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Profound Med Corp - PROF STOCK NEWS

Welcome to our dedicated page for Profound Med news (Ticker: PROF), a resource for investors and traders seeking the latest updates and insights on Profound Med stock.

Overview

Profound Med Corp (PROF) is a commercial-stage medical device company renowned for its innovative, incision-free therapeutic systems designed for image-guided ablation of diseased tissue. Leveraging real-time MRI, transurethral therapeutic ultrasound, and closed-loop thermal feedback control, the company has developed a unique solution for the ablation of prostate tissue in prostate cancer patients. This advanced system not only exemplifies the cutting edge of minimally invasive procedures but also integrates seamlessly with the existing imaging infrastructure found in modern healthcare facilities.

Technology and Product Offering

The cornerstone of Profound Med Corp’s product portfolio is the TULSA-PRO system, a state-of-the-art platform that combines several advanced features:

  • Real-Time MRI Guidance: The system harnesses live magnetic resonance imaging to adapt treatment protocols dynamically during the ablation process, ensuring precision and patient-specific customization.
  • Transurethral Therapeutic Ultrasound: Utilizing a robotically driven, sweeping-action approach, the ultrasound component carefully administers thermal energy to target prostate tissue without invasive incisions.
  • Closed-Loop Thermal Feedback Control: This control system allows the procedure to maintain an optimal thermal profile, thereby enhancing accuracy and safety during treatment.

Business Model and Market Position

Profound Med Corp operates within the highly specialized medical device market, focusing on ablation therapies that are both customizable and minimally invasive. The company generates revenue primarily through the sale of one-time use devices and durable equipment that are designed to be used in conjunction with hospitals' and clinics' existing MRI scanners. This integration into existing infrastructure ensures that the system is easily adopted within various clinical settings, supporting ease of transition and cost-efficiency.

Competitive Landscape and Operational Excellence

In a competitive market characterized by rapid technological innovation and stringent clinical requirements, Profound Med Corp distinguishes itself through its emphasis on precision, efficiency, and patient safety. The combination of advanced imaging, ultrasound technology, and thermal regulation is not only technically sophisticated but also strategically positioned to serve a niche yet critical segment of the healthcare market. Investors and industry analysts recognize the company for its steady approach in developing and refining a product that addresses the complexities of prostate ablation with a strong focus on quality and clinical efficacy.

Clinical and Operational Insights

Clinical trials and ongoing studies highlight the system's ability to deliver short treatment times and low morbidity, which are key benefits in improving patient recovery. The robust integration of multiple modalities reflects Profound Med Corp’s commitment to delivering tailored therapeutic options while maintaining operational efficiency in diverse healthcare settings. This carefully engineered approach positions the company as a noteworthy participant in the evolution of non-invasive treatments for prostate cancer and similar conditions.

Industry Expertise and Strategic Integration

Profound Med Corp’s approach is defined by its deep understanding of both the technological and clinical requirements inherent in prostate ablation therapy. By harnessing complex imaging modalities with precision-focused therapeutic techniques, the company bridges the gap between advanced medical engineering and practical clinical application. The strategic utilization of the healthcare system's imaging infrastructure further demonstrates an astute awareness of operational challenges and provides a framework that is both innovative and reliable.

Conclusion

In summary, Profound Med Corp exemplifies a sophisticated blend of medical technology innovation and robust clinical application. Its TULSA-PRO system exemplifies how merging cutting-edge imaging with therapeutic ultrasound can revolutionize treatment protocols, offering a minimally invasive alternative to traditional surgical methods. This comprehensive approach not only drives operational excellence but also reinforces the company’s reputation as a knowledgeable and trusted participant in the medical device industry.

Rhea-AI Summary
Profound Medical Corp. reported financial results for Q3 2023, with revenue of $1.7 million, a 40% increase in recurring revenue compared to Q3 2022. The company received FDA clearance for its TULSA AI Thermal Boost module. Total operating expenses decreased by 18% to $7.6 million. Net loss for Q3 2023 was $5.6 million.
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Profound Medical Corp. to announce third quarter 2023 financial results
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Profound Medical Corp. provides additional details on Analyst & Investor Day event
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Profound Medical Corp. receives FDA clearance for its Thermal Boost module for use with TULSA-PRO®, enabling customized ablation in prostate cancer treatment.
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Profound Medical Corp. to host Analyst & Investor Day event on October 13, 2023
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Profound Medical Corp. to present business update at Cantor Global Healthcare Conference on September 26, 2023.
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Profound Medical Corp. establishes an at-the-market equity program to issue and sell up to US$30,000,000 of common shares. The TSX has conditionally approved the listing of the Common Shares. The Company intends to use the net proceeds for continued commercialization and development of its medical systems.
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Profound Medical Corp. reported financial results for Q2 2023, with a 38% increase in recurring revenue compared to Q2 2022. The company expects increased U.S. TULSA adoption and recurring revenue growth for the remainder of 2023.
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FAQ

What is the current stock price of Profound Med (PROF)?

The current stock price of Profound Med (PROF) is $4.78 as of April 18, 2025.

What is the market cap of Profound Med (PROF)?

The market cap of Profound Med (PROF) is approximately 140.9M.

What is the primary focus of Profound Med Corp?

Profound Med Corp specializes in developing and marketing incision-free, image-guided therapeutic systems for the ablation of diseased tissue, specifically focusing on prostate ablation.

How does the TULSA-PRO system work?

The TULSA-PRO system combines real-time MRI guidance with transurethral therapeutic ultrasound and closed-loop thermal feedback control, allowing for precise, patient-specific ablation of prostate tissue.

What architecture does Profound Med Corp use in its product design?

Their platform leverages existing MRI infrastructure, integrating advanced imaging with durable equipment and one-time use devices to seamlessly fit within current clinical settings.

How does Profound Med Corp differentiate itself in the competitive medical device market?

The company differentiates itself through its minimally invasive approach, emphasis on precision via closed-loop feedback, and its ability to deliver safe, efficient treatments tailored to individual patient anatomy.

What benefits does the system offer to patients?

The system provides short treatment times, low morbidity, and a tailored approach to prostate ablation, facilitating faster recovery compared to traditional invasive procedures.

How does the technology integrate with existing healthcare systems?

The product is designed to work alongside the healthcare system's existing MRI scanners, making it easier for clinics and hospitals to adopt the technology without extensive additional investments.

What roles do real-time imaging and thermal feedback play in the procedure?

Real-time MRI ensures that the treatment is precisely targeted and adjusted according to patient-specific conditions, while the closed-loop thermal feedback system maintains accurate temperature control during ablation.

What market segment does Profound Med Corp target?

Profound Med Corp targets the specialized medical device market focusing on non-invasive therapeutic systems, particularly those designed for the ablation of prostate tissue in patients with prostate cancer.
Profound Med Corp

Nasdaq:PROF

PROF Rankings

PROF Stock Data

140.89M
27.63M
7.22%
50.52%
1.58%
Medical Devices
Surgical & Medical Instruments & Apparatus
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Canada
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