Leadership Transition at PROCEPT BioRobotics: What’s Next?
Leadership Changes at PROCEPT BioRobotics
PROCEPT BioRobotics has announced a significant transition in its leadership team. Larry L. Wood will join as the new president and CEO, taking on this role effective September 2, 2025. This follows the retirement of Dr. Reza Zadno, who has led the company through remarkable growth and development since 2020.
Celebrating Dr. Reza Zadno's Accomplishments
Dr. Zadno's tenure has been marked by substantial advancements. Under his guidance, the company has expanded the adoption of Aquablation therapy for treating benign prostatic hyperplasia (BPH). This approach has dramatically improved the treatment landscape for patients. Additionally, he oversaw the company’s public offering in 2021 and initiated promising clinical trials for prostate cancer treatment.
Welcoming Larry L. Wood
Larry L. Wood brings over 40 years of experience in the medical technology field. His previous role as corporate vice president at Edwards Lifesciences has equipped him with valuable insights into innovative medical device markets. Wood has expressed his excitement in leading PROCEPT BioRobotics into its next chapter, highlighting the company's potential to transform patient care in urology.
Financial Performance and Future Outlook
As part of the leadership announcement, PROCEPT BioRobotics has also pre-announced a strong financial performance for the second quarter of 2025, with projected revenues of approximately $79.2 million, reflecting a remarkable annual growth rate of 48%. This growth showcases the company's commitment to enhancing its product offerings and expanding its market reach.
Impact on Patients and Doctors
The commitment to improving patient care is at the heart of PROCEPT BioRobotics' mission. The company's innovative robotic systems, namely the AQUABEAM® and the unique HYDROS Robotic System, aim to deliver precise and effective treatments for BPH, ensuring better outcomes for doctors and patients alike. With over 150 peer-reviewed publications supporting the advantages of Aquablation therapy, PROCEPT continues to lead in clinical excellence.
Looking Forward
As PROCEPT BioRobotics moves forward under new leadership, the focus will remain on innovation that aligns with the evolving needs of urologists and their patients. The company’s board expresses confidence in Larry Wood's ability to utilize his extensive experience to further enhance the company’s commitment to quality and technological advancement in urology.
Frequently Asked Questions
What prompted the leadership change at PROCEPT BioRobotics?
The transition was part of a strategic plan to continue advancing the company’s innovative technologies and patient care under new leadership.
Who is the new CEO of PROCEPT BioRobotics?
Larry L. Wood has been appointed as the new CEO, effective September 2, 2025.
What are the expected revenues for PROCEPT in Q2 2025?
The company anticipates revenues of approximately $79.2 million, marking a growth of 48% year-over-year.
How has Dr. Zadno contributed to the company?
Dr. Zadno significantly expanded the adoption of Aquablation therapy and led the company through various milestones, including successful public offerings.
What is the mission of PROCEPT BioRobotics?
The mission is to revolutionize the treatment of BPH globally by delivering advanced robotic surgical solutions that positively impact patient outcomes.
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