Profusa (PFSA) Stock Skyrockets 36% on Milestone News – Can This Biotech Sensor Play Rebound?
Profusa (NASDAQ: PFSA) shares surged over 36% to about $0.40 in after-hours trading Oct. 28 after the company doubled production capacity for its Lumee oxygen sensor and secured European distribution deals covering 35% of its target market. The stock had dropped roughly 97% in the past six months amid revenue and liquidity issues but rallied on the news. Profusa remains under a Nasdaq compliance warning and has minimal current sales.