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IceCure Highlights New Peer-Reviewed Journal Article in Leading Surgery Journal, Demonstrating Cryoablation's Advantages Over Radiofrequency Ablation for Early-Stage Breast Cancer

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IceCure Medical (NASDAQ: ICCM) highlighted a peer-reviewed article in the International Journal of Surgery showing clinical advantages of ProSense cryoablation over radiofrequency ablation (RFA) for early-stage breast cancer.

The publication reports high local control rates comparable to breast-conserving surgery, notes a 99.02% recurrence-free rate in over 600 cryoablation patients, and describes procedural benefits such as local anesthesia and visible ice-ball margins. IceCure will present at the 34th Japanese Breast Cancer Society meeting on June 25-27, 2026, as partner Terumo plans a ProSense regulatory submission to Japan's PMDA in the second half of 2026.

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AI-generated analysis. Not financial advice.

Positive

  • Peer-reviewed article in top-ranked International Journal of Surgery supports cryoablation for early-stage breast cancer
  • Reported 99.02% recurrence-free rate in over 600 breast cancer cryoablation patients with follow-up up to 17 years
  • Thermal ablation outcomes described as comparable to breast-conserving surgery in carefully selected small tumors
  • Procedural advantages over RFA include local anesthesia and real-time visualization of the ice-ball margin
  • Terumo expected to submit ProSense for PMDA regulatory approval in Japan in the second half of 2026
  • U.S. FDA marketing authorization of ProSense for early-stage breast cancer cited as driving physician interest

Negative

  • Regulatory approval for ProSense in breast cancer in Japan is still pending, with submission only expected in the second half of 2026

News Market Reaction – ICCM

+3.20%
19 alerts
+3.20% News Effect
+32.4% Peak in 1 hr 3 min
+$516K Valuation Impact
$16.64M Market Cap
0.1x Rel. Volume

On the day this news was published, ICCM gained 3.20%, reflecting a moderate positive market reaction. Argus tracked a peak move of +32.4% during that session. Our momentum scanner triggered 19 alerts that day, indicating notable trading interest and price volatility. This price movement added approximately $516K to the company's valuation, bringing the market cap to $16.64M at that time.

Data tracked by StockTitan Argus on the day of publication.

Key Figures

Breast cryoablation procedures: 680 procedures Recurrence-free rate: 99.02% Patients in cryoablation dataset: over 600 patients +5 more
8 metrics
Breast cryoablation procedures 680 procedures Estimated number performed by Professor Fukuma
Recurrence-free rate 99.02% Over 600 breast cancer patients treated with cryoablation, up to 17-year follow-up
Patients in cryoablation dataset over 600 patients Breast cancer patients treated with cryoablation in Japanese experience
Follow-up duration up to 17 years Follow-up period in cryoablation breast cancer data
Ipsilateral breast tumor-free survival 98.6% 5-year rate in 353 RAFAELO RFA patients
RAFAELO study size 353 patients Patients treated with RFA in RAFAELO study
Tumor size threshold 2 cm or less Tumor size for which thermal ablation outcomes comparable to BCS
Planned PMDA submission timing second half of 2026 Expected Terumo submission of ProSense for breast cancer in Japan

Peers on Argus

ICCM was up while only one peer in the momentum scanner (TELA) also moved higher...
1 Up

ICCM was up while only one peer in the momentum scanner (TELA) also moved higher and several close peers showed declines, indicating today’s strength appears primarily stock-specific rather than a broad medical-device move.

Historical Context

5 past events · Latest: Jun 17 (Positive)
Pattern 5 events
Date Event Sentiment Move Catalyst
Jun 17 Private placement Positive +200.5% Premium-priced $5.5M private placement with single institutional healthcare investor.
Jun 17 Commercial/FDA update Positive +200.5% 70% growth in active U.S. commercial ProSense install base post-FDA authorization.
Jun 02 Reverse share split Negative -30.9% 1-for-30 reverse split to support regaining Nasdaq $1.00 minimum bid compliance.
May 19 Clinical data update Positive +3.6% New ProSense data in kidney and breast tumors presented at ECIO 2026.
May 13 Listing compliance Neutral +1.7% Nasdaq grants 180-day extension to regain $1.00 minimum bid compliance.
Pattern Detected

ICCM has frequently shown sharp, directionally consistent moves following financing, FDA/commercial updates, and capital-structure news.

Regulatory & Risk Context

Active S-3 Shelf · $100,000,000 · Short Interest: 25.6%
Shelf Active
Short Interest
25.6% of shares outstanding
as of 2026-05-29 Days to cover: 1

Short interest is elevated, suggesting positioning that can contribute to higher volatility and the potential for sharp squeezes or reversals around news and capital markets activity.

