EDAP Announces Reimbursement Approval in Switzerland for the Use of High-Intensity Focused Ultrasound (HIFU) in the Treatment of Prostate Cancer

LYON, France, July 26, 2023 -- EDAP TMS SA (Nasdaq: EDAP) (“the Company”), the global leader in robotic energy-based therapies, today announced that it has received reimbursement approval in Switzerland for the use of High-Intensity Focused Ultrasound (HIFU) in the treatment of prostate cancer. This reimbursement took effect on July 1, 2023.

"Receipt of appropriate reimbursement from the Swiss healthcare authorities is another acknowledgment of the growing, worldwide acceptance of HIFU as an effective treatment option for men diagnosed with prostate cancer,” remarked Ryan Rhodes, Chief Executive Officer of EDAP TMS. “We expect this change will result in a growing awareness of HIFU as an important treatment option in Switzerland, which should lead to more patient demand for Focal One Robotic HIFU procedures. Additionally, increasing access to Focal One in Switzerland may signal greater momentum in Europe for hospitals and payors to support HIFU as an integral part of the comprehensive management of prostate cancer."

“Thanks to the new reimbursement of HIFU in Switzerland, Swiss patients with prostate cancer now have greater access to a precise treatment option with low side effects,” said Dr. Daniel Eberli, Professor of Urology, Director of Department of Urology at the University Hospital Zurich who led the initiative to secure reimbursement for HIFU in Switzerland.

Switzerland has many hospitals ranked amongst the best 250 in the world according to Newsweek’s “The World’s Best Hospitals 2023”. Included in this list is the University of Zurich, the leading innovation center for HIFU in the country and a Focal One site. The University of Zurich is also a member of the League of European Research Universities, placing it among Europe's most prestigious research institutions. Switzerland is also a member of the DACH market region (including Germany, Austria and Switzerland) with over 100 million total inhabitants.

About EDAP TMS SA

A recognized leader in the global therapeutic ultrasound market. EDAP TMS develops, manufactures, promotes and distributes worldwide minimally invasive medical devices for various pathologies using ultrasound technology. By combining the latest technologies in imaging and treatment modalities in its complete range of Robotic HIFU devices, EDAP TMS introduced the Focal One in Europe and in the U.S. as an answer to all requirements for ideal prostate tissue ablation. With the addition of the ExactVu Micro-Ultrasound device, EDAP TMS is now the only company offering a complete solution from diagnostics to focal treatment of Prostate Cancer. EDAP TMS also produces and distributes other medical equipment including the Sonolith i-move lithotripter and lasers for the treatment of urinary tract stones using extra-corporeal shockwave lithotripsy (ESWL). For more information on the Company, please visit http://www.edap-tms.com, us.hifu-prostate.com and www.focalone.com.