| Business Summary | | Rita
Medical
Systems,
Inc.
is
a
medical
device
company
that
develops,
manufactures
and
markets
minimally
invasive
products
to
treat
patients
with
solid
cancerous
or
benign
tumors.
The
Company's
proprietary
system
uses
radiofrequency
energy
to
heat
tissue
to
a
high
enough
temperature
to
ablate
it,
or
cause
cell
death.
The
RITA
system
includes
radiofrequency
generators
and
a
family
of
disposable
needle
electrode
devices
that
deliver
controlled
thermal
energy
to
the
targeted
tissue.
All
of
the
Company's
generators
employ
an
internal
computer
to
assist
the
physician
in
safely
and
effectively
controlling
the
delivery
of
radiofrequency
during
the
ablation.
The
Company's
disposable
devices
all
consist
of
needle-shaped
electrodes
containing
curved
wire
arrays
that
are
deployed
into
the
targeted
body
tissue. | More
from
Market Guide: Expanded
Business Description |
| Financial Summary | | Rita
Medical
Systems
is
a
medical
device
company
that
develops,
manufactures
and
markets
innovative
products
to
treat
patients
with
solid
cancerous
or
benign
tumors.
RITA
system
includes
radiofrequency
generators
and
disposable
needle
electrode
devices.
For
the
six
months
ended
6/30/01,
revenues
rose
66%
to
$7.1
million.
Net
loss
fell
10%
to
$6.1
million.
Results
reflect
higher
disposable
devices
sales
to
Japanese
distributors,
partially
offset
by
higher
costs
of
R&D. | More
from
Market Guide: Significant
Developments |
| | | | FY2000
Compensation | | Pay | Exer | |
| Barry Cheskin, 40 Pres,
CEO, Director | $431K | $670K | Marilynne Solloway, 53 CFO | 230K | 541K | Ronald Steckel, 47 Sr.
VP--operations | 224K | 109K | Vicki Hacker, 44 VP,
Clinical Affairs | -- | -- | David Martin, 36 VP,
Global Sales | 229K | -- | Dollar
amounts are as of 31-Dec-2000 and compensation values are for the fiscal year ending on that date; "Pay" is salary, bonuses, etc.; "Exer" is the value of options excercised during the fiscal year. |
| More
from
Market Guide on Officers & Directors: Expanded
List, Bios,
Compensation,
Options
|
|