Active S-3 Shelf Registration 2026-03-20
$100,000,000 registered capacity

An effective Form F-3 shelf allows ICCM to issue up to $100,000,000 of securities over time, which can provide funding flexibility but may introduce dilution risk when utilized.

Market Pulse Summary

This announcement reinforces strong long-term cryoablation outcomes, including a 99.02% recurrence-f...
Analysis

This announcement reinforces strong long-term cryoablation outcomes, including a 99.02% recurrence-free rate over 600 patients, and outlines a PMDA submission plan for the second half of 2026. Investors may watch how Japan’s regulators and clinicians translate this evidence into adoption amid active shelf capacity and elevated short interest.

Key Terms

cryoablation, radiofrequency ablation, breast-conserving surgery, ipsilateral breast tumor-free survival, +2 more
6 terms
cryoablation medical
"developer of minimally-invasive cryoablation technology that destroys tumors by freezing"
A medical treatment that uses extreme cold to freeze and destroy unwanted tissue, such as small tumors or heart tissue causing irregular rhythms; think of it like applying a focused freezer to stop a problem spot without cutting it out. It matters to investors because devices, tools, and drugs tied to cryoablation, plus clinical results, approval status and insurance coverage, can drive sales, shape market adoption and affect the financial outlook of healthcare companies.
radiofrequency ablation medical
"key clinical advantages of cryoablation over radiofrequency ablation ("RFA") for early-stage"
A medical procedure that uses a thin probe to deliver controlled heat (radiofrequency energy) to destroy or disable problematic tissue, such as small tumors, overactive nerves, or abnormal heart pathways; think of it as applying a focused heat spot to stop a problem without large incisions. Investors care because the technique drives demand for specialized devices, affects treatment volumes, reimbursement rates, and regulatory approvals, all of which influence medical-device and healthcare company revenues.
breast-conserving surgery medical
"option to breast-conserving surgery ("BCS"). Thermal ablation technologies have demonstrated"
A surgical procedure that removes a cancerous lump and a small margin of surrounding tissue while keeping most of the breast intact, similar to cutting away a rotten spot from an apple while preserving the rest. It matters to investors because its prevalence, outcomes and reimbursement influence demand for surgical devices, radiation and imaging services, hospital stays and follow-up care, which affect revenue and regulatory risk across healthcare companies.
ipsilateral breast tumor-free survival medical
"reported a 5-year ipsilateral breast tumor-free survival rate of 98.6% in 353 patients."
A clinical trial measure that tracks how long a patient goes without a return of cancer in the same breast where the original tumor was located. Think of it like checking a repaired roof to see how long it stays leak-free on that same side of a house. Investors watch this because longer ipsilateral breast tumor-free survival signals a treatment’s effectiveness, supporting regulatory approval, market acceptance, and the drug’s commercial value.
local anesthesia medical
"Cryoablation can be performed under local anesthesia as compared to RFA which requires"
Local anesthesia is a medical technique that numbs a specific area of the body so a procedure can be done without pain while the patient stays awake, like turning off the lights in one room rather than the whole house. For investors, it matters because demand, safety profile, approval status, and new formulations or delivery devices for local anesthetics can affect sales, regulatory risk, and cost structures for companies in pharmaceuticals, medical devices, and outpatient care.
general anesthesia medical
"local anesthesia as compared to RFA which requires general anesthesia."
General anesthesia is a medically induced, reversible state of unconsciousness, loss of pain sensation, and muscle relaxation used during major surgeries so patients do not feel or remember the procedure. For investors, it matters because its use affects hospital and surgical center revenue, drug and equipment demand, operating-room scheduling, procedure risk profiles and recovery times, all of which influence costs, reimbursement rates, liability exposure and overall healthcare spending trends.

AI-generated analysis. Not financial advice.

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Published in the International Journal of Surgery, globally ranked in the top three among surgery journals, the article highlights strong clinical outcomes with ProSense® cryoablation and describes thermal ablation as a "beacon of hope for patients

IceCure preparing for the 2026 Japanese Breast Cancer Society meeting and planned regulatory submission for breast cancer in Japan by Terumo Corporation one of the world's top 20 medical device companies

CAESAREA, Israel, June 23, 2026 /PRNewswire/ -- IceCure Medical Ltd. (NASDAQ: ICCM) ("IceCure", "IceCure Medical" or the "Company"), developer of minimally-invasive cryoablation technology that destroys tumors by freezing as an option to surgical tumor removal, today highlights a newly published peer-reviewed journal article presenting key clinical advantages of cryoablation over radiofrequency ablation ("RFA") for early-stage breast cancer, as the Company prepares to participate in the 34th Annual Meeting of the Japanese Breast Cancer Society ("JBCS"), taking place on June 25-27, 2026 in Kyoto, Japan.

