Varian Medical (VAR) Releases FDA-Approved Eclipse 15.5
Zacks Investment Research | Sep 19, 2017 08:58AM ET
Varian Medical Systems (NYSE:VAR) recently announced the release of an FDA-approved treatment planning software — Eclipse 15.5. This will help clinicians treat with more accuracy and efficiency.
Eclipse 15.5 also provides treatment planning support for Varian's HyperArc Oncology Systems (HDRT) for efficient and automated delivery of complex stereotactic radiosurgery. HyperArc HDRT is a new type of radiosurgery treatment. Eclipse 15.5 offers Graphics Processing Unit (GPU) support to help physicians optimize and speedily calculate the dose.
Eclipse 15.5 features Multi-criteria optimization (MCO) which allows clinicians to explore the application of different clinical criteria. According to the company, According to the company, MCO focuses on finding the optimal plan faster for a given patient with minimal trial and error iterations.
In the last reported third quarter, Varian Medical’s revenues declined 1.9% at Oncology Systems. The company is consistently trying to turn around its Oncology Systems business.. Apart from the latest development, the company recently announced FDA clearance for its revolutionary Halcyon product. The company received orders from 10 countries for the system. In North America, the company signed an agreement with PetCure Oncology to bring an unprecedented level of care to pets suffering from cancer.
According to a report by Markets And Markets, the global oncology information system market is expected to reach a worth of $2.6 billion by 2019 at a CAGR of 8.5% from 2014 to 2019. Considering the huge potential of the market, we believe the latest development is a strategic fit.
Over the past three months, Varian Medical has outperformed the broader Zacks Investment Research
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