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THUNDER Study Demonstrates Penumbra's THUNDERBOLT is Safe and Effective for Stroke Care

(Moderate)
(Positive)
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Penumbra (NYSE:PEN) reported top-line results from THUNDER, a U.S. Investigational Device Exemption study evaluating its THUNDERBOLT computer assisted vacuum thrombectomy (CAVT) system in acute ischemic stroke patients with emergent large vessel occlusion. The single-arm, prospective, multicenter trial enrolled 216 patients across 29 U.S. centers with core-lab adjudication.

THUNDER met its predefined performance goal, with 87.5% of cases achieving successful reperfusion (mTICI 2b-3). Post-THUNDERBOLT, 70.4% reached mTICI 2c-3, first-pass mTICI 2b-3 was 64.8%, median time-to-revascularization was 20 minutes, and complete clot ingestion was 83%. Device/procedure-related serious adverse events occurred in 2.8%, symptomatic intracranial hemorrhage in 0.9%, and 90-day all-cause mortality in 11.7%. Penumbra said THUNDERBOLT, the first and only CAVT device for stroke, has recently received U.S. FDA clearance and CE Mark.

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Positive

  • THUNDER met performance goal with 87.5% successful reperfusion (mTICI 2b-3)
  • High-quality reperfusion with 70.4% achieving mTICI 2c-3 after THUNDERBOLT
  • Efficient procedures with 64.8% first-pass mTICI 2b-3 and 20-minute median revascularization time
  • Complete clot ingestion achieved in 83% of cases using THUNDERBOLT CAVT system
  • Favorable safety profile metrics reported: 2.8% serious device/procedure-related events, 0.9% sICH, 11.7% 90-day mortality
  • Regulatory milestones with recent U.S. FDA clearance and CE Mark for THUNDERBOLT

Negative

  • None.

Market Context

PEN's clinical and regulatory headlines showed mixed historical reactions: 0.03%, -0.16%, and 0.08% ...
Analysis

PEN's clinical and regulatory headlines showed mixed historical reactions: 0.03%, -0.16%, and 0.08% across recent study, CE Mark, and FDA-clearance news. The study adds efficacy and safety data, but its single-arm design warrants attention.

Key Figures

Successful reperfusion: 87.5% Near-complete reperfusion: 70.4% First-pass reperfusion: 64.8% +5 more
8 metrics
Successful reperfusion 87.5% THUNDER study; mTICI 2b-3 after treatment
Near-complete reperfusion 70.4% THUNDER study; mTICI 2c-3 after treatment
First-pass reperfusion 64.8% THUNDER study; first-pass mTICI 2b-3
Time to revascularization 20 min THUNDER study median
Complete clot ingestion 83% THUNDER study
Serious adverse events 2.8% Device/procedure-related in THUNDER study
sICH rate 0.9% THUNDER study
90-day mortality 11.7% All-cause mortality in THUNDER study

Historical Context

5 past events · Latest: Jul 07 (Positive)
Pattern 5 events
Date Event Sentiment 24h Move Catalyst
Jul 07 Study enrollment Positive +0.0% First patient enrolled in FORWARD study evaluating CAVT for distal stroke
Jun 15 CE Mark expansion Positive -0.2% THUNDERBOLT received European CE Mark for acute ischemic stroke treatment
Jun 11 FDA clearance Positive +0.1% THUNDERBOLT received U.S. FDA clearance for acute ischemic stroke
May 06 Quarterly earnings Neutral +0.1% Revenue increased while net income and earnings per share declined year over year
Apr 13 Clinical trial results Positive +0.5% STORM-PE reported improved functional outcomes with CAVT plus anticoagulation

24h Move is the share-price change in the day after each event; other market factors may also have contributed.

Pattern Detected

Recent clinical and regulatory announcements produced mixed but generally small 24-hour reactions, including both positive and negative moves.

Key Terms

investigational device exemption
1 terms
investigational device exemption regulatory
"an Investigational Device Exemption (IDE) study, to evaluate the safety"
An investigational device exemption (IDE) is a regulatory permission that allows a medical device maker to test an unapproved device in people so the device’s safety and effectiveness can be studied. For investors, an IDE matters because it marks a formal step toward regulatory approval—like getting a temporary test-drive permit—and influences clinical cost, timelines, and the likelihood a device will reach the market and generate revenue.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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First and only CAVT device for stroke demonstrated high revascularization rates, short procedure times and low complication rates

ALAMEDA, Calif., July 22, 2026 /PRNewswire/ -- Penumbra, Inc. (NYSE: PEN), the world's leading thrombectomy company, announced the results of THUNDER, an Investigational Device Exemption (IDE) study, to evaluate the safety and effectiveness of THUNDERBOLT™, the company's novel computer assisted vacuum thrombectomy (CAVT™) system, in stroke patients with emergent large vessel occlusion (ELVO). The data were presented this week during a late-breaking session at the Society of NeuroInterventional Surgery (SNIS) 23rd Annual Meeting.

