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Profound Medical to Participate in A.G.P.’s Virtual Healthcare Conference

Key Takeaway: Profound Medical Corp. (NASDAQ: PROF; TSX: PRN) announced its participation in A.G.P.'s Virtual Healthcare Conference on May 24, 2023. The event will include one-on-one meetings with investors, although no webcast will be available due to the conference format. Profound Medical specializes in customizable, incision-free therapies for tissue ablation, including its CE marked TULSA-PRO for prostate treatments and Sonalleve for uterine fibroids. These technologies are designed to improve patient outcomes while minimizing invasive procedures.
Price reaction · baseline $13.56 (2023-05-17 close) · hit after-hours · clean, no other PROF news in the window
day 0 close · peak
-3.9%

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POSITIVE FACTORS

  • Participation in A.G.P.'s Virtual Healthcare Conference can enhance visibility and engagement with investors.
  • Profound Medical's technologies, TULSA-PRO and Sonalleve, are innovative and have received regulatory approval.
  • Products offer promising solutions for various medical conditions, which may increase their market adoption.

Full Press Release Details

TORONTO, May 18, 2023 (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 that management will participate in A.G.P.’s Virtual Healthcare Conference on Wednesday, May 24, 2023.
The event will consist of one-on-one investor meetings. Due to the format of the event, no webcast will be available.
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.
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Frequently Asked Questions

What is Profound Medical Corp. known for?

Profound Medical Corp. specializes in customizable, incision-free therapies for tissue ablation.

What technology does TULSA-PRO® use?

TULSA-PRO® utilizes real-time MRI, robotically-driven ultrasound, and temperature feedback.

What conditions can TULSA-PRO® treat?

TULSA-PRO® targets prostate cancer, benign prostatic hyperplasia, and related symptoms.

What is Sonalleve® used for?

Sonalleve® treats uterine fibroids and provides palliative pain relief for bone metastases.

Is Sonalleve® approved for use in the U.S.?

Yes, Sonalleve® has FDA approval under a Humanitarian Device Exemption for osteoid osteoma.

Last updated: May 18, 2023