Radiology

Radiation therapy provider announces cessation of Theseus operations

Published in Cancer Weekly, September 28th, 2004

North American Scientific, Inc., (Nasdaq:NASI) announced that its board of directors has unanimously approved management's recommendation that all operations at its wholly owned subsidiary, Theseus Imaging Corporation, cease.

The company intends to redirect some of the approximately $10 million it projected to spend on the Hynic-Annexin V program in fiscal 2005 to other product development opportunities, with particular focus on its intensity modulated radiation therapy (IMRT) and image guided radiation therapy (IGRT) products.

"Despite the fact that our Hynic-Annexin V program continues to yield compelling clinical data, it has become clear to me...

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Source: Cancer Weekly (2004-09-28)

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