Welcome to our dedicated page for Profound Med news (Ticker: PROF), a resource for investors and traders seeking the latest updates and insights on Profound Med stock.
Profound Medical Corp. (PROF) is a commercial-stage medical device company that regularly issues news on its AI-powered, MRI-guided, incision-free therapies for tissue ablation. The company’s updates frequently center on its TULSA-PRO system and the TULSA Procedure™, which are used to treat prostate cancer and benign prostatic hyperplasia (BPH) using robotically controlled, transurethral ultrasound under real-time MRI guidance.
News coverage for Profound often highlights new clinical milestones, such as first commercial TULSA-PRO cases at major academic hospitals, expansion of TULSA-PRO programs at imaging suites, and recognition of clinical trial data comparing the TULSA Procedure to robotic radical prostatectomy. Releases also describe real-world experience across the prostate disease spectrum, including cancer-only, hybrid cancer and BPH cases, BPH-only patients, and salvage therapy for radio-recurrent localized prostate cancer.
Investors and clinicians following PROF can also expect announcements on regulatory and commercial developments. These include exclusive distribution and supply agreements for TULSA-PRO and Sonalleve in regions such as Canada, Saudi Arabia, Australia and New Zealand, as well as financing transactions like registered direct offerings and private placements used to support sales expansion, research and development, and working capital.
In addition, Profound’s news flow covers product enhancements such as the TULSA-AI® Volume Reduction module for BPH, new clinical data presented at medical meetings, and updates on the installed base and qualified sales pipeline for TULSA-PRO systems. This page aggregates these company-issued releases and related coverage, offering a single location to review the latest developments affecting Profound Medical’s technologies, commercial footprint and capital markets activity.
Profound Medical (NASDAQ:PROF; TSX:PRN), a commercial-stage medical device company, announced its upcoming participation in the 2025 Bloom Burton & Co. Healthcare Investor Conference. The company, which specializes in developing customizable, incision-free therapies for diseased tissue ablation, will present a business update on Tuesday, May 6, 2025, at 1:30 p.m. Eastern Time.
The presentation will take place at the Metro Toronto Convention Centre. Investors and interested parties can access the live broadcast and archived recording through the "Webcasts" section under Investors on the company's website at www.profoundmedical.com.
Profound Medical has announced groundbreaking results from their CAPTAIN trial, comparing TULSA procedure with robotic radical prostatectomy (RP) for prostate cancer treatment. The Level 1 study, involving 201 randomized patients across 23 sites, demonstrates significant advantages for TULSA.
Key findings show TULSA patients experienced:
- Zero blood loss compared to 100-200mL for RP
- 0.29 days hospital stay versus 1.24 days for RP
- Significantly lower post-operative pain through day 6
- Higher overall health scores for 30 days post-treatment
TULSA patients showed notably better outcomes in mobility (0% vs 12% extreme problems), self-care (3% vs 17%), and usual activities (17% vs 40%). The study included balanced patient characteristics, with median age ~63 years and similar PSA levels between groups. These results position TULSA as a potentially superior alternative to traditional prostate cancer surgery.
Profound Medical (NASDAQ: PROF; TSX: PRN), a commercial-stage medical device company focused on developing incision-free ablation therapies, has scheduled its first quarter 2025 financial results announcement for May 8, 2025, after market close.
The company will host a conference call at 4:30 p.m. ET on the same day, where management will review financial results and discuss business developments from the period. Investors can access the live call through registration and the broadcast will be archived on the company's website under the Investors section.
Profound Medical Corp (NASDAQ:PROF) has announced details for its hybrid investor event scheduled for April 28, 2025, during the AUA Annual Meeting at the Waldorf Astoria in Las Vegas. The 90-minute event, running from 3:30-5:00 PM PT, will feature key presentations from company leadership and medical experts.
The agenda includes:
- Dr. Mathieu Burtnyk presenting CAPTAIN study results comparing TULSA to radical prostatectomy
- Dr. Ram Pathak sharing TULSA-PRO® clinical outcomes
- CEO Dr. Arun Menawat discussing TULSA-AI® for BPH and TULSA+ program with Siemens Healthineers
- Dr. Naveen Kella presenting on TULSA's BPH treatment capabilities
- CCO Tom Tamberrino outlining TULSA+ commercial strategy
The event will conclude with a Q&A session and will be available via webcast on the company's website.
Profound Medical Corp (NASDAQ:PROF; TSX:PRN) has announced a hybrid investor event scheduled for April 28, 2025, during the American Urological Association (AUA) Annual Meeting in Las Vegas. The event will run from 3:30-5:00 PM PT (6:30-8:00 PM ET).
The program will feature presentations from both management and leading physicians, focusing on four key areas:
- TULSA-PRO® technology and its versatility in treating prostate disease patients
- Peri-operative results from the Level 1 CAPTAIN post-market study comparing TULSA procedure to radical prostatectomy
- Introduction of the new TULSA-AI® module for BPH, including a live technology demonstration
- Updates on the TULSA+ program, which integrates TULSA-PRO® with Siemens Healthineers' Magnetom Free.Max interventional MRI
Profound Medical (NASDAQ:PROF) reported strong Q4 2024 financial results with revenue reaching $4.2 million, marking a 108% increase compared to Q4 2023. The quarter saw $2.7 million from recurring revenue and $1.5 million from capital equipment sales.
Key Q4 highlights include executive changes with Mathieu Burtnyk promoted to President and Tom Tamberrino appointed as Chief Commercial Officer. The company entered a collaboration with Siemens Healthineers and launched the TULSA-AI® 'UA Alignment Assistant' module.
For full year 2024, revenue totaled $10.7 million, up from $7.2 million in 2023. The company reported a net loss of $27.8 million ($1.12 per share) compared to $28.3 million ($1.34 per share) in 2023. Operating expenses increased to $40.1 million from $33.0 million. As of December 31, 2024, Profound had cash of $54.9 million.