Accuray's Radixact Now Used By Boise Summit Cancer Center
Zacks Investment Research | Aug 17, 2017 10:11PM ET
Headquartered in Sunnyvale, CA, Accuray Inc. (NASDAQ:ARAY) recently announced that the Boise-based Summit Cancer Center has initiated cancer treatment with its Radixact Treatment Delivery System. Notably, the Radixact system leverages on the company’s flagship TomoTherapy platform.
Radixact system provides complex treatments such as craniospinal and total marrow irradiation. Added to these functionalities, Summit Cancer Center has the capability to perform stereotactic radiosurgery (SRS) and stereotactic body radiotherapy (SBRT) while sparing normal tissues and maintaining optimal treatment efficacy.
The Radixact System has been designed to deliver image-guided intensity-modulated radiation therapy, an extremely precise form of radiation therapy. The platform gained Japanese regulatory approval (Shonin approval) in the last quarter and is expected to start formal treatments from the fourth quarter.
In this regard, a glimpse at the preliminary fourth-quarter results reveals that Accuray expects approximately $86 million of gross product orders. Solid growth in gross orders is buoyed by the full commercial launch of the Radixact system and continued strong demand for the company’s flagship CyberKnife system.
Stock Price & Estimate Revision Trend
Accuray has had an unimpressive run on the bourse over the last one year. The company has lost 23.7%, way wider than the Zacks Investment Research
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