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Cancer treatment merger: Accuray cashes in on TomoTherapy’s woes

April 8, 2011 By MassDevice staff Leave a Comment

Accuray_100_0.jpg

Like so many romances, the impending $277 million marriage between Accuray Inc. (NSDQ:ARAY) and TomoTherapy Inc. (NSDQ:TOMO) began on the shores of the Mediterranean, in the beautiful city of Barcelona.

Filed Under: Mergers & Acquisitions, News Well, Oncology, Radiosurgery/Radiation therapy Tagged With: Accuray Inc., TomoTherapy Inc.

Accuray/Tomotherapy merger: Did the fish swallow the whale?

March 30, 2011 By MassDevice staff Leave a Comment

Accuray_100_0.jpg

The $300 million engagement of Accuray Inc. (NSDQ:ARAY) and TomoTherapy Inc. (NSDQ:TOMO) might be a case where the fish ate the whale.

Filed Under: Mergers & Acquisitions, News Well, Radiosurgery/Radiation therapy Tagged With: Accuray Inc., TomoTherapy Inc.

Accuray lines up $277 million TomoTherapy buyout | Acquisitions roundup

March 7, 2011 By MassDevice staff Leave a Comment

M and A Roundup

Accuray Inc. (NSDQ:ARAY) looks set to acquire radiation treatment firm TomoTherapy Inc. (NSDQ:TOMO) in a deal worth $277 million.

The Sunnyvale, Calif.-based radiosurgery company signed an agreement to buy TomoTherapy for $4.80 per share in cash and stock, a nearly 31 percent premium over its $3.67 closing price on Friday, March 4.

The companies believe their technologies complement one another in that they can serve overlapping patient populations.

Filed Under: Blood Management, Mergers & Acquisitions, News Well, Oncology, Radiosurgery/Radiation therapy Tagged With: Accuray Inc., Amgen, Gambro, Terumo, TomoTherapy Inc.

Clearances roundup: Accuray wins 510(k) for CyberKnife lung cancer treatment

December 17, 2010 By MassDevice Leave a Comment

Clearances roundup
  • Accuray wins 510(k) for CyberKnife lung cancer treatment

Filed Under: Business/Financial News, News Well, Radiosurgery/Radiation therapy Tagged With: Accuray Inc., Gift Bans

Varian, Imris to co-develop MR-guided cancer device

October 5, 2010 By MassDevice staff Leave a Comment

VAR, IM logos

Varian Medical Systems Inc. (NYSE:VAR) and IMRIS Inc. (TSX:IM) inked a co-development deal to create a magnetic-resonance-guided radiation therapy system to treat cancer.

The deal calls for the integration of Winnipeg, Manitoba-based Imris’ MR imaging technology with Palo Alto, Calif.-based Varian’s TrueBeam radiosurgery device.

Filed Under: Business/Financial News, News Well, Oncology, Radiosurgery/Radiation therapy Tagged With: Imris Inc., Varian Medical Systems

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