Published in Telemedicine Week, October 11th, 2005
The sale marks FONAR's entry into Germany, the largest market for medical devices in Europe.
In addition to comprehensive coverage of the United States, FONAR is increasing its marketing efforts in the European market. In fiscal 2005, the company sold four Upright MRIs in Europe compared to a total of two prior to that.
Commenting on the entry into Germany, Raymond Damadian, president and founder of FONAR, said, "We are excited about the tremendous opportunity that presents itself with the opening of this new market. With...
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