IsoRay authorizes stock repurchase plan

AuntMinnie.com staff writers
Jun 2, 2008

Medical isotope developer IsoRay has authorized the repurchase of up to 1 million shares of the Richland, WA, company’s common stock.

Interim CEO Dwight Babcock said the repurchase is intended to increase shareholder value at a time when IsoRay believes the stock price is undervalued.

The amount and timing of the specific repurchases are subject to market conditions, applicable legal requirements, and other factors, including management’s discretion.

Related Reading

IsoRay posts sales increase, net loss in Q3, May 14, 2008

IsoRay chief executive steps down, February 27, 2008

IsoRay takes stake in Russian manufacturer, January 23, 2008

IsoRay's cesium isotope used for eye cancer, December 13, 2007

IsoRay posts Q1 2008 results, November 9, 2007

Copyright © 2008 AuntMinnie.com

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