BSD Medical Corporation (NASDAQ: BSDM) Could Be Heating Up
September 2nd, 2010 at 9:07 am Posted by
BSD Medical Corporation (NASDAQ: BSDM) develops, manufactures, markets, and services medical systems that deliver precision-focused radio frequency or microwave energy into diseased areas of the body, heating them to specified temperatures as required by a variety of medical therapies.
BSDM focuses on products for thermal ablation and hyperthermia cancer therapy through a number of techniques including thermal ablation, which removes material from the surface of soft tissues at high temperature using focused microwave energy.
The Company has a number of products that utilize this technology including MicroThermX-100 microwave ablation system; MicroThermX-180 microwave ablation system; BSD-500 for localized therapeutic heating; and the BSD-2000 and BSD-2000/3D, which use radio frequency energy to apply therapeutic heating to solid tumors.
On Wednesday, BSDM reported that its MicroThermX Microwave Ablation System (MTX-180) meets all requirements for safety and performance needed for compliance with the IEC 60601-1 safety standard, which “is the global benchmark for safety of medical equipment and is a crucial took for demonstrating compliance with regulatory requirements around the world, including the requirements for CE Marking and FDA clearance.”
This is a significant development for the Company, as BSDM will now be able to more readily market their products in their industry, as most hospitals and clinics in the United States require a safety mark on equipment prior to purchase.
In trading yesterday, BSDM moved from Tuesday’s close of $2.20 to a high of $2.49, gaining about 13% on relatively modest volume of 1,286,611 shares.
