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Cytyc pays $160million for breast radiation therapy firm

This article was originally published in Clinica

Executive Summary

Cytyc has agreed to pay $160m in cash for Proxima Therapeutics, a private company with an FDA-cleared post-lumpectomy targeted radiation therapy system for early-stage breast cancer. Proxima also sells a similar system to treat resected brain tumours, which Cytyc hopes to divest because it does not fit into its focus on women's health. Both products involve the use of a balloon catheter to deliver a radiation source directly to the cavity left following the removal of the tumour.

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