Profusa signs a distribution agreement in Spain for its Lumee Oxygen platform, targeting a $10.5B global market.
Quiver AI Summary
Profusa, Inc., a pioneering digital health company, has signed a Letter of Intent to establish a distribution agreement for its Lumee Oxygen platform in Spain with distributor Dismeval, S.L. This partnership aims to enhance Profusa’s distribution infrastructure in Europe, targeting a market that includes significant clinical needs in areas like peripheral artery disease and chronic wounds. Profusa estimates a global addressable market exceeding $10.5 billion for its tissue oxygen technology, highlighting its commitment to advancing real-time healthcare technologies. The company focuses on developing innovative biosensors that provide actionable medical data, supporting personal and clinical health management.
Potential Positives
- Profusa has signed a Letter of Intent for a distribution agreement in Spain, marking a strategic step in expanding its market presence in Europe.
- The partnership with Dismeval, S.L. positions Profusa to leverage an experienced distributor with expertise in the medical device sector, strengthening its operational capabilities.
- The estimated $10.5B+ global addressable market for Profusa's tissue oxygen technology highlights significant growth potential for the company in addressing critical medical needs.
- With over 300,000 endovascular procedures occurring annually in Europe, Profusa is well-placed to meet a substantial clinical demand for its Lumee Oxygen platform.
Potential Negatives
- Signing a Letter of Intent for a distribution agreement may indicate that Profusa is still in the early stages of establishing its market presence in Europe, suggesting potential delays in revenue generation.
- The heavy reliance on forward-looking statements introduces risks and uncertainties about future performance, which may lead to investor skepticism regarding the company's growth prospects.
- Concerns about the volatile nature of cryptocurrency prices could negatively impact investor confidence and the company's stock performance, despite the primary focus on medical technologies.
FAQ
What is Profusa’s recent business development in Spain?
Profusa has signed a Letter of Intent for a distribution agreement for its Lumee Oxygen platform in Spain.
Who is Profusa's distribution partner in Spain?
The distribution partner is Dismeval, S.L., specializing in medical and surgical equipment throughout Spain.
What is the Lumee Oxygen platform used for?
The Lumee Oxygen platform enables continuous monitoring of an individual’s biochemistry, specifically for tissue oxygen technology.
What is the estimated market for Profusa’s tissue oxygen technology?
Profusa estimates a $10.5B+ global addressable market for its tissue oxygen technology across various medical conditions.
How does Profusa aim to impact healthcare with its technology?
Profusa aims to provide personalized biochemical signatures with its biosensors, enhancing clinical trust and reliability in data.
Disclaimer: This is an AI-generated summary of a press release distributed by GlobeNewswire. The model used to summarize this release may make mistakes. See the full release here.
Full Release
BERKELEY, Calif, July 31, 2025 (GLOBE NEWSWIRE) -- Profusa, Inc. (“Profusa” or the “Company”) (NASDAQ: PFSA), a commercial stage digital health company pioneering the next generation of technology platform enabling the continuous monitoring of an individual’s biochemistry, announces it has signed a Letter of Intent (LOI) to enter into a distribution agreement in Spain for its Lumee Oxygen platform. The Spanish distributor, Dismeval, S.L., specializes in the distribution of medical and surgical equipment throughout Spain, including the Canary and Balearic Islands. The distribution partner has an experienced and well trained team with in-depth knowledge of the medical device sector and hands-on expertise in supporting hospital-based clinical and technical operations.
"Establishing a distributor partner in Spain for our Lumee Oxygen platform is the first, tangible step as we build a robust distribution infrastructure in Europe, in line with our strategy to bring our pioneering real-time personal healthcare technologies to the clinical community, driving growth in our business,” said Ben Hwang, Ph.D., Profusa’s Chairman and CEO. “We estimate a $10.5B+ global addressable market for our tissue oxygen technology across three indications – peripheral artery disease, chronic wounds, and critical limb ischemia. In Europe, the clinical need comes to over 300,000 endovascular procedures a year. We look forward to bringing our differentiated, next generation biosensor technology to address this market need.”
About Profusa
Based in Berkeley, Calif., Profusa is a commercial stage digital health company led by visionary scientific founders, an experienced management team and a world-class board of directors in the development of a new generation of tissue-integrated sensors to detect and continuously transmit actionable, medical-grade data for personal and medical use. With its long-lasting, injectable and affordable biosensors and its intelligent data platform, Profusa aims to provide people with a personalized biochemical signature rooted in data that clinicians can trust and rely on.
“LUMEE”, “PROFUSA” and the PROFUSA logo are registered trademarks of Profusa Inc. in the United States, Canada, European Union, China, Japan, South Korea and Australia.
For more information, visit https://profusa.com.
Special Note Regarding Forward-Looking Statements
Certain statements in this press release (this “Press Release”) may be considered “forward-looking statements” within the meaning of the “safe harbor” provisions of the United States Private Securities Litigation Reform Act of 1995. Forward-looking statements generally relate to future events or future financial or operating performance of Profusa or the combined company. In some cases, you can identify forward-looking statements by terminology such as “anticipate,” “believe,” “continue,” “could,” “estimate,” “expect,” “forecast,” “future,” “intend,” “may,” “might,” “plan,” “possible,” “potential,” “predict,” “project,” “propose,” “seek,” “should,” “strive,” “will,” or “would” or the negatives of these terms or variations of them or similar terminology. Such forward-looking statements are subject to risks, uncertainties, and other factors which may be beyond the control of Profusa and could cause actual results to differ materially from those expressed or implied by such forward-looking statements, including risks regarding the highly volatile nature of the price of Bitcoin and other cryptocurrencies, as well as the risk that the Company's stock price may be highly correlated to the price of the digital assets that it holds. These forward-looking statements are based upon estimates and assumptions that, while considered reasonable by Profusa and its management are inherently uncertain. Profusa cautions you that these statements are based on a combination of facts and factors currently known and projections of the future, which are inherently uncertain. There are risks and uncertainties described in the definitive proxy/final prospectus relating to the business combination, which has been filed with the SEC, and described in other documents filed by Profusa from time to time with the SEC. These filings may identify and address other important risks and uncertainties that could cause actual events and results to differ materially from those contained in the forward-looking statements. Profusa cannot assure you that the forward-looking statements in this communication will prove to be accurate.
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