Cytyc Corporation Appoints New Independent Auditor.Business/Technology Editors & Health/Medical Writers BOXBOROUGH, Mass.--(BW HealthWire)--May 21, 2002 Cytyc Corporation (Nasdaq:CYTC) announced today that its Board of Directors has appointed Deloitte & Touche LLP LLP - Lower Layer Protocol as the Company's independent auditor Independent Auditor An external auditor with a certified public accounting designation that qualifies him or her to provide an auditor's report. Notes: These auditors aren't affiliated with the company being audited. , replacing Arthur Andersen LLP. The change is effective today. The appointment of Deloitte & Touche was made by the Board of Directors on the recommendation of its Audit Committee, which conducted a thorough assessment of the Company's needs for independent audit services, to ensure that shareholders will continue to maintain confidence in the integrity of the Company's financial statements. The decision to change auditors was not the result of any disagreement between Cytyc Corporation and Arthur Andersen on any matter of accounting principles, practices, or financial disclosure. "The Boston-based Arthur Andersen team has provided quality audit services to Cytyc since 1987 and the Company thanks the engagement team for its dedicated and professional work," said Patrick J. Sullivan, Cytyc's vice-chairman, chairman-elect, and chief executive officer. Cytyc Corporation develops, manufactures and markets products for medical diagnostic applications primarily focused on women's health Women's Health Definition Women's health is the effect of gender on disease and health that encompasses a broad range of biological and psychosocial issues. . Cytyc's ThinPrep(R) System is widely used for cervical cancer Cervical Cancer Definition Cervical cancer is a disease in which the cells of the cervix become abnormal and start to grow uncontrollably, forming tumors. screening and serves as a platform for the Company's expansion into breast cancer risk assessment with the FirstCyte(TM) Ductal Lavage ductal lavage Cytology The harvesting of cells from the mammary ducts in an attempt to identify CA at an early, possibly more treatable stage. See Breast cancer. device. The ThinPrep System consists of the ThinPrep(R) 2000 Processor, ThinPrep(R) 3000 Processor, and related reagents, filters, and other supplies. Cytyc is traded on The Nasdaq Stock Market Nasdaq stock market The first electronic stock market listing over 5000 companies. The Nasdaq stock market comprises two separate markets, namely the Nasdaq National Market, which trades large, active securities and the Nasdaq Smallcap Market that trades emerging growth companies. under the symbol CYTC and is a part of the S&P Midcap 400 Index and The Nasdaq-100 Index. Cytyc(R) and ThinPrep(R) are registered trademarks of Cytyc Corporation. FirstCyte(TM) is a trademark of Cytyc Corporation for which registration has been applied. |
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