Pompano Veterinary Oncology Partners with Sensus Healthcare to Provide First Superficial Radiotherapy Services in a Mobile Configuration

Rhea-AI Summary

Sensus Healthcare (NASDAQ: SRTS) has partnered with Pompano Veterinary Oncology to pioneer mobile superficial radiotherapy (SRT) treatment for companion animals in South Florida. The veterinary practice has purchased an SRT-100™ system to provide treatments via a mobile van, both for home visits and veterinary clinics.

This marks the fourth SRT system being used for animal treatment, with two systems at Colorado State University School of Veterinary Medicine and one at Beit Veri College in Tel Aviv. The mobile service will complement Pompano Veterinary Oncology's existing treatments, including chemotherapy, immunotherapy, surgery, and tumor-specific electroporation therapy.

Positive

• First mobile SRT service for companion animals in the country
• Expansion into veterinary market channel
• Fourth SRT system sale for animal treatment

Negative

• None.

Insights

Medical Research Analyst

This partnership marks a significant expansion into the veterinary market for Sensus Healthcare's SRT technology. The mobile delivery model represents an innovative approach to veterinary oncology treatment, with several key implications:

Strategic Benefits:

• First-of-its-kind mobile SRT configuration in veterinary care
• Expands SRTS's presence in the veterinary market (now 4 systems deployed)
• Creates new revenue stream potential through the growing pet healthcare market
• Validates SRT technology's versatility and portability

The veterinary market represents a promising growth opportunity, particularly given the increasing willingness of pet owners to invest in advanced medical treatments. The mobile delivery model could serve as a template for future expansion, potentially leading to wider adoption in both veterinary and human healthcare settings.

Market Research Analyst

The veterinary services market presents a compelling opportunity for SRTS:

• The U.S. pet cancer therapeutics market is projected to grow significantly
• Rising pet ownership and increasing pet healthcare spending trends support market expansion
• Mobile veterinary services are gaining popularity, especially post-pandemic
• competition in mobile radiation therapy creates first-mover advantage

While this single installation won't immediately impact SRTS's financials significantly, it opens up a potentially lucrative market segment. The successful implementation of this mobile model could lead to additional sales to veterinary practices nationwide, representing a new growth vector for the company.

Full-service medical oncology practice to pioneer the use of SRT to treat companion animals for both home and veterinary clinic visits

BOCA RATON, Fla, Dec. 04, 2024 (GLOBE NEWSWIRE) -- Sensus Healthcare, Inc. (Nasdaq: SRTS), a medical device company specializing in highly effective, non-invasive, minimally-invasive and cost-effective treatments for oncological and non-oncological skin conditions, has partnered with Pompano Veterinary Oncology to pioneer the use of SRT to treat companion animals across South Florida via the use of a mobile van.

Pompano Veterinary Oncology is a full-service mobile veterinary medical oncology practice specializing in feline and canine oncology, with the goal of minimizing patient stress by providing home services and house calls.  The purchase of this SRT-100™ system allows the practice to add superficial radiotherapy to its suite of product offerings, which include chemotherapy, immunotherapy, surgery and tumor-specific electroporation therapy.  The mobile van will also provide services to veterinary clinics. This is the fourth SRT system being used to treat skin tumors in animals, with two systems in use by the Colorado State University School of Veterinary Medicine in companion animals and horses, and an SRT system being used at Beit Veri College in Tel Aviv to treat tumors in cats and dogs.

Commenting on the purchase, Pedro A. Dominguez, DVM, Diplomate ACVIM (Oncology)/ Diplomate ACVR (Radiation Oncology) and founder of Pompano Veterinary Oncology, said, “At Pompano Veterinary Oncology we are committed to providing high-quality, appropriate, innovative, logical and safe cancer treatment for companion animals with the intent of exceeding expectations. It continues to be our goal to improve our patients’ quality of life, while minimizing stress and adverse effects.  The SRT-100 radiotherapy treatment delivery system provides yet another armament against cancer in companion animals that we have long been searching for.  It’s well-proportioned design and mobile applicability allow us to target tumors effectively in a simple, yet effective manner. As a veterinary radiation oncologist, I am beyond thrilled with this new partnership with Sensus Healthcare to provide and develop mobile radiotherapy for companion animals. This convenient and simplified approach will broaden the ‘much-needed’ radiation therapy options for pets.” 

“We support Pompano Veterinary Oncology’s vision as the market for outstanding services in a mobile configuration expands for pet owners everywhere in America, and we are delighted that Pompano Veterinary Oncology has added the SRT-100 system to its suite of cancer treatment offerings,” said Joe Sardano, chairman and chief executive officer of Sensus Healthcare. “The veterinarians in this group have many years of experience with radiation oncology in brick-and-mortar practices, and they are well-suited to bring SRT to companion animals in their treatment van. The portability of our SRT system makes it an excellent choice for this mobile companion animal clinic, and we believe that the veterinary channel will be an important one for Sensus over time. Dr. Dominguez has the foresight to provide radiotherapy services to both clinics and homes with the first mobile offering of SRT in the country.”

