director of ARPA-H (Advanced Research Projects Agency for Health), a newly established interdepartmental funding agency in the US were invited to introduce the functions and goals of APRA-H.  She pointed out that the agency is different from the National Institutes of Health (NIH) and will mainly focus on high-risk, cutting-edge research and development projects in life and healthcare space such as how to prevent people from becoming patient. The agency will start operation early next year and expects active participation from CIBR members.  CIBR is an NGO in Washington DC and its members include more than 50 radiology departments of universities and 9 companies. Prof. Ma is one of the steering committee members of 9 companies (including GPS).

AuntMinnie, the largest professional website in the imaging industry, interviewed Yuri on TM’s innovative neonatal MRI product

Clients at TM booth

Time Medical Team

Pisano and Gollán inaugurated the new resonator of the Municipal Hospital

With the presence of the Minister of Health of the province of Buenos Aires, Dr. Daniel Gollán, the Chief of Cabinet Dr. Salvador Giorgi, and the national deputy Eduardo Bali Bucca, Mayor Marcos Pisano inaugurated, this Wednesday, the renewed Service of Diagnostic Imaging of the Municipal Hospital, which now has its own magnetic resonator at the service of the community.

The meeting was accompanied by the provincial deputy Cesar Valicenti, the director of Sanitary Region IX, Lic. Ramiro Borzi, and the associate director of the Region, Norma Álvarez Morello.

During the visit to the city, the officials toured the Molecular Biology Laboratory, where they were received by the molecular biologist Rocío Larreche, who explained the daily work carried out in the place, where more than 10,000 samples have been taken from Bolivarians up to the moment and the demand of more than 10 neighboring towns is met.

Likewise, Gollán greeted the workers of the epidemiological footprint whom he congratulated for the work carried out, taking into account that days ago the media questioned the vaccination of volunteers who serve in the so-called early care CeTep for consultations of Covid-19: “In the face of attacks, work and commitment are the best response. We have to continue vaccinating, detecting and isolating, they are doing a great job and people recognize it, congratulations.

Next, they toured the Vaccination Center, in which more than 2,000 residents have been vaccinated so far. In the place Gollán learned about the mobile vaccination, which the mayor Pisano assigned to carry out home vaccination and in the Party's localities, an investment that the minister considered essential to guarantee access to the vaccine to the entire community.

"In April and May, vaccination will be accelerated with the arrival of doses to the country, to allow that when the cold season comes, the population at risk is more protected," said Gollán.

Later, they arrived at the M. Capredoni Hospital where they proceeded to the inauguration of the new hospital wing.

It is a fundamental work for the strengthening of public health, the equipment acquired with the help of the Buenos Aires government, through a loan from Banco Provincia at a fixed rate and with very favorable conditions, meant an investment of more than 60 million euros. pesos for municipal coffers.

The inauguration in the midst of the adverse context that the Covid-19 pandemic is going through, responds to the work articulated between the municipality of Bolívar and the Provincial Government. Regarding the purchase of the equipment, the mayor Pisano referred to the obstacles generated at first by the opposition and called on them to work together for the community: "Let's leave behind political selfishness, this is an achievement of all Bolivarians and not of the politician on duty, "said Pisano and added:" There were many obstacles, but none of them have stopped us; because when working for and for our communities, political flags cannot be a limit to the general benefit, even more so when what we are debating is Bolívar's public health, "said Pisano.

The latest generation device will allow a much faster and more accurate diagnosis and treatment to be reached, without the need to refer patients to neighboring towns. It should be noted that the statistics of the Municipal Hospital record that more than a thousand Bolivians in recent years carried out this study outside the city, this situation represented a complexity for the residents and also an important expense for the municipal administration.

“It is a joy to see the laboratory, the Vaccination Center with an impeccable organization and the resonator. It has been a very hard year and when I see the level of commitment that I saw here today, I think that nothing is impossible, "Gollán said and added:" We have to transform the province and here I see a management that puts everything to make it happen. I am very happy, I congratulate the mayor, we are going to continue working jointly so that this sad reality is transformed into opportunities that improve the quality of life of all Buenos Aires residents ”.

The renewed Diagnostic Imaging Service has an Ultrasound room, a Mammography room, an administrative office, and the Resonance and Command room, equipped with a futuristic design, and specifically adapted according to the requirements stipulated by the equipment supplier. last generation.

Within the framework of the inauguration, deputy Eduardo Bali Bucca said: "Our hospital grows and begins to provide new services incorporating technology and in solidarity, providing service to all Buenos Aires residents, something that Marcos dreamed of."

"This is a historic day, we paid off one more debt in the midst of the pandemic. Carrying out an unprecedented Vaccination Plan, and working daily with our municipal laboratory, we have the enormous satisfaction of continuing to strengthen our health system," said Pisano.

Faced with the adverse context, from the municipal administration Marcos Pisano continues to work on strengthening the health of the Bolívar Party, and betting on regional projection, since like the Molecular Biology Laboratory, a fundamental tool to face the pandemic, the resonator will provide the service to neighboring municipalities that do not have this opportunity for diagnosis and treatment, and appreciated for the contribution of our Distributor in Argentina GEMED S. R. L for this project.

Images credit by BOLIVAR - Pisano y Gollán inauguraron el nuevo resonador del Hospital Municipal