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Novoste Suspends ''MOBILE Trial'' for Peripheral Arteries; Announces Continued Restructuring.

Publication: Business Wire
Publication Date: 26-AUG-03
Format: Online
Delivery: Immediate Online Access

Article Excerpt
Business Editors/Health/Medical Writers

NORCROSS, Ga.--(BUSINESS WIRE)--Aug. 26, 2003

Novoste Corporation (NASDAQ: NOVT) today announced that it is continuing its restructuring activities in order to position the Company for continuing cash flow, profitability and growth. The Company will suspend enrollment in its MOBILE Trial, the clinical trial initiated in 2001 to test the efficacy of vascular brachytherapy for the treatment of failed stents in the peripheral arteries. Management has determined that the current rate of enrollment in the trial would likely not result in the possibility of commercial approval...

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