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PainReform Stock Spikes As It Rebrands, Expands Beyond Pharma With AI, Clean Energy Push
Benzinga· 2026-01-16 16:39
Core Viewpoint - PainReform Ltd. has changed its name to PRF Technologies Ltd. to better reflect its expanding portfolio, which now includes specialty pharmaceuticals and AI-driven renewable energy analytics [1][2]. Company Developments - The company is advancing its non-opioid postoperative pain therapy, PRF-110, and developing new products like OcuRing-K, a dropless ocular therapy for cataract surgery [3]. - PRF Technologies has established a presence in the renewable energy sector with DeepSolar, an AI-driven analytics platform for solar assets, which is moving into early commercial deployment [6]. Clinical and Preclinical Studies - In a phase 1 study, no treatment-emergent adverse events related to the study drug were observed, and no serious adverse events were reported [4]. - Preclinical rabbit studies showed favorable local tolerability for OcuRing-K, with no evidence of ocular tissue abnormalities [5]. Stock Performance - PRFX stock is currently trading 21.12% above its 20-day simple moving average (SMA) and 12.9% above its 100-day SMA, indicating short-term strength [7]. - Over the past 12 months, shares have decreased by 60.93% and are closer to their 52-week lows than highs [7]. - The stock is up 47.72% at $1.22 at the time of publication [12]. Technical Indicators - The RSI is at 47.81, indicating neutral territory, while the MACD is above its signal line, suggesting bullish momentum [7][8]. - Benzinga Edge scorecard indicates a "High-Flyer" setup with a momentum score of 83, but a low value score of 4 warns that the stock is priced for perfection [9][11].
PainReform Ltd. Changes Name to PRF Technologies Ltd.
Globenewswire· 2026-01-15 21:05
Core Viewpoint - PRF Technologies Ltd. has undergone a corporate name change from PainReform to reflect its evolution into a diversified innovation platform, expanding beyond its original single-product focus into specialty pharmaceuticals, advanced drug-delivery technologies, and AI-driven renewable-energy analytics [1][2]. Company Evolution - The name change signifies a strategic shift as the company broadens its portfolio across multiple high-growth markets, continuing to advance its non-opioid postoperative pain therapy PRF-110 while establishing additional growth platforms through LayerBio and DeepSolar [3][4]. Pharmaceutical Platform Expansion - PRF has entered the ophthalmology market with OcuRing™-K, a patented sustained-release ocular therapy aimed at addressing pain and inflammation post-cataract surgery, a multi-billion-dollar global market [4][5]. - OcuRing™-K is designed for controlled, localized therapy from a single application, eliminating the need for weeks of post-surgical eye drops, and is advancing toward the next stage of clinical development [5]. AI-Driven Energy Analytics - The company has developed DeepSolar, an AI-driven solar analytics and digital asset-management business targeting the expanding global renewable-energy market, transforming complex data into actionable intelligence for solar assets [6]. - DeepSolar has moved from development to early commercial deployment, with pilot projects progressing into customer engagements as solar assets age [6]. Strategic Growth Positioning - The transition to PRF Technologies Ltd. aims to build long-term value through diversification, platform scalability, and disciplined execution across healthcare and clean-energy technology markets [7]. - The company is focused on creating multiple platforms and paths forward, reducing reliance on any single outcome to establish durable, long-term value [8]. Company Overview - PRF Technologies Ltd. is a diversified innovation company advancing specialty pharmaceutical therapies and AI-driven energy analytics, focusing on improving patient outcomes while reducing reliance on opioids [9].