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Profound Medical Provides TULSA-PRO® Reimbursement Update

Key Takeaway: Profound Medical Corp. has announced a reimbursement update for its TULSA-PRO system, which is designed for Transurethral Ultrasound Ablation (TULSA). This update signifies a positive step towards enhancing the accessibility of their innovative, incision-free therapies for treating diseased tissue. The company continues to focus on expanding its market presence in the U.S.
Price reaction · baseline $8.5 (2024-02-16 close) · 8 other PROF headline(s) in the window, move may be shared
day 0 close · peak
-2.7%

Market Sentiment Analysis

POSITIVE FACTORS

  • Profound Medical is advancing its reimbursement efforts for TULSA-PRO.
  • The TULSA-PRO system offers customizable, incision-free therapies.
  • The update indicates progress in the commercialization of TULSA.

Full Press Release Details

TORONTO, Sept. 02, 2022 (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, today provided a U.S. reimbursement update for Transurethral Ultrasound Ablation (“TULSA”), performed with its TULSA-PRO® system.

Frequently Asked Questions

What is the TULSA-PRO system?

The TULSA-PRO system is designed for Transurethral Ultrasound Ablation.

What recent update did Profound Medical provide?

Profound Medical provided a U.S. reimbursement update for the TULSA-PRO system.

What type of therapies does Profound Medical develop?

Profound Medical develops customizable, incision-free therapies for ablation.

Last updated: Feb 19, 2024