FONAR Corporation (NASDAQ: FONR) announced today that effective February 11, 2016, Timothy Damadian, the elder son of Dr. Raymond V. Damadian, has been named President and Chief Executive Officer of FONAR Corporation. Dr. Damadian, the ...
Fonar continues to do well with its medical diagnostic business, but its MRI business is basically non-existent. While its medical diagnostic business is the main reason the stock went to higher levels, I always envisioned higher MRI sales as well.
Fonar Corporation (NASDAQ:FONR) is engaged in the research, development, productions, and marketing of medical scanning equipment, which uses principles of Magnetic Resonance Imaging (MRI) for the detection of and diagnosis of human diseases.
Fonar Corp., a pioneering manufacturer of magnetic resonance imaging scanners that had strongly considered moving its Melville headquarters to Florida, has signed an 11-year lease renewal at 110 Marcus Dr.