Apr 1, 2014
BERGISCH GLADBACH, GERMANY, 31 March 2014 – Varian Medical Systems (NYSE: VAR) and the Paul Scherrer Institute (PSI) are announcing an extension of their existing collaboration in the field of proton therapy to offer patients more precise cancer treatments using intensity modulated proton therapy (IMPT). Under the agreement, Varian will also supply technology and equipment to help meet a growing demand for clinical research and treatments at PSI.
Proton therapy targets tumors with concentrated doses of radiation while offering superior protection of surrounding healthy tissue. IMPT, which was pioneered using pencil-beam scanning at the Paul Scherrer Institute and made commercially available by Varian Medical Systems, is a radiation delivery technique that enables clinicians to optimize precision when treating tumors.
"This multi-year R&D collaboration will enable Varian and PSI to continue their productive research activities in the areas of advanced pencil beam scanning delivery systems, on-board imaging, clinical workflow optimization, and accelerator technology to further develop proton treatment technology over the coming years," says Moataz Karmalawy, head of Varian's Particle Therapy group. "Our original collaboration led to the commercialization of IMPT and we are delighted to expand our partnership to develop more revolutionary technologies."
"Over the past ten years we have developed scanning techniques for the treatment of tumors with intensity-modulated proton therapy," adds Prof. Dr. Joel Mesot, director of the Paul Scherrer Institute. "We are looking forward to the new collaboration as it will help us to develop more tools for treating more patients with even greater precision while making our technology more widely available to the clinical and scientific community."
The value of the equipment portion of the contract is approximately $10 million and it will be booked in the second quarter of fiscal 2014.
Varian's scanning beam IMPT technology is already being used at the Scripps Proton Therapy Center in San Diego, U.S., and the Rinecker Proton Therapy Center in Munich, Germany. Varian also has contracts to install ProBeam systems at six additional sites in the U.S., Saudi Arabia, and Russia.
*CE mark and international registrations pending for ProBeam. Not available for sale in all markets.
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