American Shared Hospital Services (ASHS) will suspend its cash dividend and invest the funds to advance its proton beam radiation therapy (PBRT) business.
The publicly traded San Francisco-based company currently has contracts to place PBRT devices at Tufts-New England Medical Center in Boston and M. D. Anderson Cancer Center in Orlando, FL, depending on U.S. Food and Drug Administration clearance.
ASHS also recently increased its equity interest in privately owned Still River Systems of Littleton, MA, which developed the Clinatron 250 PBRT system.
By AuntMinnie.com staff writers
September 24, 2007
Related Reading
American Shared inks proton-beam deal with M. D. Anderson, November 16, 2006
American Shared adds IGRT to Tufts, June 1, 2006
American Shared reports rising sales and profit, May 4, 2006
American Shared to fund proton beam development, April 11, 2006
American Shared opens new Gamma Knife center, August 12, 2005
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