- CEO
- Emmanuel Tsoupanarias
- Full Time Employees
- 1
- Sector
- Healthcare
- Industry
- Medical - Devices
- Address
- 244 Fifth Avenue New York City NY United States of America 10001
- IPO Date
- Jan 6, 1998
- Business
- Manhattan Scientifics, Inc. (MHTX) operates as a technology incubator that acquires, develops, and commercializes life-enhancing technologies focused on nano-technologies and nano-medicines; core offerings include nanostructured bulk metals and alloys in rod, bar, wire, and foil forms for medical implants and prosthetics via its Metallicum unit, as well as precision iron oxide nanoparticles such as NanoMRX for cancer detection and MRI applications formerly advanced through its Senior Scientific division. The company maintains ownership stakes exceeding 50 million shares in Imagion Biosystems Ltd. (ASX: IBX), its spun-off subsidiary specializing in magnetic nanoparticle-based early cancer diagnostics like the MagSense HER2 system granted FDA breakthrough device designation. Founded in 1992 by Marvin Maslow and headquartered at 244 Fifth Avenue in New York, New York, Manhattan Scientifics targets healthcare sectors including oncology and medical devices, with operations spanning the United States and historical ties to Los Alamos National Laboratory; it serves pharmaceutical firms, dental implant manufacturers, and medical metals suppliers through licensing agreements. Recent developments encompass a 2019 exclusive licensing deal for its patented nano-metals technology with a major U.S. metals manufacturer, yielding staged seven-figure payments over four years plus royalties, and ongoing advancements via Imagion including FDA-confirmed clinical trial preparations and nanoparticle supply orders from partners like NewPhase Ltd.; however, the company filed for Chapter 7 bankruptcy in April 2025 amid operational challenges.