Medtech layoffs are picking up as 2024 draws to a close. Sean Whooley, Associate Editor, and Chris Newmarker, Editor-in-Chief The medical device industry is closing out the year with a fresh round of layoffs. At this point, MassDevice has reported on more than 22,000 medtech job cuts across the industry since mid-2022. (Have a tip […]
Accuray
Accuray wins CE mark for new helical radiation delivery system
Accuray announced today that it received CE mark approval for its Helix CT-guided helical radiotherapy system. The Madison, Wisconsin-based company designed Helix to deliver high performance and high throughput in radiotherapy. It developed the new system for emerging markets in which access to advanced cancer care — including radiotherapy — is typically obtainable only within […]
Accuray wins approval in China for treatment planning system
Accuray announced today that it received approval in China for its Precision treatment planning system (TPS). Precision TPS works with the CNNC-Accuray joint venture Tomo C radiation therapy system. Combined, they provide a new option for delivering precise and accurate radiotherapy treatments. In a news release, the company said the clearance expands access to care […]
Accuray lays off nearly 6% of global workforce
Accuray is laying off approximately 5.9% of its global workforce in a cost-savings initiative, according to a filing with the Securities and Exchange Commission. The Madison, Wisconsin–based radiation oncology developer reported in September that in accordance with its margin expansion plan, it would commit to a cost-savings initiative designed to reduce operating costs through the […]
Accuray gets FDA nod for breast cancer treatment on Radixact system
Accuray (Nasdaq:ARAY) announced that the FDA granted 510(k) clearance to its VitalHold breast package on the Radixact system. The company also says it expects the treatment option to become available in Europe. VitalHold facilitates deep inspiration breath hold (DIBH) treatments. It uses the Radixact System’s fixed beam angle delivery mode (TomoDirect) and fully integrated, automated […]
Accuray stock rises on Street-beating Q2
Accuray (Nasdaq:ARAY) shares rose this morning on second-quarter results that topped the consensus forecast. ARAY shares ticked up 12.1% at $2.75 apiece. MassDevice’s MedTech 100 Index — which includes stocks of the world’s largest medical device companies — rose 14.4%. The Sunnyvale, California–based radiation oncology company posted losses of $1.9 million. That amounts to losses […]
Accuray partners with Switzerland innovation hub
Accuray (Nasdaq:ARAY) announced that it partnered with the Genolier Innovation Hub to establish a new approach to improving patient care. Genolier, a subsidiary of Aevis Victoria, will unite companies from medtech, pharma and biosciences, as well as physicians and scientists. The goal is to bring medical and technological advances to patients faster. Plans call for […]
Accuray names Franco Palomba as chief accounting officer
Accuray (Nasdaq:ARAY) this week announced that it has appointed Franco Palomba as VP, chief accounting officer and controller. Palomba will be responsible for the controllership functions at the Sunnyvale, California-based company, which includes global accounting organization and associated budgetary and administrative operations and financial and regulatory compliance. He will report directly to senior VP and CFO […]