IceCure_Medical_Logo

Published in the International Journal of Surgery, the article highlights the growing body of peer-reviewed evidence supporting cryoablation as a minimally invasive treatment option for appropriately selected patients with early-stage breast cancer and outlines meaningful procedural advantages compared with RFA.

The International Journal of Surgery is one of the world's most prestigious peer-reviewed medical journals and currently ranked third in the world among surgical journals. The journal is highly regarded for publishing high-quality clinical research, reviews, and meta-analyses that influence surgical practice globally.

The article, titled "Thermal Ablation as a Minimally Invasive Alternative to Surgery for Primary Breast Cancer," was authored by leading Japanese breast cancer specialists Drs. Masato Takahashi, Takayuki Kinoshita and Eisuke Fukuma. Professor Fukuma, a highly regarded cryoablation expert and ProSense® user at Kameda Medical Center in Japan, has performed an estimated 680 breast cancer cryoablation procedures. The publication evaluates the current clinical evidence supporting cryoablation and RFA as an option to breast-conserving surgery ("BCS"). Thermal ablation technologies have demonstrated local tumor control rates comparable to breast-conserving surgery for appropriately selected patients with small breast tumors, while offering shorter procedures, minimal scarring and improved cosmetic outcomes.

Key cryoablation advantages to RFA include:

  • During the 2025 JBCS Conference, Professor Fukuma presented a recurrence free rate of 99.02% from over 600 breast cancer patients treated with cryoablation based on data collected with follow up of up to 17 years. The RAFAELO study on RFA discussed in the article reported a 5-year ipsilateral breast tumor-free survival rate of 98.6% in 353 patients. In Japan the standard of care after BCS for invasive breast cancer (Stage I–II) is to undergo radiation therapy.
  • Cryoablation can be performed under local anesthesia as compared to RFA which requires general anesthesia.
  • During the procedure, cryoablation allows flexible adjustment of the ice ball size and the ice ball margin is visible, whereas RFA is hard to control due to tissue resistance and the micro bubble is vaguely visible.
  • Multiple studies and meta-analyses reviewed by the authors found no significant differences in local recurrence or overall survival between thermal ablation, including cryoablation and RFA, and BCS in carefully selected patients with tumors measuring 2 cm or less.
  • The authors concluded, "Ultimately, thermal ablation holds promise as a beacon of hope for patients, offering surgeons a validated method to de-escalate treatment without compromising oncological safety, while providing vastly superior aesthetic results compared to conventional BCS".

"We believe the growing body of clinical evidence supporting cryoablation is accelerating physician interest worldwide, particularly following the U.S. Food and Drug Administration's marketing authorization of ProSense® for early-stage breast cancer last October," said Eyal Shamir, Chief Executive Officer of IceCure. "Japan represents one of the most important markets for ProSense®, with several investigator-initiated cryoablation studies conducted by leading Japanese physicians over the years. We are encouraged by the continued clinical validation coming from Japan and by the strong support of our exclusive distributor in Japan, Terumo Corporation, one of Japan's largest medical device companies. Together, we are working to expand access to minimally invasive breast cancer treatment options for patients across Japan."

Terumo Corporation is expected to submit ProSense® for regulatory approval in breast cancer to Japan's Pharmaceuticals and Medical Devices Agency ("PMDA") in the second half of 2026, leveraging both international clinical data and Japanese physician experience with cryoablation technology.

About ProSense®

The ProSense® Cryoablation System is the first and only medical device to receive FDA marketing authorization for the local treatment of low-risk breast cancer with adjuvant endocrine therapy for women aged 70 and above, including patients who are not suitable for surgical alternatives for breast cancer treatment. A full list of benefits and risks can be found on the Company's website.

ProSense® is a minimally invasive cryosurgical tool that provides the option to destroy tumors by freezing them. The system uniquely harnesses the power of liquid nitrogen to create large lethal zones for maximum efficacy in tumor destruction in benign and cancerous lesions, including in the breast, kidney, lung, and liver.

ProSense® enhances patient and provider value by accelerating recovery, reducing pain, surgical risks, and complications. With its easy, transportable design and liquid nitrogen utilization, ProSense® opens the door to fast and convenient office-based procedures for breast tumors.

About IceCure Medical

IceCure Medical (Nasdaq: ICCM) develops and markets advanced liquid-nitrogen-based cryoablation therapy systems for the destruction of tumors (benign and cancerous) by freezing, with the primary focus areas being breast, kidney, bone and lung cancer. Its minimally invasive technology is a safe and effective option to surgical tumor removal that is easily performed in a relatively short procedure. The Company's flagship ProSense® system is marketed and sold worldwide for the indications cleared and approved to date including in the U.S., Europe and Asia.

