RE:RE:More Share Bought by Profound Medical's managementMrMugsy wrote: Charlie263 wrote: It's important to note that following purchases has been made in the month of May 2022:
Arun Menawat puchased 60516 shares, in addition to his previous puchases in Mar 2022
Brian Ellacott purchased 50000 shares
Ken Knudson Purchased 8000 shares.
It seems Profound medical's team did spectecular presentations of TULSA PRO at AUA. To me it seems, the rise of Profound Medical is imminent.
Should be imminent - very much tied to hospitals, reimbursement and a permanent reimbursement code.
In the Q2 conf call they indicated that the lack of a permanent reimbursement code was not holding them back in any significant way. That's a good thing considering that they said then they were targeting Q4 2022 to
apply for a permanent code, with Jan 2024 being the target date for actually
having a permanent code.
How much difference does a permanent reimbursement code make? I can't quantify that myself. I know that getting the code would be an important positive milestone. But they've been treating patients for many months without one.