PRF Technologies Ltd. operates as a specialized pharmaceutical company, currently in the clinical development stage, with a focus on pioneering treatments that deliver sustained post-surgical pain management. Central to its pipeline is PRF-110, a distinctive clear, viscous, oil-based solution. This innovative product is engineered for direct application into surgical incisions, aiming to provide targeted and prolonged alleviation of discomfort following operations. PRF-110 is presently undergoing assessment in two pivotal Phase 3 clinical trials, specifically for individuals recovering from bunionectomy and hernia repair procedures. The company, which was originally incorporated in 2007 under the name PainReform Ltd., maintains its headquarters in Tel Aviv, Israel.
PRF Technologies Issues Letter to Shareholders Highlighting Strengthened Financial Position and Building Momentum Across Its Biotechnology and AI-Driven Energy Platforms
PRF Technologies issued a shareholder letter detailing a $10 million raise through an equity line facility, which the company states has substantially strengthened its balance sheet and funded strategic flexibility.
On the biotechnology side, subsidiary LayerBio is advancing operational preparations for a Phase 2 clinical trial of OcuRing-K, while preclinical results for PRF-110 demonstrated 72-hour analgesic activity comparable to an approved benchmark.
The company's DeepSolar unit validated its Predict platform with European market data, added Battery-to-Revenue Intelligence, and joined the NVIDIA Connect program ahead of showcasing its GridFeed solution at an industry conference.