Varian Medical (NYSE:VAR) said today it acquired cloud-based, oncology-focused software developer Noona Healthcare for an undisclosed amount. Palo Alto, Calif.-based Varian said that Noona developed a cloud-based mobile service intended to capture cancer patient-reported outcomes. The system allows clinics to capture PROs and communicate with patients, the company added. “PROs represent a growing and significant metric […]
Varian Medical Systems
Varian Medical acquires radiation therapy patient management system dev HumediQ
Varian Medical (NYSE:VAR) said today it acquired privately-held HumediQ, which develops the Identify automated patient identification, positioning and management system for radiation therapy, for an undisclosed amount. Palo Alto, Calif.-based Varian said the acquisition was made to expand its motion-management portfolio as part of its “long-term growth and value creation strategy.” “Varian is focused on enabling […]
Varian Medical shares rise on Street-beating Q3
Shares in Varian Medical (NYSE:VAR) have risen in after-hours trading today after the medical device maker beat expectations on Wall Street with its third quarter fiscal year 2018 earnings results. The Palo Alto, Calif.-based company posted profits of $72.5 million, or 79¢ per share, on sales of $709.1 million for the three months ended June 29, […]
Sirtex accepts CDH acquisition offer, moves away from Varian
In the ongoing back-and-forth to acquire Sirtex Medical (ASX:SRX), it seems that Varian Medical‘s (NYSE:VAR) $1.2 billion bid just wasn’t enough. Varian said today that it heard from Sirtex that the company’s board couldn’t turn down the $1.41 billion unsolicited offer from China’s CDH Investments. The bid from CDH Investments came in at a 20% premium on Varian’s […]
Varian stands on $1.28B offer for Sirtex
Varian Medical (NYSE:VAR) said today that it stands behind its initial $1.28 billion bid to acquire Sirtex Medical (ASX:SRX) in the wake of a $1.41 billion counter offer from China’s CDH Investments. The unsolicited bid from CDH Investments came in at a 20% premium on Varian’s A$28-per-share offer, prompting Sirtex to reconsider a merger that already has approval from U.S. antitrust […]
Varian inks Brazilian training, education deal
Varian Medical (NYSE:VAR) said today it inked a software technology training and education cooperation agreement with the Brazil Ministry of Health and seven universities and science and tech institutes in the country. The Palo Alto, Calif.-based medical device maker said the agreement is part of its strategy of partnering with the Ministry of Health to increase […]
Varian acquires Taiwanese distributor Cooperative CL Enterprises
Varian Medical (NYSE:VAR) said today it acquired Taiwanese radiotherapy equipment distributor Cooperative CL Enterprises for an undisclosed amount. The distribution company, based in Taipei, currently employs approximately 45 individuals and has represented and distributed Varian equipment for more than 40 years, the Palo Alto, Calif.-based company said. “With the acquisition of COOP, Varian will be able […]
China’s CDH Investments counters Varian with unsolicited $1.4B bid for Sirtex
Sirtex Medical (ASX:SRX) said today that it’s fielding an unsolicited, $1.41 billion counter-offer from China’s CDH Investments that trumps a previous, $1.28 billion bid from Varian Medical (NYSE:VAR) that’s already won approval from U.S. and German regulators. CDH’s A$33.60-per-share offer is a 20% premium on Varian’s initial A$28-per-share offer and prompted Sirtex to seek to scuttle a […]
Varian Medical Q2 beats The Street
Shares in Varian Medical (NYSE:VAR) have risen slightly today in after hours trading after the medical device maker posted fiscal year 2018 second quarter earnings that beat The Street and saw profits and sales grow. The Palo Alto, Calif.-based company posted profits of $73.2 million, or 79¢ per share, on sales of $729.9 million for the […]
Varian wins FDA nod for Calypso anchored beacon transponder for SBRT therapy
Varian Medical (NYSE:VAR) said today it won FDA 510(k) clearance for its Calypso anchored beacon transponder designed for use with its TruBeam, Edge and Clinac C-series medical linear accelerators. The Calypso system and the anchored beacon transponder are designed to detect tumor movement to aid in the delivery of lung stereotactic body radiotherapy with more precision, […]
5 medtech stories we missed this week: April 20, 2018
From CHF Solutions’ new Italian distribution deal to Masimo’s CE Mark approval, here are five medtech stories we missed this week but thought were still worth mentioning. 1. CHF Solutions signs Italian distribution deal CHF Solutions announced in an April 17 press release that it has signed a new distribution agreement with TRX Italy to distribute […]