NASI to divest imaging agent R&D
This article was originally published in The Gray Sheet
North American Scientific, Inc. will prioritize intensity modulated radiation therapy (IMRT) and image guided radiation therapy (IGRT) oncology therapeutics by redirecting a portion of the $10 mil. annual savings that will result from a planned divestiture of its Theseus radiopharmaceutical R&D operation, the firm says. NASI bought Theseus for about $18.5 mil. in 2000; its primary product candidate is the Hynic-Annexin V nuclear imaging agent for determining early response to chemotherapy cancer treatment. Theseus operations and European Phase II lung cancer trials will be suspended Sept. 15 while awaiting sale. NASI expects to take a related $6 mil. charge. Brachytherapy seed maker NASI acquired IMRT/IGRT firm Nomos for about $56 mil. in May (1"The Gray Sheet" Nov. 3, 2003, p. 23)...
You may also be interested in...
Radiation oncology firm North American Scientific, Inc. (NASI) will more than triple its revenue to $55-$60 mil. with the purchase of intensity modulated radiation therapy (IMRT) developer Nomos under an Oct. 27 agreement
Cilta-cel maintained high response rates in longer-term multiple myeloma data, but ide-cel causes less cytokine release syndrome and severe neurotoxicity – and it has a March decision date at the US FDA.
Our updated graphic tracker of key developments from the leading vaccine candidates.