Type Public Products Micro21, HSM, USM | Traded as NASDAQ: IMII Number of employees 120 (1998) | |
Industry Medical diagnostic equipment Key people Tyce Fitzmorris, President, CEO, Director Revenue $3.8 million USD (1998) Headquarters Palm Beach Gardens, Florida, United States Founded 1989, Palm Beach Gardens, Florida, United States | ||
Intelligent Medical Imaging, also known as IMI or 'IMII' on Nasdaq, was based in Palm Beach Gardens, Florida. This company made automated medical equipment which was sold to hospitals and laboratories throughout the world. The company no longer exists.
Contents
History
IMI was established in June 1989, and went public in 1996, raising $35 million.
In the last full year of operation, 1998, IMI reported a gross annual income of $3.8 million and a net annual income of $-13.7 million.
In May 1999, the company was delisted from Nasdaq.
On November 29, 1999, IMI filed for Chapter 11 bankruptcy protection.
On May 10, 2000, all assets were sold to Triangle Biomedical Sciences, Inc., for $2 million.
The company no longer exists, and the original web site, www.imii.com, is no longer available.
Micro21
The company's main product line was an automated cell and urine analyzer, sold under the name Micro21. The product could perform many different procedures, 9 of which were Food and Drug Administration (FDA) approved. At the time the company declared bankruptcy, several procedures had not yet received FDA approval.
The Micro21 could perform the following:
Hematology Slide Master
The Hematology Slide Master (HSM) was developed in the late 1990s just prior to bankruptcy. It was an automated tool for making and staining microscope-ready blood slides. Licensing deals were signed with other companies such as Bayer, but very few of these were produced and delivered.
UriSlide Master
The UriSlide Master (USM) was basically the same as the HSM, but for automated urine slides.
It is uncertain if any of these were completed and sold for revenue.