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Profound Medical Inc.

Study: Novel MRI-guided ultrasound treatment destroys prostate cancer

December 2, 2019 By Sean Whooley

New research claims that the minimally invasive MRI-guided transurethral ultrasound ablation (Tulsa) treatment effectively treats prostate cancer with minimal side effects. The Tulsa method is designed to deliver precise doses of sound waves to diseased prostate tissue while sparing the healthy nerve tissue that surrounds the prostate. The method rivals current techniques that lack sophisticated […]

Filed Under: Clinical Trials, Featured, Imaging, Men's Health, News Well, Ultrasound, Urology Tagged With: FDA, Profound Medical Inc., Radiological Society of North America

Eko raises $20m Series B for smart cardiac monitor | Funding Roundup, September 26, 2019

September 26, 2019 By Brad Perriello

Eko said yesterday that it raised a $20 million Series B round for the smart cardiac monitor it’s developing. The San Francisco-based company is working on machine learning technology for a combined digital stethoscope and electrocardiogram, designed for both clinical and at-home monitoring. Eko said more than 3,000 hospitals worldwide use its platform, treating millions […]

Filed Under: Featured, Funding Roundup, Wall Street Beat Tagged With: Cadence Neuroscience, DiagnosisONE, eko, Healionics, InspireMD, Kheiron Medical Technologies, Neuromod Devices, Profound Medical Inc., provisio

Profound Medical inks $8m private placement deal

September 16, 2019 By Sean Whooley

Profound Medical (TSX:PRN) last week grossed nearly $8 million from a private placement with a pair of investment banks. Mississauga, Ontario-based Profound, which developed the Tulsa-Pro MR-guided prostate ablation device, said it sold a total of 9.1 million units at 83¢ (C$1.10) apiece to Canaccord Genuity and Echelon Wealth Partners for gross proceeds of about $7.5 […]

Filed Under: Clinical Trials, Funding Roundup, Urology, Wall Street Beat Tagged With: Profound Medical Inc.

Google taps ex-Geisinger CEO Feinberg to lead consolidated Google Health biz | Personnel Moves – November 14, 2018

November 14, 2018 By Fink Densford

Google (NSDQ:GOOG) has picked up former Geisinger Health CEO David Feinberg to lead its fragmented health divisions under the Google Health moniker, according to a recent CNBC report. The tech giant had been searching for a head for several months, with artificial intelligence head Jeff Dean heavily involved in the process, according to the report. Other […]

Filed Under: Business/Financial News, Featured Tagged With: Accuray Inc., Alphabet (Google), BioCardia, Bovie Medical Corp., Clearside Biomedical, Eos Imaging, Geisinger Health System, Getinge, hancockjaffelabs, Intact Vascular, Integra LifeSciences, Intuitive Surgical, mperiatherapeutics, Owens and Minor, Procept BioRobotics, Profound Medical Inc., Verily

Medin Technologies taps Donaldson as CEO | Personnel Moves – April 25, 2017

April 25, 2018 By Fink Densford

Medin Technologies said last week it tapped Bill Donaldson as its new chief executive officer, replacing Andy Novotny who is resigning from his position at the head of the company. Prior to joining Medin Technologies, Donaldson served as president of Jeld-Wen Canada, leading the business unit during its parent company’s initial public offering, Totowa, N.J.-based […]

Filed Under: Business/Financial News, Wall Street Beat Tagged With: AdvaMed, althea, becton dickinson, Cook Medical, CoreLink, GI Dynamics, medintechnologies, paxerahealth, Profound Medical Inc., Ra Medical, Smith & Nephew, Wound Management Technologies

Profound Medical closes $35m “bought deal” funding round to support pivotal study

March 21, 2018 By Fink Densford

Profound Medical (TSX:PRN) said today it closed a”bought deal” financing round raising a total of $34.5 million in gross proceeds with funds slated to support  the company’s Tact pivotal trial. In the deal, which was announced in late February, the Mississauga, Ontario-based company said it planned to offer 20 million units at a price of $1 million […]

Filed Under: Business/Financial News Tagged With: Profound Medical Inc.

Profound Medical prices $20m bought deal financing round

February 28, 2018 By Fink Densford

Profound Medical (TSX:PRN) yesterday announced an upcoming $20 million “bought deal” financing round. In the deal, the Mississauga, Ontario-based company said it will offer 20 million units at a price of $1 million per unit, for gross proceeds of $20 million. Each unit in the round will consist of a single common share and one-half of a […]

Filed Under: Business/Financial News, Urology, Wall Street Beat, Women's Health Tagged With: Profound Medical Inc.

Profound Medical raises $8m for urology, women’s health devices

August 25, 2017 By Brad Perriello

Profound Medical (TSX:PRN) said today that it inked an $8 million “bought” deal” financing with a pair of underwriters that it plans to use for its Tulsa-Pro and Sonalleve ablation devices. The funding, by Echelon Wealth Partners and  CIBC Capital Markets, involved 10 million units at 80¢ (C$1 ) apiece, consisting of a stock share and […]

Filed Under: Funding Roundup, Urology, Wall Street Beat, Women's Health Tagged With: Profound Medical Inc.

Profound Medical closes $6m Philips Sonalleve MR-HIFU biz buy

August 1, 2017 By Fink Densford

Profound Medical (TSX:PRN) said today it closed its $6 million acquisition of Royal Philips (NYSE:PHG) Sonalleve MR-HIFU business. Philips Sonalleve MR-HIFU platform features real-time MR imaging and thermometry alongside high intensity focused ultrasound for incision-free ablation of tissue, Toronto-based Profound Medical said. “This transaction with Philips is truly transformative for Profound, and represents an opportunity for us […]

Filed Under: Business/Financial News, Imaging, Mergers & Acquisitions Tagged With: Philips, Profound Medical Inc.

Profound Medical to pay $6m for Philips’ Sonalleve MR-HIFU biz

June 30, 2017 By Brad Perriello

Profound Medical (TSX:PRN) said today that it agreed to put up about $6 million worth of its own shares to acquire the Sonalleve MR-HIFU business from Royal Philips (NYSE:PHG). Toronto-based Profound said the deal calls for it to put up 7.4 million shares at 84.9¢ (C$1.10) apiece, representing a 22% premium over its closing price yesterday. The […]

Filed Under: Imaging, Mergers & Acquisitions, Wall Street Beat, Women's Health Tagged With: Philips, Profound Medical Inc.

Profound Medical looks to raise $15m

October 17, 2016 By Brad Perriello

Profound Medical (TSX:PRN) said today that it pulled in a $13.2 million (C$17.4 million) funding round that includes an over-allotment option that could bring in another $2 million (C$2.6 million). Led by GMP Securities, the syndicate of underwriters agreed to buy 15.82 million shares at about 84¢ (C$1.10) apiece, with an optional over-allotment of 2.373 million shares for the 30 […]

Filed Under: Funding Roundup, Urology Tagged With: Profound Medical Inc.

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