Profusa Launches Lumee Monitoring System Targeting $47.9 Billion CRO Market
Profusa Inc's stock surged by 26.18% as it crossed above the 5-day SMA, reflecting strong investor interest following the launch of its Lumee tissue oxygen monitoring system.
The launch of the Lumee system is strategically aimed at the contract research organization (CRO) market, projected to generate immediate service revenue in a $47.9 billion global market. This innovative platform enables continuous measurement of tissue oxygen levels, addressing the demand for real-time biological data and enhancing drug development efficiency. Additionally, Profusa appointed Sean Givens as Head of Government and Healthcare Research Business to drive commercialization efforts, further solidifying the company's position in the biotech sector.
This significant market opportunity not only opens new revenue streams for Profusa but also positions the company favorably within a rapidly growing industry, as the global pharmaceutical CRO market is expected to expand significantly in the coming years.
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