Accuray Explained

Accuray is a radiation therapy company that develops, manufactures, and sells radiation therapy systems to deliver treatments including stereotactic radiosurgery (SRS) and stereotactic body radiation therapy (SBRT).^[1] It is the developer of innovative technologies, the CyberKnife and TomoTherapy platforms, including the Radixact System, the latest generation TomoTherapy platform.^[2] The company is headquartered in Sunnyvale, CA, the United States.^[3] The platforms are installed in leading healthcare centres in approximately 50 countries globally.

History

Accuray was founded in 1990 by John R. Adler, a Stanford neurosurgeon, and commenced commercial operations in 1992.^{[4] [5]}

In February 2007, Accuray was registered under the ticker NASDAQ:ARAY.^{[6] [7]} In 2011, Accuray completed its $277 million acquisition of TomoTherapy Inc., creator of advanced radiation therapy solutions for cancer care.^[8]

In 2012, the company acquired Morphormics for a total $5.7 million. Morphormics was founded by University of North Carolina at Chapel Hill faculty and specialized in developing imaging software.^{[9] [10]}

In 2015, Accuray signed an agreement with RaySearch Laboratories AB to integrate treatment planning support for TomoTherapy, Radixact and CyberKnife.^[11]

In July 2019, Accuray joint venture with CNNC Accuray in Tianjin received the license for operating in China.^{[12] [13] [14]}

In August 2023, Accuray changed its head quarters from Sunnyvale, California USA to Madison, Wisconsin, USA.

Partners

• BRAINLAB^[15]
• C-RAD
• GE HealthCare^[16]
• LIMBUS AI
• RAYSEARCH^[17]
• SCANDIDOS^[18]

Notes and References

1. Web site: Accuray Is A Promising Radiation Oncology Buy In 2018 (NASDAQ:ARAY) Seeking Alpha . 2023-01-09 . seekingalpha.com . November 16, 2018 . en.
2. Web site: August 17, 2022 . Accuray Incorporated : Annual Report for Fiscal Year Ending --06-30, 2022 (Form 10-K) .
3. News: Saul . Stephanie . December 17, 2008 . Geography Has Role in Medicare Cancer Coverage . en-US . The New York Times . 2023-01-09 . 0362-4331.
4. Web site: Development . PodBean . John Adler: How to Handle Money and Investors The Health Technology Podcast . 2023-01-09 . rosenman.podbean.com . en.
5. Book: Ward's Business Directory of U.S. Private and Public Companies . 1998 . Gale Research . 978-1-4144-0017-4 . en.
6. News: February 8, 2007 . Accuray IPO raises $288 mln, top of range . en . Reuters . 2023-01-09.
7. News: Feder . Barnaby J. . February 12, 2008 . A Medical Robot Makes Headway . en-US . The New York Times . 2023-01-09 . 0362-4331.
8. News: March 7, 2011 . Accuray to buy TomoTherapy for about $277 million . en . Reuters . 2023-01-09.
9. News: July 19, 2012 . Accuray to Acquire Morphormics, Inc. . en . Fierce Healthcare . 2023-01-09.
10. News: Garde . Damian . July 17, 2012 . Accuray buys Morphormics for $5.7M . 2023-01-09 . Fierce Biotech . en.
11. Web site: October 6, 2015 . Accuray Extends Ties with RaySearch Laboratories, Stock Up . Nasdaq.
12. Web site: CNNC Accuray Medical Technology receives safety license in China. – Free Online Library . 2023-01-09 . www.thefreelibrary.com.
13. Web site: Crotti . Nancy . January 28, 2019 . Accuray partners with Chinese company to sell in China . 2023-01-09 . Medical Design and Outsourcing . en-US.
14. Web site: FuturesMarketResearch . February 28, 2019 . Oncology Information System Market – Deep Research Analysis Report on Latest and Future Insights . 2023-01-09 . Medgadget . en-US.
15. Web site: Transforming healthcare with software-based technology . 2024-01-22 . Brainlab . en-US.
16. Web site: GE HealthCare . 2024-01-22 . www.gehealthcare.com . en-US.
17. Web site: Software in radiation therapy and oncology . 2024-01-22 . RaySearch Laboratories . en.
18. Web site: Delta4 Family . 2024-01-22 . Delta4 Family . en-US.