NAS to divest nontherapeutic products

Radiation therapy firm North American Scientific (NAS) has signed a definitive agreement to sell its nontherapeutic product line to Eckert & Ziegler Isotope Products of Berlin.

The transaction, valued at approximately $6 million, is subject to customary conditions and is expected to close by September 5, according to the Chatsworth, CA-based firm.

Related Reading

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NAS fails to meet Nasdaq minimum bid price, April 11, 2008

NAS revenues up in Q1, but loss widens, March 20, 2008

NAS CFO resigns, March 5, 2008

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