THUNDER study demonstrates Penumbra’s THUNDERBOLT is safe and effective for stroke care.

"Mechanical thrombectomy is considered frontline treatment for stroke; however, current technologies may not fatigue and completely ingest the clot quickly or effectively at the site of the occlusion," said Donald Frei, M.D., co-principal investigator of THUNDER and neurointerventional radiologist at Swedish Medical Center, Denver, CO. "The THUNDER study demonstrated a high rate of complete clot ingestion with THUNDERBOLT, along with a low rate of complications—an important combination when striving for optimal patient outcomes."

THUNDER met its predefined performance goal, with 87.5% of cases achieving successful reperfusion, defined as mTICI 2b-3, after treatment with THUNDERBOLT. Notably, post-THUNDERBOLT, mTICI 2c-3 was achieved 70.4% of the time, which is associated with significantly better functional recovery and lower complication rates. Additionally:

  • First-pass mTICI 2b-3 was 64.8%.  
  • Median time-to-revascularization was 20 min.  
  • Complete clot ingestion rate was 83%, demonstrating that the THUNDERBOLT system reliably facilitates the removal of clot.  
  • Device/procedure-related serious adverse events occurred in 2.8%, sICH in 0.9%, and the rate of all-cause mortality at 90 days was 11.7%, which is comparatively low to other thrombectomy therapies.  

"In the THUNDER study, we observed that modulated aspiration facilitated consistent and complete clot removal when used in conjunction with standard-sized aspiration thrombectomy catheters," said David Fiorella, M.D., Ph.D., co-principal investigator of THUNDER and director of the Cerebrovascular Center at Stony Brook University Hospital, Stony Brook, NY. "Through this study, our early experience with THUNDERBOLT suggests that this technology could significantly advance treatment for stroke patients."  

THUNDER is a single-arm, prospective, multicenter study with core-lab adjudication to evaluate the safety and effectiveness of THUNDERBOLT, which features Penumbra's CAVT technology, in stroke patients with ELVO. The study enrolled 216 patients across 29 U.S. centers.  

"The THUNDER study provides robust clinical evidence supporting the safety and effectiveness of THUNDERBOLT for revascularization in ELVO stroke," said James F. Benenati, M.D., FSIR, chief medical officer at Penumbra. "These findings reinforce modulated aspiration as a significant advancement in mechanical thrombectomy and suggest it could expand physicians' treatment options to achieve rapid, effective revascularization in stroke, which is critical for patient outcomes."

Acute ischemic stroke (AIS) remains a major global health challenge, accounting for approximately 87% of all strokes and affecting an estimated 68 million people worldwidei. Approximately 20% to 42% of AIS cases are due to ELVOii.

THUNDERBOLT recently received U.S FDA clearance and CE Mark. It introduces modulated aspiration to Penumbra's neuro thrombectomy portfolio, offering advanced CAVT technology designed to detect, fatigue, and completely ingest clot at the site of the occlusion.

About Penumbra
Penumbra, Inc., the world's leading thrombectomy company, is focused on developing the most innovative technologies for challenging medical conditions such as ischemic stroke, venous thromboembolism such as pulmonary embolism, and acute limb ischemia. Our broad portfolio, which includes computer assisted vacuum thrombectomy (CAVT), centers on removing blood clots from head-to-toe with speed, safety and simplicity. By pioneering these innovations, we support healthcare providers, hospitals and clinics in more than 100 countries, working to improve patient outcomes and quality of life. For more information, visit www.penumbrainc.com and connect on InstagramLinkedIn and X.

Important Safety Information
Additional information about Penumbra's products can be located on Penumbra's website at https://www.penumbrainc.com/providers. Caution: Federal (USA) law restricts these devices to sale by or on the order of a physician. Prior to use, please refer to the Instructions for Use (IFU) for complete product indications, contraindications, warnings, precautions, potential adverse events, and detailed instructions for use. Please visit www.peninc.info/risk for the complete IFU Summary Statements.

