RITA Medical Systems, Inc

RITA Medical Systems develops, manufactures and markets innovative products for patients with solid cancerous or benign tumors.

Business Model:

Revenue: $0

Employees: 1,001-5,000

Rankings

Detailed RITA Medical Systems, Inc Information

RITA Medical Systems, Inc was acquired by AngioDynamics.
The acquisition happend on 2006-11-28.
Details of the transaction were not public

Acquirer

Geographic Data

RITA Medical Systems, Inc headquarters map

Address:

City: Fremont

State: California

Zip:

Country: United States

Financial Info

Stage:

private equity

Raised Last:

$9M

Raised Total:

$9M

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0Website Global Rank

0Website Monthly Traffic

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Description

RITA Medical Systems develops, manufactures and markets innovative products for patients with solid cancerous or benign tumors. The proprietary RITA system uses radiofrequency energy to heat tissue to a high enough temperature to ablate it or cause cell death. While the Company&s;s current focus is on liver cancer and metastatic bone cancer, the Company believes that its minimally invasive technology may in the future be applied to other types of tumors, including tumors of the lung, breast, uterus, prostate and kidney. The Company has received regulatory clearance in major markets worldwide, including the United States. In March 2000, RITA became the first radiofrequency ablation company to receive specific FDA clearance for unresectable liver lesions in addition to its previous general FDA clearance for the ablation of soft tissue. In October 2002, RITA again became the first company to receive specific FDA clearance, this time, for the palliation of pain associated with metastatic lesions involving bone. The Company has sold over 40,000 of its disposable devices throughout the world.

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Contact Email:

Announced Date Company Transaction Money Raised
Announced Date Transaction Number of Investors Money Raised Lead Investors
1/1998 Venture Round 1 - Morgan Stanley Expansion Capital
Morgan Stanley Expansion Capital
1/2003 Private Equity Round 1 $9M BayStar Capital
BayStar Capital
1/1998 Venture Round 1 - Morgan Stanley Expansion Capital
Morgan Stanley Expansion Capital
Announced Date Name Price

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