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Profound Medical Corp T.PRN

Alternate Symbol(s):  PROF

Profound Medical Corp. is a Canada-based commercial-stage medical device company that develops and markets customizable, incision-free therapies for the ablation of diseased tissue. It is commercializing TULSA-PRO, a technology that combines real-time magnetic resonance imaging (MRI), robotically driven transurethral ultrasound and closed-loop temperature feedback control. The TULSA procedure, performed using the TULSA-PRO system, has the potential of becoming a mainstream treatment modality across the entire prostate disease spectrum; ranging from low -, intermediate-, or high-risk prostate cancer; to hybrid patients suffering from both prostate cancer and benign prostatic hyperplasia (BPH); to men with BPH only; and also, to patients requiring salvage therapy for radio-recurrent localized prostate cancer. It is also commercializing Sonalleve, a therapeutic platform that is CE marked for the treatment of uterine fibroids and palliative pain treatment of bone metastases.


TSX:PRN - Post by User

Bullboard Posts
Comment by ebrie014on Nov 06, 2017 9:37pm
54 Views
Post# 26915682

RE:Hmmmmmm

RE:HmmmmmmThe new BPH application is quite positive as it adds another market vertical to use the technology and thus more potential patients=more potential revenue.

People are still skittish about the stock because the burn remains quite high and there are only now starting to get revenue traction (still very early stage with some risk to a phase II trial). That being said I think they are at a nice pivot point where revenues are starting to climb, all patients will have been recruited for the trial and results will likely start coming out the beginning of next year. If things start looking positive for the trial (which I believe it will be due to the positive treatments to date) that leads to FDA approval and a huge market for revenue ramp up in the US... IMO this will lead to a buyout (most companies get bought out around the phase II approval as the tech has been significantly de-risked and the large pharma or pharma tech buyer would just add this product to its other product lines and sell through its already established sales channels.

Best of luck.
Bullboard Posts