Boston, MA 05/24/2013 (wallstreetpr) – The share prices of BSD Medical Corp. (NASDAQ:BSDM) witnessed an increase of 11.67 percent to close at $1.34 per share for the end of last trading session. The shares of the company traded in the range of $1.18 per share to $1.35 per share during the day. The 52 week low price of the shares of BSD Medical Corp. (NASDAQ:BSDM) is at $0.76 per share and the 52 week high price for the shares is $2.41 per share.
BSD Medical Corp. (NASDAQ:BSDM) is engaged in the development and distribution of medical systems which use heat for the treatment of cancer patients. The medical systems developed by the company uses focused radio frequency and microwave energy in the treatment of cancer. BSD Medical Corp. (NASDAQ:BSDM) focuses on production and commercialization of products for treatment of cancer and plans for expansion to other diseases and medical ailments.
The microwave thermal therapy developed by BSD Medical Corp. (NASDAQ:BSDM) is used for the treatment of cancer symptoms associated with the enlarged prostate and such other conditions. The pharmaceutical company had recently announced that its distributor of medical systems in Taiwan had submitted the product candidate Hyperthermia System (BSD-2000) for marketing approval from the Taiwanese Food and Drug Administration.
BSD Medical Corp. (NASDAQ:BSDM) presently has 29.75 million shares outstanding in the market and the average trading volume of the company is 243,409 shares per day. The pharmaceutical company holds an institutional ownership of 6 percent of the holdings in the capital.
