iCAD, Inc. Announces Sale Of Xoft Brachytherapy Business Line To Elekta For ~$5.5M
Portfolio Pulse from Benzinga Newsdesk
iCAD, Inc. has announced the sale of its Xoft Brachytherapy business line to Elekta for approximately $5.5 million.
October 23, 2023 | 12:09 pm
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iCAD, Inc. has sold its Xoft Brachytherapy business line to Elekta for approximately $5.5 million.
The sale of the Xoft Brachytherapy business line could be seen as a strategic move by iCAD to focus on its core business. However, the impact on the stock price is uncertain as it depends on how the market perceives this sale and the use of the proceeds.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 100