Above and Below the Belt in Women's Health Care: Cytyc buys Proxima

Cytyc purchased Proxima Therapeutics, a brachytherapy company with a device to treat breast cancer, for $160 million in cash, following on its acquisition last year of Novacept, a manufacturer of a minimally-invasive endometrial ablation device to treat excessive menstrual bleeding. Three years earlier, Cytyc had acquired Pro-Duct Health, developer of a new test to assess the breast cancer risk of an at-risk patient. Cytyc is clearly going in the direction of creating an overall franchise in women's health, integrating diagnostics and therapeutics, both above and below the belt. But investors want to know that deals don't simply represent a piecemeal, opportunistic approach to business development, but that they fit together in a larger context. It's all about leveraging Cytyc's distribution channel in women's health, says CEO Patrick Sullivan.

Cytyc Corp. 's recent $160 million cash purchase of Proxima Therapeutics Inc. , a brachytherapy company with a device to treat breast cancer [See Deal], follows its acquisition last year of Novacept Inc. , a manufacturer of a minimally invasive endometrial ablation device to treat excessive menstrual bleeding, for $325 million [See Deal]. Three years earlier, Cytyc had acquired, for $174 million, Pro-Duct Health, developer of a new test to assess the breast cancer risk of an at-risk patient [See Deal]. In November 2004, Cytyc also made an equity investment in Valeo Medical Inc. , developer of a noninvasive endometriosis diagnostic [See Deal].

Cytyc still gets 84% of its $393 million in annual revenues from its ThinPrep cervical cancer testing product line, and, having in 2002 been blocked by the Federal Trade Commission...

Read the full article – start your free trial today!

Join thousands of industry professionals who rely on In Vivo for daily insights

  • Start your 7-day free trial
  • Explore trusted news, analysis, and insights
  • Access comprehensive global coverage
  • Enjoy instant access – no credit card required

More from Archive

More from In Vivo

The 360 Degrees Of European Biotech Financing In 2025

 
• By 

Almost halfway through 2025, and financing for European biotech could be described as challenging. Market volatility, geopolitical instability and trade barriers all loom large in biotech CEO minds when pitching for funding. In Vivo talked to biotechs and investors to gain a realistic view of the current market for company funding so far this year.

Rising Leaders 2025: Pedro Valencia’s ADC Vision At AbbVie

 
• By 

From chemical engineering to cancer innovation, AbbVie's rising oncology leader is advancing next-generation ADCs to tackle difficult-to-treat tumors with a patient-centered approach.

Leaders At The Frontier: Conversations From SynBioBeta 2025

 
• By 

Mini-profiles of five synthetic biology companies and their leaders from SynBioBeta 2025 reveal how AI integration, data-driven platforms and interdisciplinary teams are revolutionizing drug discovery and manufacturing.