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Radiation Therapy Company hopes for reversal of fortune.

Publication: Los Angeles Business Journal
Publication Date: 17-APR-06 		Format: Online
Delivery: Immediate Online Access
Full Article Title: Radiation Therapy Company hopes for reversal of fortune.(North American Scientific Inc Corporate Focus)(Company overview)

Article Excerpt
RADIATION therapy product maker North American Scientific Inc. is hoping that breakthrough breast cancer treatment not only will revitalize the company's fortunes, but also stave off delisting from the Nasdaq National Market.

Problems integrating a 2003 acquisition and a maturing market for its core prostate cancer treatment product line left the Chatsworth-based company unable to meet growth forecasts, triggering a sell-off that over time has shrunk its market capitalization below $37 million.

North American's shares, which generally traded above $10 in 2002, have fallen 43 percent in the past year alone, closing at $2.19 on April 12.

"We frankly just disappointed people by not hitting our numbers and I can't blame any shareholder for losing some confidence in the company," said Chief Executive Michael Cutrer....

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