** Shares of Digital health firm Profusa PFSA.O jump 93% to $1.46 premarket
** Co says it signed a letter of intent to acquire BioInsights’ PanOmics molecular diagnostics platform in a roughly $30 mln all-stock deal
** PFSA says the deal gives Profusa exclusive rights to the technology plus access to clinical samples to validate new diagnostic tests
** PFSA says the first focus will be pancreatic cancer, a hard-to-treat cancer often needing complex surgery
** Co says it is expanding work with Mayo Clinic to monitor patients before and after pancreatic surgeries using the platform
** BioInsights to receive 3% royalty on net revenue and can nominate a Profusa board member - PFSA
** PFSA says it plans to raise additional funding to scale the diagnostics business
** As of last close, stock down ~90% YTD
(Reporting by Sahil Pandey in Bengaluru)
((Sahil.Pandey@thomsonreuters.com))