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Fischer Medical Ventures’ arm receives official License to manufacture MRI from CDSCO

14 Jan 2025 Evaluate

Fischer Medical Ventures’ Wholly Owned Subsidiary-- Time Medical International Ventures (India) has become the first indigenous MRI manufacturer in India to receive the official License to Manufacture for Sale or Distribution of Magnetic Resonance Diagnostic Devices (MRDD) from the Central Drugs Standard Control Organization (CDSCO). This achievement marks a significant milestone in the Make in India initiative, reinforcing the company’s commitment to developing high-quality, locally manufactured medical devices that meet international standards.

With this new license, Time Medical will manufacture and distribute the MRI systems, some of which are FDA and CE approved as well, ensuring compliance with global safety, quality, and regulatory standards. As a proud Make in India initiative, Time Medical is the first company in India to manufacture MRI systems that meet international safety and performance standards. The EMMA and PICA MRI models, which are FDA and CE approved, have undergone stringent clinical evaluations and are compliant with the highest international regulatory standards. This milestone reinforces India's capability to produce world-class medical devices, contributing to the country's growing healthcare infrastructure. 

Fischer Medical Ventures is engaged in the trading of certain grades of Laboratory Chemicals.


Fischer Medical Share Price

40.80 0.22 (0.54%)
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