- Business
- Profound Medical Corp. (TSX:PRN; NASDAQ:PROF) develops and commercializes customizable, incision-free therapies that combine real-time magnetic resonance imaging, thermal ultrasound, robotically-driven ablation and closed-loop temperature feedback control for the radiation-free treatment of diseased tissue, primarily targeting prostate conditions and uterine fibroids; its lead product, TULSA-PRO, provides transurethral ultrasound ablation for localized prostate cancer, radio-recurrent prostate cancer, benign prostatic hyperplasia and palliation in advanced cases, offering customizable whole-gland or partial ablation while preserving functional abilities such as urinary continence and sexual function, with CE mark, Health Canada approval and U.S. FDA 510(k) clearance; it also markets Sonalleve, a MR-HIFU platform for non-invasive treatment of uterine fibroids and bone metastases pain palliation, approved by the China FDA for fibroids and under exploration for abdominal cancers and hyperthermia applications. Founded in 2008 and headquartered in Mississauga, Ontario, Canada, the company operates globally with key commercial activities in North America, Europe and Asia Pacific, serving urologists, oncologists and interventional radiologists through direct sales, partnerships and distribution networks. Recent developments include an exclusive distribution and supply agreement with Getz Healthcare in November 2025 to commercialize TULSA-PRO in Australia and New Zealand, regaining exclusive Canadian distribution rights from Knight Therapeutic via a one-time payment in November 2025, and a strategic partnership between Texas Prostate and Dallas Medical Center to launch a TULSA program expanding Medicare access in the U.S.