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Columbia, Md.-Based Celsion Wins Approval for Prostate-Treatment Procedure.

The Baltimore Sun (Baltimore, MD)

| February 20, 2004 | COPYRIGHT 2007 The Baltimore Sun. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan.  All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)Copyright

Byline: William Patalon III

Feb. 20--Celsion Corp. yesterday received federal approval for a new microwave-based treatment for enlarged prostates, making it the Columbia company's first product to reach the commercial market.

Yesterday's approval by the Food and Drug Administration also triggers a $10 million payment from Boston Scientific Corp., the Natick, Mass.-based company that is Celsion's marketing partner. Boston Scientific, which has a strong urological products business, owns about 7 percent of Celsion's stock and signed on to market Prolieve in January 2003.

The payment would be welcome revenue for Celsion, which lost $13.27 million in…

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Source: HighBeam Research, Columbia, Md.-Based Celsion Wins Approval for Prostate-Treatment...

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