STOCK TITAN

Profound Medical to Participate in the 2021 Bloom Burton & Co. Virtual Healthcare Investor Conference

Rhea-AI Impact
(Low)
Rhea-AI Sentiment
(Neutral)
Tags
conferences
Rhea-AI Summary

Profound Medical Corp. (NASDAQ:PROF) announced on April 14, 2021, that management will present an update on their business at the 2021 Bloom Burton & Co. Virtual Healthcare Investor Conference on April 21, 2021, at 1:30 p.m. ET. The presentation will be available for live streaming and archived on their website in the Investors section. Profound is known for its innovative, incision-free therapies for treating diseased tissue, including TULSA-PRO® for prostate cancer and Sonalleve® for uterine fibroids and pain management.

Positive
  • None.
Negative
  • None.

TORONTO, April 14, 2021 (GLOBE NEWSWIRE) --  Profound Medical Corp. (NASDAQ:PROF; TSX:PRN) (“Profound” or the “Company”), a commercial-stage medical device company that develops and markets customizable, incision-free therapies for the ablation of diseased tissue, announced today that management will present an update on the Company’s business at the 2021 Bloom Burton & Co. Virtual Healthcare Investor Conference on Wednesday, April 21, 2021 at 1:30 p.m. ET.

The presentation will be broadcast live and archived on the Company's website at www.profoundmedical.com under "Webcasts" in the Investors section.

About Profound Medical Corp.

Profound is a commercial-stage medical device company that develops and markets customizable, incision-free therapies for the ablation of diseased tissue.

Profound is commercializing TULSA-PRO®, a technology that combines real-time MRI, robotically-driven transurethral ultrasound and closed-loop temperature feedback control. TULSA-PRO® is designed to provide customizable and predictable radiation-free ablation of a surgeon-defined prostate volume while actively protecting the urethra and rectum to help preserve the patient’s natural functional abilities. TULSA-PRO® has the potential to be a flexible technology in customizable prostate ablation, including intermediate stage cancer, localized radio-recurrent cancer, retention and hematuria palliation in locally advanced prostate cancer, and the transition zone in large volume benign prostatic hyperplasia (BPH). TULSA-PRO® is CE marked, Health Canada approved, and 510(k) cleared by the U.S. Food and Drug Administration (“FDA”).

Profound is also commercializing Sonalleve®, an innovative therapeutic platform that is CE marked for the treatment of uterine fibroids and palliative pain treatment of bone metastases. Sonalleve® has also been approved by the China National Medical Products Administration for the non-invasive treatment of uterine fibroids and has FDA approval under a Humanitarian Device Exemption for the treatment of osteoid osteoma. The Company is in the early stages of exploring additional potential treatment markets for Sonalleve® where the technology has been shown to have clinical application, such as non-invasive ablation of abdominal cancers and hyperthermia for cancer therapy.

Forward-Looking Statements

This release includes forward-looking statements regarding Profound and its business which may include, but is not limited to, the expectations regarding the efficacy of Profound’s technology in the treatment of prostate cancer, uterine fibroids, palliative pain treatment and osteoid osteoma. Often, but not always, forward-looking statements can be identified by the use of words such as "plans", "is expected", "expects", "scheduled", "intends", "contemplates", "anticipates", "believes", "proposes" or variations (including negative variations) of such words and phrases, or state that certain actions, events or results "may", "could", "would", "might" or "will" be taken, occur or be achieved. Such statements are based on the current expectations of the management of Profound. The forward-looking events and circumstances discussed in this release, may not occur by certain specified dates or at all and could differ materially as a result of known and unknown risk factors and uncertainties affecting the company, including risks regarding the medical device industry, regulatory approvals, reimbursement, economic factors, the equity markets generally and risks associated with growth and competition. Although Profound has attempted to identify important factors that could cause actual actions, events or results to differ materially from those described in forward-looking statements, there may be other factors that cause actions, events or results to differ from those anticipated, estimated or intended. No forward-looking statement can be guaranteed. In addition, there is uncertainty about the spread of the COVID-19 virus and the impact it will have on Profound’s operations, the demand for its products, global supply chains and economic activity in general. Except as required by applicable securities laws, forward-looking statements speak only as of the date on which they are made and Profound undertakes no obligation to publicly update or revise any forward-looking statement, whether as a result of new information, future events, or otherwise, other than as required by law.

For further information, please contact:

Stephen Kilmer
Investor Relations
skilmer@profoundmedical.com
T: 647.872.4849


FAQ

What is the date and time of Profound Medical's presentation at the 2021 Bloom Burton & Co. conference?

Profound Medical's presentation is scheduled for April 21, 2021, at 1:30 p.m. ET.

Where can I watch the live presentation of Profound Medical's conference update?

The presentation will be live-streamed and archived on Profound Medical's website under the Investors section.

What technologies does Profound Medical focus on for treatment?

Profound Medical focuses on TULSA-PRO® for prostate cancer and Sonalleve® for uterine fibroids and palliative pain treatment.

Is TULSA-PRO® approved by regulatory agencies?

Yes, TULSA-PRO® is CE marked, Health Canada approved, and 510(k) cleared by the FDA.

What potential markets is Profound Medical exploring for Sonalleve®?

Profound Medical is exploring additional markets for Sonalleve®, including non-invasive ablation of abdominal cancers and hyperthermia for cancer therapy.

Profound Medical Corp.

NASDAQ:PROF

PROF Rankings

PROF Latest News

PROF Stock Data

186.44M
22.41M
8.6%
43.82%
1.39%
Medical Devices
Healthcare
Link
United States of America
Mississauga