Forward-Looking Statements
Except for historical information, certain statements in this press release are forward-looking in nature and are subject to risks, uncertainties and assumptions about us. Our business and operations are subject to a variety of risks and uncertainties and, consequently, actual results may differ materially from those projected by any forward-looking statements. Factors that could cause actual results to differ from those projected include, but are not limited to: the risk that the pending acquisition by Boston Scientific Corporation will not be completed in the expected timeframe or at all, including the risk that required regulatory approvals will not be obtained; potential adverse effects to our business during the pendency of the acquisition, such as employee departures or diversion of management's attention from our business; failure to sustain or grow profitability or generate positive cash flows; failure to effectively introduce and market new products; delays in product introductions; significant competition; inability to further penetrate our current customer base, expand our user base and increase the frequency of use of our products by our customers; inability to achieve or maintain satisfactory pricing and margins; manufacturing difficulties; permanent write-downs or write-offs of our inventory or other assets; product defects or failures; unfavorable outcomes in clinical trials; inability to maintain our culture as we grow; fluctuations in foreign currency exchange rates; potential adverse regulatory actions; and the potential impact of any acquisitions, mergers, dispositions, joint ventures or investments we may make. These risks and uncertainties, as well as others, are discussed in greater detail in our filings with the Securities and Exchange Commission, including our Annual Report on Form 10-K for the year ended December 31, 2025, which we filed on February 25, 2026. There may be additional risks of which we are not presently aware or that we currently believe are immaterial which could have an adverse impact on our business. Any forward-looking statements are based on our current expectations, estimates and assumptions regarding future events and are applicable only as of the dates of such statements. We make no commitment to revise or update any forward-looking statements in order to reflect events or circumstances that may change.

Contact


Jennifer Heth

Parinaz Farzin 

Penumbra, Inc.

Merryman Communications

jheth@penumbrainc.com   

parinaz@merrymancommunications.com

510-995-9791

310.600.6746

i Tsao CW, Aday AW, Almarzooq ZI, et al. Heart Disease and Stroke Statistics-2023 Update: A Report From the American Heart Association. Circulation. Feb 21 2023;147(8):e93-e621. doi:10.1161/cir.0000000000001123
ii Rennert RC, Wali AR, Steinberg JA, et al. Epidemiology, Natural History, and Clinical Presentation of Large Vessel Ischemic Stroke. Neurosurgery. Jul 1 2019;85(suppl_1):S4-s8. doi:10.1093/neuros/nyz042

Penumbra, Inc. Logo (PRNewsFoto/Penumbra, Inc.)

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SOURCE Penumbra, Inc.

FAQ

What were the key THUNDER study results for Penumbra's THUNDERBOLT (NYSE:PEN) stroke device?

THUNDER showed high reperfusion and clot ingestion rates for THUNDERBOLT. According to Penumbra, 87.5% of patients achieved mTICI 2b-3 reperfusion, 70.4% reached mTICI 2c-3, first-pass success was 64.8%, median time-to-revascularization was 20 minutes, and complete clot ingestion occurred in 83%.

How safe was Penumbra's THUNDERBOLT CAVT system in the THUNDER stroke trial (PEN)?

Safety outcomes were favorable for THUNDERBOLT in the THUNDER study. According to Penumbra, device or procedure-related serious adverse events occurred in 2.8% of patients, symptomatic intracranial hemorrhage in 0.9%, and all-cause mortality at 90 days was 11.7% across the treated population.

How many patients and centers were included in Penumbra's THUNDER study for THUNDERBOLT (PEN)?

THUNDER enrolled a substantial number of stroke patients across multiple centers. According to Penumbra, the single-arm, prospective, multicenter trial included 216 patients treated for emergent large vessel occlusion at 29 U.S. centers, with outcomes assessed using an independent core laboratory.

Is Penumbra's THUNDERBOLT CAVT stroke device FDA-cleared and CE Marked (PEN)?

THUNDERBOLT has received regulatory clearances in the U.S. and Europe. According to Penumbra, the computer assisted vacuum thrombectomy system recently obtained U.S. FDA clearance and CE Mark, following the THUNDER study results in patients with emergent large vessel occlusion stroke.

What is the THUNDER study design evaluating Penumbra's THUNDERBOLT for ELVO stroke (PEN)?

THUNDER was designed as a prospective, single-arm clinical investigation. According to Penumbra, it is a multicenter IDE trial with core-lab adjudication, evaluating the safety and effectiveness of the THUNDERBOLT CAVT system in acute ischemic stroke patients with emergent large vessel occlusion.

How does Penumbra describe the role of modulated aspiration in THUNDERBOLT's performance (PEN)?

Modulated aspiration is highlighted as central to THUNDERBOLT's clot removal. According to Penumbra and study investigators, the CAVT technology is designed to detect, fatigue, and completely ingest clot at the occlusion site when used with standard-sized aspiration thrombectomy catheters.