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Profound Medical ( (TSE:PRN) ) just unveiled an announcement.
Profound Medical Corp. announced the launch of a pioneering TULSA program by Texas Prostate and Dallas Medical Center, aimed at expanding access to advanced prostate treatment for Medicare patients in Texas. The TULSA Procedure, which is incision-free and performed using MRI-guided robotic technology, offers a significant advancement in prostate care by minimizing side effects and eliminating the need for hospital stays. This collaboration not only broadens access to the TULSA Procedure under Medicare coverage but also sets a precedent for other urology practices and hospitals nationwide to adopt this innovative treatment, potentially enhancing Profound Medical’s industry positioning and stakeholder value.
The most recent analyst rating on (TSE:PRN) stock is a Buy with a C$11.00 price target. To see the full list of analyst forecasts on Profound Medical stock, see the TSE:PRN Stock Forecast page.
Spark’s Take on TSE:PRN Stock
According to Spark, TipRanks’ AI Analyst, TSE:PRN is a Neutral.
Profound Medical’s stock score reflects the company’s strong revenue growth and strategic potential, balanced by operational inefficiencies and financial challenges. Technical indicators suggest caution due to bearish trends, while valuation remains a concern with negative earnings. Positive earnings call sentiment and future growth prospects are encouraging, yet immediate operational improvements are necessary for sustained success.
To see Spark’s full report on TSE:PRN stock, click here.
More about Profound Medical
Profound Medical Corp. is a commercial-stage medical device company that develops and markets customizable, incision-free therapies for the ablation of diseased tissue. Their primary product, TULSA-PRO, combines real-time MRI, AI-enhanced planning, and robotically-driven ultrasound to treat prostate diseases. The company focuses on providing advanced treatments for prostate cancer and benign prostatic hyperplasia (BPH), aiming to preserve urinary continence and sexual function while offering a quick recovery.
Average Trading Volume: 10,564
Technical Sentiment Signal: Sell
Current Market Cap: C$178.8M
For detailed information about PRN stock, go to TipRanks’ Stock Analysis page.