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North American Scientific Inc

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CALIFORNIA | LOCAL
October 26, 1999
North American Scientific Inc., Chatsworth, and Theseus Imaging Corp. announced the signing of an agreement and plan of merger providing NASI the exclusive right to acquire Theseus in a stock-for-stock exchange. Under the terms of the agreement, Theseus stockholders will receive up to 200,000 shares of newly issued NASI common stock and certain royalty rights in exchange for 100% of Theseus' common stock.
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CALIFORNIA | LOCAL
December 26, 2000
North American Scientific Inc. in Chatsworth has closed a public offering of 2.5 million shares of its common stock, including 180,000 stockholder shares, at a price of $17.88 per share. The underwriters also exercised their option to purchase an additional 375,000 shares to cover over-allotments at the same price. Gross proceeds from the offering were $51.4 million. Net proceeds to the company were approximately $44.7 million. CIBC World Markets Corp.
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CALIFORNIA | LOCAL
December 14, 1999
North American Scientific Inc. reported net income for the fourth quarter ended Oct. 31 of $1.2 million compared to net income of $359,000 for the same quarter last year. Sales rose to $3.9 million from $1.9 million. For fiscal 1999, the company reported net income of $3.4 million compared to $1.1 million. Net sales rose to $12.8 million from $5.8 million. North American Scientific develops radioactive seeds for the therapeutic treatment of cancer.
CALIFORNIA | LOCAL
December 19, 2000
North American Scientific Inc. of Chatsworth announced the pricing of its public offering of 2.5 million shares of its common stock, including 180,000 shares offered by current stockholders, at a price of $17.88 per share. CIBC World Markets Corp. is acting as lead manager for the offering, with UBS Warburg LLC and Leerink Swann & Co. acting as co-managers.
CALIFORNIA | LOCAL
August 24, 1999
North American Scientific Inc., Chatsworth, announced net income for the company increased to $981,000 for the quarter ended July 31, 1999, compared with net income of $420,000 for the same period of the previous year. Net sales increased 90% to $3.4 million compared with net sales of $1.8 million. North American Scientific manufactures a broad line of products for medical therapeutic and diagnostic, environmental and research applications.
CALIFORNIA | LOCAL
February 29, 2000
North American Scientific Inc. of Chatsworth reported net income of $1.2 million for the first quarter that ended Jan. 31, compared with $510,000 for the same quarter last year. Revenue rose to $4 million from $2.4 million. NASI manufactures products for medical, diagnostic, environmental and research applications.
BUSINESS
December 29, 1992
North American Scientific Inc. in North Hollywood said it has signed a long-term agreement with the International Economic Federation in Moscow from whom NASI will buy Russian-made radioisotopes and other radiation materials. Shipments are expected to begin in early 1993 and will exceed $300,000 in value. NASI makes a broad line of low-level radiation sources and standards for applications in environmental monitoring, nuclear medicine, biotechnology and aerospace.
BUSINESS
September 16, 1997
North American Scientific Inc. reported a net income of $41,200 for its fiscal third quarter, compared with $115,800 a year ago. The North Hollywood company posted sales for the quarter, which ended July 31, of $820,400, down 2% from $836,300 the year before. For the nine months, the company reported net profit of $220,200, down 16% from $261,500 in 1996. Sales were $2.6 million, up 30% from $2.0 million in 1996.
CALIFORNIA | LOCAL
October 24, 2000
North American Scientific Inc., Chatsworth, has acquired Theseus Imaging Corp. Under the closing terms, Theseus shareholders will receive 346,000 shares of NASI common stock and options in exchange for 100% of Theseus common stock. In addition NASI will assume all of Theseus obligations including approximately $8 million advanced to Theseus by NASI and $2.5 million in other debt. Theseus will operate as a wholly owned subsidiary of NASI. Theseus develops proprietary biomedical technologies.
CALIFORNIA | LOCAL
October 24, 2000
North American Scientific Inc., Chatsworth, has acquired Theseus Imaging Corp. Under the closing terms, Theseus shareholders will receive 346,000 shares of NASI common stock and options in exchange for 100% of Theseus common stock. In addition NASI will assume all of Theseus obligations including approximately $8 million advanced to Theseus by NASI and $2.5 million in other debt. Theseus will operate as a wholly owned subsidiary of NASI. Theseus develops proprietary biomedical technologies.
CALIFORNIA | LOCAL
October 3, 2000
North American Scientific Inc., Chatsworth, said it plans to complete the acquisition of Theseus Imaging Corp. later this month. The terms of the purchase have been renegotiated since the merger agreement was announced in October 1999. Theseus shareholders will receive up to 350,000 shares of NASI common stock in exchange for all of Theseus common stock. In addition NASI will assume all of Theseus obligations including $7.5 million advanced to Theseus by NASI for research and development.
CALIFORNIA | LOCAL
September 12, 2000 | JENNIFER PENDLETON, SPECIAL TO THE TIMES
Growing public awareness of prostate cancer has been a boon to North American Scientific Inc., a maker of radioactive "seeds" used in a relatively new treatment for localized prostate cancer called brachytherapy. Prostate cancer struck 180,000 American men last year and claimed 37,000 lives, intensifying the search for new and improved treatments for the disease.
CALIFORNIA | LOCAL
February 29, 2000
North American Scientific Inc. of Chatsworth reported net income of $1.2 million for the first quarter that ended Jan. 31, compared with $510,000 for the same quarter last year. Revenue rose to $4 million from $2.4 million. NASI manufactures products for medical, diagnostic, environmental and research applications.
CALIFORNIA | LOCAL
December 14, 1999
North American Scientific Inc. reported net income for the fourth quarter ended Oct. 31 of $1.2 million compared to net income of $359,000 for the same quarter last year. Sales rose to $3.9 million from $1.9 million. For fiscal 1999, the company reported net income of $3.4 million compared to $1.1 million. Net sales rose to $12.8 million from $5.8 million. North American Scientific develops radioactive seeds for the therapeutic treatment of cancer.
CALIFORNIA | LOCAL
October 26, 1999
North American Scientific Inc., Chatsworth, and Theseus Imaging Corp. announced the signing of an agreement and plan of merger providing NASI the exclusive right to acquire Theseus in a stock-for-stock exchange. Under the terms of the agreement, Theseus stockholders will receive up to 200,000 shares of newly issued NASI common stock and certain royalty rights in exchange for 100% of Theseus' common stock.
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