Mevion Medical Systems

A superconducting synchrocyclotron proton accelerator was delivered Valentine’s Day weekend to MedStar Georgetown University Hospital. The accelerator, which will become the core of the hospital’s Mevion S250 proton therapy system, was developed and manufactured in the United States and is one of only eight in existence.

Mevion Medical Systems announced that Ackerman Cancer Center (ACC) in Jacksonville, Florida, will install a second Mevion S250 Series proton therapy system. ACC began treating cancer patients with its first S250 system in April, and is already treating enough patients to warrant the installation of a second system. ACC achieved the fastest per-room ramp-up in the history of proton therapy, reaching an annualized rate of 350 patients per year, more than 25 percent better than the average U.S. proton therapy center.

The use of radiation therapy to treat cancer has been in existence for over a century, tracing back to the early days of ...

Mevion Medical Systems announced today that it has entered into an investment agreement where up to $200 million will be invested in Mevion to accelerate its worldwide expansion. The investment was led by HOPU Investments, YuanMing Capital, and participated in by other Chinese investors and existing U.S. investors Caxton Alternative Management L.P., ProQuest Investments, Venrock and CHL Medical Partners. Concurrent with the investment, Mevion and the lead investors will form a joint venture in China to produce, sell and service proton therapy systems for the Chinese market. HOPU and YuanMing have extensive experience investing in successful healthcare companies and offer a significant network of healthcare experience in China.

The Mevion S250 proton therapy system at Robert Wood Johnson University Hospital (RWJUH) is now treating patients, less than four weeks after the first Mevion patient was treated at Ackerman Cancer Center. The occasion marks the first time a proton manufacturer has simultaneously brought up two distinct facilities.