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.
William P. Murphy Jr.
Murphy practiced medicine for a short time as an intern at St. Francis Hospital in Honolulu and later, at Peter Bent Brigham Hospital in Boston (now Brigham & Women’s Hospital). While at St. Francis, he developed his first medical invention—a projector for presenting full-size x-rays to large audiences. Murphy and the other interns were regularly required to show x-rays of their patients to doctors. To simplify this task, Murphy created a projector that was capable of showing a full-size x-ray on the screen and was easy to use—quite an accomplishment at that time, since a prompt means for converting x-rays to transparencies did not exist.