North American gets cancer treatment OK

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north american scientific Cancer diagnostics and treatment products company North American Scientific Inc. said Tuesday the Food and Drug Administration approved a high-dose radiation version of its breast cancer treatment.

The company received approval for the specific design of ClearPath, its breast brachytherapy, or internal radiation, product. The low-dose rate version was approved in April. Brachytherapy uses radioactive seeds placed through the breast using needles or catheters.

Shares of North American Scientific rose 6 cents, or 5.4 percent, to $1.16 on the Nasdaq in morning trading. The stock has traded between 1 cent and $3 over the last 52 weeks, and is off 49 percent since the start of the year.

source - BusinessWeek