Magna-Lab Inc. does not have significant operations. It intends to pursue reverse merger strategy by seeking, evaluating, and negotiating with merger candidates. Previously, the company was engaged in the research, development, and commercialization of disposable medical devices to enhance the effectiveness of magnetic resonance imaging in detection and diagnosis of heart disease. Magna-Lab Inc. was founded in 1991 and is based in Syosset, New York. finance.yahoo.com/q/pr?s=MAGAA+Profile
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