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Siemens AG

This article was originally published in The Gray Sheet

Executive Summary

Plans to fill on July 25 its first U.S. order for the Magnetom open magnetic resonance imaging system, which was placed by the UCLA Medical Center. The company has already received 20 American and 50 international orders for the device, approved March 23 by FDA. Siemens believes the Magnetom's "virtually unlimited patient access," "excellent price/performance ratio," and ability to perform "kinematic joint studies" will enable it to compete with the Toshiba and Hitachi open MRIs on the market. Magnetom's list price ranges from $875,000 to $950,000, depending on options
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