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Cash-rich TomoTherapy has no plans for IPO

Madison, Wis. - TomoTherapy, Inc., the medical device developer that has secured $42 million in outside equity and has rapidly grown sales of its precision radiation therapy technology based on the innovations of University of Wisconsin-Madison researchers, is riding high.

So high that it can take its time......

Full article >>> are going a long way toward sustaining the company.

"We have a lot of options at this point. Banks have been very helpful and we have a very strong cash balance. We are in good shape." Mackie said. "It's a nice situation to be in. We're not really beholden to the market."

CEO Fred Robertson echoed those sentiments. "We are looking at liquidity options," Robertson said. "We are ve......

Full article >>> Carlos Perez, Ph.D., author of a textbook on radiation oncology, said the Hi-Art system is an ideal way to treat patients, and will have far-reaching applications for image-guided radiation therapy.

Sun Prairie resident and cancer survivor Chuck Mueller told his story of undergoing a successful month-long TomoTherapy treatment process. He described the experience of being placed on a pre......

Full article >>> le contributions in this spirit.

Wisconsin Department of Commerce deputy secretary Dave Storey presented a $500,000 loan to TomoTherapy on behalf of Gov. Jim Doyle.

"TomoTherapy, Inc. is exactly the type of manufacturer we are looking to grow here in Wisconsin - a high-end manufacturer requiring a high-end workforce," Doyle said in a......

Full article >>>
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Source:wistechnology.com By Chris Fleissner 07/18/06


Related biology technology :

1. TomoTherapy reports 86% revenue jump, $131M net loss in Q1
2. TomoTherapy opens technical training center
3. TomoTherapy raises $223 million in IPO
4. TomoTherapy revises IPO money target
5. Hospital named for Madame Curie installs TomoTherapy system
6. TomoTherapy files registration statement for IPO
7. TomoTherapy to sell medical devices in India
8. TomoTherapy sees sustained market advantage
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