Raymond Damadian
Damadian is the company's largest shareholder, with 8% of stock worth $6.5 million. Despite owning only 8% of the stock, he maintains almost 100% control of the company through a separate class of shares (Class C) that only Damadian controls 2007. Damadian later collaborated with Wilson Greatbatch, one early developer of the implantable pacemaker, to develop an MRI-compatible pacemaker. He invented a stand-up MRI system and has 15 MRI scanning centers across the United States. There are a number of independent MRI centers that use this technology both in the U.S. and around the world. The company conceived and built the world's first Upright Multi-Positional MRI, which was recognized as The Invention of the Year in 2007 by the Intellectual Properties Owners Association Education Foundation.
Paul Lauterbur
The Nobel Prize in Physics in 1952, which went to Felix Bloch and Edward Purcell, was for the development of nuclear magnetic resonance (NMR), the scientific principle behind MRI. However, for decades magnetic resonance was used mainly for studying the chemical structure of substances. It wasn't until the 1970s with Lauterbur's and Mansfield's developments that NMR could be used to produce images of the body.