News | June 09, 2010

Strategic Alliance Aims to Expand Global Footprint of Radiosurgery

CyberKnife Robotic Radiosurgery System by Accuray.

June 9, 2010 - In a deal to extend the global sales reach for Accuray’s CyberKnife Robotic Radiosurgery System, Accuray today announced that it has formed a strategic alliance with Siemens.

Under the terms of the strategic alliance, Siemens will receive the right to sell Accuray’s CyberKnife System globally as part of its portfolio of health care products in multiproduct sales. Accuray will continue to sell and distribute the CyberKnife System directly and through its existing distribution network.

The companies will also create a research-and-development alliance to explore potential synergies between the complementary skill sets and technological capabilities of both companies. Additionally, Siemens will purchase and incorporate elements of Accuray’s technology in its linear accelerator products.

“Our strategic alliance with Siemens will expand Accuray’s global footprint in radiation oncology by adding a complementary new sales channel for delivering our technology to a larger patient population while allowing Accuray to continue to focus on growing our unique and market-leading radiosurgery business,” said Euan S. Thomson, Ph.D., president and chief executive officer of Accuray.

The market reacted with Accuray's shares rising 5 percent at $6.39 in morning trade to a high of $6.50 in early trade.

For more information: www.accuray.com

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