Profound Medical Corp (PROF)

[fmrick]

Looks like this was approved under a Humanitarian Device Exemption (HDE).

FDA Device Database

as a result of this Clinical Trial:

Safety and Feasibility of MR-Guided High Intensity Focused Ultrasound (MR-HIFU) Ablation of Osteoid Osteoma in Children

Trial started January 2015 and currently listed as "Active, not recruiting". There is an article listed near the bottom of that link. If you click on that article, then in it click on Similar Articles and Cited By, you will find a lot of information related to this type of treatment.

I just took a quick look at some of the information in those links; you will find a lot of very good information. One that I liked a lot is here:

Magnetic Resonance Imaging-guided High-intensity Focused Ultrasound Applications in Pediatrics: Early Experience at Children's National Medical Center

Although clinical experience in pediatrics is relatively small, the advantages of a completely noninvasive and radiation-free therapy are especially attractive to growing children. Unlike elderly patients, young children must deal with an entire lifetime of negative effects related to collateral tissue damage associated with invasive surgery, side effects of chemotherapy, and risk of secondary malignancy due to radiation exposure. These reasons provide a clear rationale and strong motivation to further advance clinical utility of MR-HIFU in pediatrics.

Nice information. Will love to see what the company says about all of this. It may force me to change my current thinking on this company. Currently I'm using a 2/3rd Core, 1/3 Trading position. Might have to stop trading for a while.

Shout-out to hayfarmer for the tip on this company. Been trading it for a while and have done well. But this is looking even better now.