Financial Services Industry
Industry: Email Alert RSS FeedRita Medical Systems Inc.: (RITA: NasdaqNM)--$4.65. (Equity Research).(financial analysis)
Buyside, April, 2003 by Smillie, Mark F.
Rating: Buy
Date: January 21 and January 30, 2003
Investment Recommendation:
We are reiterating our Buy rating on RITA Medical Systems Inc. (RITA). RITA is a medical device company developing innovative products that utilize radio frequency energy and minimally invasive surgery to eliminate solid cancerous and benign tumors. The system has been shown to reduce the complications associated with current treatments while increasing efficacy, safety, quality of life and in the case of liver cancer patients, survival. In addition, radio frequency ablation (RFA) can also be utilized to operate on tumors deemed unresectable by open standards.
Investment Thesis:
RITA's RFA technology has been approved by the FDA for use in...
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