InkSpace Imaging

About InkSpace Imaging

InkSpace Imaging, founded in 2017, is a medical device company that originated from research conducted at the University of California, Berkeley and The Ohio State University. The company was established by Dr. Xiaoliang Zhang, Dr. Yeun-Chul Ryu, and Dr. William Faulkner to commercialize a novel MRI coil technology. Dr. Zhang, a professor in the Department of Biomedical Engineering at The Ohio State University, brings extensive expertise in MRI engineering, particularly in high-field MRI and radiofrequency coil design. This academic and research-driven background forms the foundation of the company's core technology. InkSpace Imaging operates in the medical imaging market, specifically focusing on enhancing the capabilities of Magnetic Resonance Imaging (MRI).

The company's primary business involves the development and sale of high-resolution MRI receive coils tailored for body, musculoskeletal (MSK), and pediatric imaging applications. These coils are designed to be lightweight and flexible, conforming closely to the patient's body to improve comfort and image quality. The technology aims to provide clearer, more detailed images, which can lead to more accurate diagnoses. A key feature of their product is the ability to accelerate scan times, addressing a significant bottleneck in MRI procedures. By offering these specialized coils, InkSpace Imaging targets hospitals and diagnostic imaging centers that utilize MRI systems from major manufacturers like Siemens Healthineers, with whom they have a partnership. The business model appears to be centered on the direct sale of these proprietary medical devices to healthcare providers, enabling them to upgrade their existing MRI equipment.

Significant milestones for the company include receiving FDA 510(k) clearance for its initial body and MSK coils, a crucial step for commercialization in the United States. The company has also secured a CE mark, permitting sales in the European market. This regulatory approval underscores the product's adherence to safety and performance standards. InkSpace Imaging has also established a partnership with Siemens Healthineers, making its coils compatible with and available for Siemens' MRI scanners, which significantly expands its potential market reach.