Pulse Biosciences
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Pulse Biosciences (PLSE) investor relations material

Pulse Biosciences 44th Annual J.P. Morgan Healthcare Conference summary

Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.
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44th Annual J.P. Morgan Healthcare Conference summary14 Jan, 2026

Strategic vision, leadership, and technology differentiation

  • Focused on delivering revolutionary therapies using exclusive nanosecond pulsed field ablation (nsPFA) technology, offering unique technical and clinical advantages over existing methods.

  • Targeting large clinical markets, including electrophysiology (EP), cardiac surgery, and benign thyroid nodule ablation, with initial prioritization of these segments.

  • Emphasizing capital efficiency and market entry through direct and partnership-based business models, including direct-to-consumer strategies.

  • Leadership and board comprise experienced medtech professionals and industry veterans, with recent additions strengthening governance.

  • Ended 2025 with ~$81 million in cash and no debt, with increased burn rate reflecting investment in strategic priorities.

Technology and intellectual property

  • nsPFA delivers non-thermal, irreversible energy in billionths of a second, enabling larger, faster, and safer ablations with minimized side effects.

  • Differentiates from first-generation PFA by using nanosecond pulses for deeper, more controlled lesions and improved workflow.

  • Patent portfolio includes over 250 issued and 180 pending patents globally, with significant new filings in 2025.

  • Expanded IP portfolio by 144 issued and pending patents in the past year, covering all aspects of nsPFA technology and delivery.

  • nPulse platform targets over $6B in initial U.S. addressable markets, expanding to $16B globally.

Market opportunities and clinical progress

  • Key markets include EP for atrial fibrillation, surgical cardiac ablation, and benign thyroid nodule treatment, with EP market opportunity exceeding $3B in the U.S.

  • Surgical cardiac ablation market valued at $1.8B, with nPulse expected to be the first PFA solution to market.

  • Benign thyroid market opportunity estimated at $1.3B annually, with potential to eliminate up to 150k thyroidectomies per year.

  • nsPFA platform addresses a $6 billion initial market, leveraging a universal generator for multiple applications.

  • Thyroid application is pioneering a new interventional market, while cardiac surgery and EP ablation target existing but underpenetrated segments.

Thyroid market creation strategy
nsPFA efficacy advantage over current PFA
Next catalyst for EP partnership discussions
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Frequently asked questions

Pulse Biosciences Inc. is a medical technology company that develops therapeutic devices based on its proprietary Nano-Pulse Stimulation (NPS) technology. This technology uses short, nanosecond-duration electrical pulses to treat cellular structures, offering potential applications in dermatology, oncology, and other medical fields. Pulse Biosciences' products are designed to provide non-invasive treatment options, with the goal of improving clinical outcomes for patients in various therapeutic areas. The company is headquartered in Hayward, California, and its shares are listed on the NASDAQ.

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