About Pompano Veterinary Oncology and Pedro A. Dominguez

Pompano Veterinary Oncology was founded by Dr. Dominguez in Boca Raton, Florida, and in 2022 added a mobile oncology van to its services.  Dr. Dominguez received his Doctor of Veterinary Medicine from the University of Wisconsin Madison, completed an internship in small animal medicine and surgery at VCA West LA Animal Hospital, and completed a residency in medical oncology followed by radiation oncology at Michigan State University. For more information, please visit https://pompanoveterinaryoncology.com/

About Sensus Healthcare

Sensus Healthcare, Inc. is a global pioneer in the development and delivery of non-invasive treatments for skin cancer and keloids. Leveraging its cutting-edge superficial radiotherapy (SRT and IG-SRT) technology, the company provides healthcare providers with a highly effective, patient-centric treatment platform. With a dedication to driving innovation in radiation oncology, Sensus Healthcare offers solutions that are safe, precise, and adaptable to a variety of clinical settings. For more information, please visit www.sensushealthcare.com.

Forward-Looking Statements

This press release includes statements that are, or may be deemed, ''forward-looking statements.'' In some cases, these statements can be identified by the use of forward-looking terminology such as "believes," "estimates," "anticipates," "expects," "plans," "intends," "may," "could," "might," "will," "should," “approximately,” "potential" or negative or other variations of those terms or comparable terminology, although not all forward-looking statements contain these words.

Forward-looking statements involve risks and uncertainties because they relate to events, developments, and circumstances relating to Sensus, our industry, and/or general economic or other conditions that may or may not occur in the future or may occur on longer or shorter timelines or to a greater or lesser degree than anticipated. In addition, even if future events, developments, and circumstances are consistent with the forward-looking statements contained in this press release, they may not be predictive of results or developments in future periods. Although we believe that we have a reasonable basis for each forward-looking statement contained in this press release, forward-looking statements are not guarantees of future performance, and our actual results of operations, financial condition and liquidity, and the development of the industry in which we operate may differ materially from the forward-looking statements contained in this press release, as a result of the following factors, among others: our ability to maintain profitability; our ability to sell the number of SRT units we anticipate for the balance of 2024; the possibility that inflationary pressures continue to impact our sales; the level and availability of government and/or third party payor reimbursement for clinical procedures using our products, and the willingness of healthcare providers to purchase our products if the level of reimbursement declines; the regulatory requirements applicable to us and our competitors; our ability to efficiently manage our manufacturing processes and costs; the risks arising from doing business in China and other foreign countries; legislation, regulation, or other governmental action that affects our products, taxes, international trade regulation, or other aspects of our business; concentration of our customers in the U.S. and China, including the concentration of sales to one particular customer in the U.S.; the performance of the Company’s information technology systems and its ability to maintain data security; our ability to obtain and maintain the intellectual property needed to adequately protect our products, and our ability to avoid infringing or otherwise violating the intellectual property rights of third parties; and other risks described from time to time in our filings with the Securities and Exchange Commission, including our Annual Report on Form 10-K and Quarterly Reports on Form 10-Q.

To date, we do not expect that the Middle East conflict, the Russian invasion of Ukraine and global geopolitical uncertainties have had any particular impact on our business, but we continue to monitor developments and will address them in future disclosures, if applicable.

Any forward-looking statements that we make in this press release speak only as of the date of such statement, and we undertake no obligation to update such statements to reflect events or circumstances after the date of this press release, except as may be required by applicable law. You should read carefully our "Introductory Note Regarding Forward-Looking Information" and the factors described in the "Risk Factors" section of our periodic reports filed with the Securities and Exchange Commission to better understand the risks and uncertainties inherent in our business.

Contact:
Alliance Advisors IR
Kim Sutton Golodetz
212-838-3777
kgolodetz@alianceadvisors.com

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FAQ

What is the new partnership between Sensus Healthcare (SRTS) and Pompano Veterinary Oncology?

Sensus Healthcare has partnered with Pompano Veterinary Oncology to provide mobile superficial radiotherapy (SRT) services for companion animals in South Florida, marking the first mobile SRT configuration in the country.

How many SRT systems are now being used for animal treatment?

This is the fourth SRT system being used for animal treatment, with two at Colorado State University School of Veterinary Medicine and one at Beit Veri College in Tel Aviv.

What services will Pompano Veterinary Oncology's mobile SRT van provide?

The mobile van will provide SRT treatments at both homes and veterinary clinics, complementing their existing services of chemotherapy, immunotherapy, surgery, and tumor-specific electroporation therapy.