CEO SUMMARY: Automated cytology technology suffered its first financial failure. Escalating losses and dismal revenue prospects combined to drive Neuromedical Systems, Inc. into bankruptcy. Its PapNet System for Pap smears was a pioneering technology that never achieved market acceptance. Neuromedical’s experience demonstrates that lab executives take a risk when they adopt new technology. Faced with […]
Neuromedical Systems Files Bankruptcy Action
Manufacturer of the PapNet® system finally runs out of time and money
- By Robert Michel
- > From the Volume VI No. 5 - April 5, 1999 Issue
