Streetbeat News

ICCM

IceCure Medical Ltd

Industry

Medical - Devices

IceCure Medical Ltd, a medical device company, engages in the research, development, and commercialization of medical devices for cryoablation (freezing) of tumors in the human body. It offers ProSense system, a cryoablation solution for the treatment of breast tumors. The company was incorporated in 2006 and is headquartered in Caesarea, Israel.

Open

1.38

Mkt cap

80M

Volume

166K

High

1.44

P/E Ratio

-5.07

52-wk high

1.66

Low

1.38

Div yield

N/A

52-wk low

0.48

IceCure Medical Ltd. (NASDAQ:ICCM) announced its participation in the 10th Annual Conference of the Breast Imaging Society of India (BISICON 2023) where its ProSense® System was featured. The system, a minimally-invasive cryoablation technology that destroys tumors by freezing, was used to perform India's first breast cryoablation procedure in June 2023. The ICE3 trial results of ProSense® showed a 96.91% recurrence free rate, 100% safety, and 100% doctor and patient satisfaction. The trial is expected to be finalized in Q1 2024.

Portfolio Pulse from Benzinga Newsdesk

October 30, 2023 | 12:06 pm

Several stocks are moving in pre-market trading. Maris-Tech Ltd. (MTEK) shares rose 38% after the launch of Jupiter Drones. ParaZero Technologies Ltd. (PRZO) shares gained 27.6% after receiving authorization for drones to operate over populated areas. Avidity Biosciences, Inc. (RNA) rose 9.1% after disclosing positive AOC 1001 data. Shift Technologies, Inc. (SFT) fell 85% as it intends to file a voluntary Chapter 11 petition. Kubient, Inc. (KBNT) shares fell 21.2% after implementing a 36% reduction in the company's workforce.

Portfolio Pulse from Lisa Levin

October 09, 2023 | 12:20 pm

An independent study in Italy has shown that IceCure Medical's ProSense has a tumor reduction rate of 93.43% to 96.81% in women deemed inoperable for breast cancer. The Luminal-A group showed no residual malignant cells, indicating the complete effectiveness of the treatment.

Portfolio Pulse from Benzinga Newsdesk

October 05, 2023 | 12:05 pm

Delta Apparel shares rose by 8.1% in pre-market trading after the company received an unsolicited offer to purchase its Salt Life business. Other notable pre-market movers include VIQ Solutions, Molekule Group, AgileThought, ALX Oncology Holdings, SIGNA Sports United, Loop Media, Renalytix, MSP Recovery, and SeaStar Medical Holding. On the losing side, AERWINS Technologies, SmileDirectClub, Nisun International Enterprise Development Group, Actelis Networks, NRx Pharmaceuticals, Eastside Distilling, OpGen, Better Choice Company, IceCure Medical, and Femasys saw declines.

Portfolio Pulse from Lisa Levin

October 03, 2023 | 12:02 pm

US stocks traded mostly lower with the Dow Jones falling over 150 points. Crude oil fell by 2.1% and gold by 1%. AERWINS Technologies Inc. (AWIN) shares rose by 76% as the company considers strategic alternatives for its non-core operations. IceCure Medical Ltd (ICCM) shares rose by 57% after new data validated its ProSense Cryoablation as a safe and effective outpatient procedure for breast cancer. Pitney Bowes Inc. (PBI) shares rose by 13% after announcing a leadership transition. SmileDirectClub, Inc. (SDC) shares dropped by 62% after filing for Chapter 11 bankruptcy. Intelligent Bio Solutions Inc. (INBS) shares fell by 56% after announcing pricing of a $4,000,000 underwritten public offering. Enerflex Ltd. (EFXT) shares fell by 23% after announcing a CFO transition.

Portfolio Pulse from Lisa Levin

October 02, 2023 | 6:25 pm

The article lists the stocks that gained and lost the most in Monday's mid-day session. Among the gainers, AERWINS Technologies Inc. (NASDAQ:AWIN) shares climbed 86.1% after the company said it is considering strategic alternatives for its non-core operations. Among the losers, SmileDirectClub, Inc. (NASDAQ:SDC) shares dipped 62% after the company filed for Chapter 11 bankruptcy.

Portfolio Pulse from Lisa Levin

October 02, 2023 | 5:00 pm

U.S. stocks traded mixed with the Nasdaq Composite gaining and the Dow and S&P 500 falling. The ISM manufacturing PMI increased to 49 in September, above market estimates. AERWINS Technologies, IceCure Medical, and Invitae Corporation saw their shares rise after positive company news. SmileDirectClub, Intelligent Bio Solutions, and Enerflex saw their shares drop due to negative company news. Gold and oil prices fell.

Portfolio Pulse from Lisa Levin

October 02, 2023 | 4:05 pm

IceCure Medical Ltd (NASDAQ:ICCM) announced new data validating its ProSense Cryoablation as a safe and effective outpatient procedure for breast cancer with a 96.8% success rate. The study used ProSense for cryoablation treatment of 31 patients with early-stage breast cancer who declined surgery. The company's shares are up 46.40% at $0.79 on the last check Monday.

Portfolio Pulse from Vandana Singh

October 02, 2023 | 3:44 pm

IceCure Medical announced that an independent study validated its ProSense cryoblation treatment as a safe and effective outpatient procedure for breast cancer with a 96.8% success rate. This news has led to a rise in the company's stock.

Portfolio Pulse from Benzinga Newsdesk

October 02, 2023 | 2:21 pm

IceCure's ProSense Cryoablation has been validated as a safe and effective outpatient procedure for breast cancer with a 96.8% success rate, boosting ICCM shares by 119%. Coinbase (COIN) shares rose by 5.75% after the company secured a payment institution license from the Monetary Authority of Singapore. Viatris (VTRS) shares increased by 4% following the company's announcement of an offer to sell its OTC business and an agreement to sell its Women's Healthcare and API businesses in India.

Portfolio Pulse from ryanfaloona@benzinga.com

October 02, 2023 | 12:48 pm

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