Varian Medical Systems (VAR) revealed that it has completed installing five treatment rooms at the Scripps Proton Therapy Center at the beginning of this year. In addition, the company has upgraded its ProBeam system software to ProBeam version 2.5 in order to enhance workflow at the site and provide better images generated by the system's integrated imager.
The tests conducted at Scripps Proton Therapy Center also confirmed that the company's proprietary cone-beam CT solution, currently used on all TrueBeam machines, is compatible with ProBeam technology. The functionality of generating high-quality images will be made available to customers at Scripps in 2015.
Varian Medical Systems will display its ProBeam system at the meeting of the American Society for Radiation Oncology (ASTRO) at the end of this week. The ProBeam system incorporates Varian Medical Systems' unique Dynamic Peak scanning technology for intensity-modulated proton therapy (IMPT), robotic patient positioning tools, and a comprehensive suite of motion management tools.
The system also incorporates an integrated 2- and 3-D imager for real-time image guidance, as well as the option of planning and managing treatments using Varian Medical Systems' world class Eclipse and ARIA software systems.
Apart from Scripps, Varian Medical Systems installed its proton therapy technology at the Rinecker Proton Therapy Center in Munich, Germany and the Paul Scherrer Institute in Switzerland.
Additionally, Varian Medical Systems has contracts to install ProBeam systems at seven centers at the University of Maryland in Baltimore; Emory University in Atlanta, GA; Cincinnati Children's Hospital in Ohio; University of Texas Southwestern in Dallas; KFMC-King Fahd Medical City in Saudi Arabia; PTC St. Petersburg in Russia; and National Taiwan University in Taipei.
Recently, Varian Medical Systems plans to unveil new technologies meant for supporting knowledge sharing among oncology professionals at the meeting of the ASTRO next week. The new technologies are basically software and services that enable information sharing and data analytics to support better-quality cancer care.
Currently, Varian Medical Systems carries a Zacks Rank #3 (Hold). Some better-ranked medical instrument stocks that are worth a look include Alphatec Holdings, Inc. (ATEC), ERBA Diagnostics, Inc. (ERB), and RTI Surgical Inc. (RTIX). All of them sport a Zacks Rank #1 (Strong Buy).
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