Business & Finance

Medical technology company seeks strategic and financial alternatives

Published in Medical Devices and Surgical Technology Week, February 13th, 2005

Novoste Corporation (NASDAQ: NOVT) announced that it has been actively seeking new product opportunities, as well as a merger, business combination or other disposition of its business or assets, due to the continuing challenges facing its declining vascular brachytherapy products business.

As previously announced, the company retained an investment banking and strategic advisor, Asante Partners LLC, in April 2004, to assist the company in its efforts to identify and implement strategic and financial alternatives. Based on the outcome of this process, the company expects to determine in the near term how best to proceed.

As part of its review of...

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Source: Medical Devices and Surgical Technology Week (2005-02-13)

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