Varian Medical Systems Selected for New Proton Therapy Center in Sweden
20 August 2009 - 10:30PM
PR Newswire (US)
STOCKHOLM, Aug. 20 /PRNewswire-FirstCall/ -- Varian Medical Systems
(NYSE: VAR) today announced it has been selected to equip a new
proton therapy center in Sweden. In a ceremony conducted by Swedish
authorities yesterday following a public tender, Varian was named
to supply an estimated $60 million in products for
Skandionkliniken, a new national proton therapy center owned by a
consortium of seven of Sweden's counties. The center is scheduled
to open in 2013. Varian hopes to book the order for the project
before the end of the fiscal year upon review and approval of the
tender process. Public officials representing Skandionkliniken
publicly announced the award here on Aug. 19 when they met with
Varian Medical Systems management to sign the contract.
Skandionkliniken is the first clinical center for proton therapy in
Scandinavia. "We are honored to be selected for this important
project following a competitive bidding process and a thorough
review of our proton therapy technology by numerous experts from
across Sweden's radiation oncology community," said Varian
President and CEO Tim Guertin. "This will be our first full
installation for managing, planning, and delivering proton therapy,
which we believe will be a powerful weapon in the battle to cure
cancer. This award is a major milestone for the Varian Particle
Therapy business." Skandionkliniken, which will have two full
treatment rooms as well as a fixed beam room for quality assurance
and research activities, is expected to treat 1,000 patients per
year in phase 1, and gradually expand to the full capacity of 2,500
patients per year. Varian will equip the center with a fully
integrated system including its superconducting cyclotron, a beam
line, and treatment room gantries as well as its ARIA software for
information management and its Eclipse(TM) software for treatment
planning. Varian will also have a five year service agreement
valued at approximately $25 million. "Varian's advanced technology
for spot scanning was of decisive importance in our choice of
supplier," said Leif Lyttkens, Managing Director of
Skandionkliniken. "We are pleased to be working with Varian, which
has proven to be a reliable partner with leading edge solutions for
cancer treatment." Spot scanning makes it possible to deliver
intensity-modulated proton therapy to concentrate the dose on the
targeted tumor while sparing normal healthy tissues. Proton therapy
makes it possible to treat cancer more effectively and with fewer
side effects than with conventional radiation therapy. With proton
therapy, the risk of damage to healthy tissues is minimized. The
method can be applied for the most common types of cancer and
offers advantages when treating tumors close to radiosensitive
tissues. In pediatric patients the risk of developing a new,
radiation-induced cancer later in life is reduced. Skandionkliniken
expects that most of the children in need of radiotherapy will be
offered proton treatments. The project marks the first time that
the seven Swedish counties, representing eight university
hospitals, have made a joint investment in a national center for
cancer treatment. Under this collaborative model, university
hospitals in each county will manage and plan proton treatments
locally, and treat their patients at the new center. The proton
therapy consortium, called "The Joint Authority of County Councils
for Advanced Radiation Therapy," was formed by the seven counties
in 2006. The seven counties are: Uppsala, Ostergotland, Skane,
Stockholm, Vasterbotten, Vastra Gotaland and Orebro. All eight
University Hospitals in Sweden (Uppsala, Linkoping, Lund, Malmo,
Stockholm, Umea, Goteborg and Orebro) will treat patients at
Skandionkliniken. The public tender for the proton therapy system
was issued in 2008. Varian Medical Systems, Inc., of Palo Alto,
California, is the world's leading manufacturer of medical devices
and software for treating cancer and other medical conditions with
radiotherapy, radiosurgery, proton therapy, and brachytherapy. The
company supplies informatics software for managing comprehensive
cancer clinics, radiotherapy centers and medical oncology
practices. Varian is a premier supplier of tubes and digital
detectors for X-ray imaging in medical, scientific, and industrial
applications and also supplies X-ray imaging products for cargo
screening and industrial inspection. Varian Medical Systems employs
approximately 5,100 people who are located at manufacturing sites
in North America, Europe, and China and approximately 79 sales and
support offices around the world. For more information, visit
http://www.varian.com/. Forward-Looking Statements Except for
historical information, this news release contains forward-looking
statements within the meaning of the Private Securities Litigation
Reform Act of 1995. Statements concerning industry outlook,
including growth drivers; the company's future orders, revenues,
backlog, or earnings growth; future financial results; market
acceptance of or transition to new products or technology for
proton therapy;, and any statements using the terms "expect,"
"hope," or similar statements are forward-looking statements that
involve risks and uncertainties that could cause the company's
actual results to differ materially from those anticipated. Such
risks and uncertainties include the effect of economic conditions,
currency exchange rates and tax rates; demand for the company's
products; the company's ability to develop and commercialize new
proton therapy products; the company's reliance on sole or
limited-source suppliers; the company's ability to maintain or
increase operating margins; the completion of the public tender
process; the company's ability to meet regulatory regulations or
procedures; the company's ability to protect the company's
intellectual property; the potential loss of key personnel; and the
other risks listed from time to time in the company's filings with
the Securities and Exchange Commission, which by this reference are
incorporated herein. The company assumes no obligation to update or
revise the forward-looking statements in this release because of
new information, future events, or otherwise. FOR INFORMATION
CONTACT: Spencer Sias (650) 424-5782 Meryl Ginsberg (650) 424-6444
DATASOURCE: Varian Medical Systems, Inc. CONTACT: Spencer Sias,
+1-650-424-5782, , or Meryl Ginsberg, +1-650-424-6444, , both of
Varian Medical Systems, Inc. Web Site: http://www.varian.com/
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