Forward Looking Statement

This press release contains forward-looking statements within the meaning of the "safe harbor" provisions of the Private Securities Litigation Reform Act of 1995 and other Federal securities laws. Words such as "expects," "anticipates," "intends," "plans," "believes," "seeks," "estimates" and similar expressions or variations of such words are intended to identify forward-looking statements. For example, IceCure is using forward looking statements in this press release when it discusses: the potential advantages of ProSense® cryoablation as compared to RFA and BCS; the growing body of clinical evidence supporting cryoablation and its potential to accelerate physician interest worldwide; the Company's preparations to participate in the 34th Annual Meeting of the JBCS; Japan as an important market for ProSense®; the expected regulatory submission by Terumo Corporation to Japan's PMDA for approval of ProSense® for breast cancer in Japan and the timing of such submission; the potential use of international clinical data and Japanese physician experience in connection with such submission; and the Company's and Terumo's efforts to expand access to minimally invasive breast cancer treatment options for patients in Japan. Historical results of scientific research and clinical and preclinical trials do not guarantee that the conclusions of future research or trials will suggest identical or even similar conclusions. Important factors that could cause actual results, developments and business decisions to differ materially from those anticipated in these forward-looking statements include, among others: the Company's planned level of revenues and capital expenditures; the Company's available cash and its ability to obtain additional funding; the Company's ability to market and sell its products; legal and regulatory developments in the United States and other countries; the Company's ability to maintain its relationships with suppliers, distributors and other partners; the Company's ability to maintain or protect the validity of its patents and other intellectual property; the Company's ability to expose and educate medical professionals about its products; political, economic and military instability in the Middle East, specifically in Israel; as well as those factors set forth in the Risk Factors section of the Company's Annual Report on Form 20-F for the year ended December 31, 2025 filed with the United States Securities and Exchange Commission ("SEC") on March 17, 2026, and other documents filed with or furnished to the SEC which are available on the SEC's website, www.sec.gov. The Company undertakes no obligation to update these statements for revisions or changes after the date of this release, except as required by law.

IR Contact:

Email: investors@icecure-medical.com
Meir Peleg, CFO
Phone: +1-888-902-5716

Logo: https://mma.prnewswire.com/media/2319310/IceCure_Medical_Logo.jpg

 

Cision View original content:https://www.prnewswire.com/news-releases/icecure-highlights-new-peer-reviewed-journal-article-in-leading-surgery-journal-demonstrating-cryoablations-advantages-over-radiofrequency-ablation-for-early-stage-breast-cancer-302807701.html

SOURCE IceCure Medical

FAQ

What did IceCure Medical (NASDAQ: ICCM) announce about cryoablation for early-stage breast cancer on June 23, 2026?

IceCure Medical announced a peer-reviewed article highlighting clinical advantages of ProSense cryoablation over radiofrequency ablation for early-stage breast cancer. According to IceCure, the article reports strong local control outcomes and procedural benefits that support cryoablation as a minimally invasive alternative to surgery.

How do ProSense cryoablation outcomes compare with radiofrequency ablation and surgery for early-stage breast cancer?

ProSense cryoablation showed a 99.02% recurrence-free rate in over 600 patients, while the RAFAELO RFA study reported 98.6% five-year ipsilateral breast tumor-free survival. According to IceCure, multiple studies found thermal ablation outcomes comparable to breast-conserving surgery in carefully selected patients with tumors 2 cm or smaller.

What procedural advantages does ProSense cryoablation have over radiofrequency ablation in breast cancer treatment?

ProSense cryoablation can be done under local anesthesia, unlike RFA which typically needs general anesthesia. According to IceCure, cryoablation also allows flexible ice-ball sizing with clearly visible margins, while RFA control is harder due to tissue resistance and vaguely visible microbubbles.

Why is the International Journal of Surgery article important for IceCure Medical (ICCM) investors?

The article appears in the highly ranked International Journal of Surgery and supports cryoablation as a validated option to surgery. According to IceCure, such peer-reviewed evidence may strengthen clinical acceptance of ProSense, potentially supporting its adoption in early-stage breast cancer treatment pathways.

What are IceCure Medical and Terumo planning for ProSense breast cancer approval in Japan?

Terumo, IceCure’s exclusive distributor in Japan, is expected to file ProSense for PMDA breast cancer approval in the second half of 2026. According to IceCure, the submission will leverage international clinical data and Japanese physician experience with cryoablation technology.

How does thermal ablation aim to change treatment for patients with early-stage breast cancer?

Thermal ablation is presented as a minimally invasive alternative to breast-conserving surgery for appropriately selected patients. According to IceCure, the authors describe it as enabling treatment de-escalation without compromising oncological safety, while offering shorter procedures, minimal scarring and improved cosmetic results.