Could this be for real!!!!!!!!!!!!
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Rita Medical moves on cancer trial
By Ciara Linnane, CBS.MarketWatch.com
Last Update: 4:14 PM ET Dec. 2, 2004
NEW YORK (CBS.MW) -- Shares of Rita Medical Systems surged as much as 67 percent Thursday, after it reported positive results for its radio-frequency ablation technology in a trial of lung cancer patients.
The stock ended up 28 percent at $3.99, having earlier touched a high of $5.23. Volume of 11 million shares traded was about 85 times the issue's average full-day volume.
Rita Medical's (RITA: news, chart, profile) RFA system, which uses radio-frequency energy to heat tissue to a high enough temperature to kill cells, achieved a 91 percent survival rate in a trial of patients with primary nonsmall-cell lung cancer after both 12 months and 18 months, the company said in a statement.
Survival among patients with metastases to the lung stood at 88 percent after 12 months and 82 percent at 18 months.
The trial results were reported by Professor Riccardo Lencioni, head of diagnostic and interventional radiology at the University of Pisa, Italy, at the Radiological Society of North America's annual meeting in Chicago.
"We believe that radio-frequency ablation should be considered a viable alternate or complementary treatment for the many patients with pulmonary tumors who unfortunately can not undergo surgical resection," said Lencioni.
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