Accuray
{{Short description|American radiation therapy company}}
{{Use mdy dates|date=January 2023}}
{{Infobox company
| type = Public company
| traded_as = {{NASDAQ|ARAY}}
| logo = Accuray_-_logo.png
| founded = 1992
| founder = John R. Adler
| hq_location_city = Madison, Wisconsin
| hq_location_country = United States
| products = CyberKnife, tomotherapy
}}
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).{{Cite web |title=Accuray Is A Promising Radiation Oncology Buy In 2018 (NASDAQ:ARAY) {{!}} Seeking Alpha |url=https://seekingalpha.com/article/4222819-accuray-is-promising-radiation-oncology-buy-in-2018 |access-date=2023-01-09 |website=seekingalpha.com |date=November 16, 2018 |language=en}} It is the developer of innovative technologies, the CyberKnife and TomoTherapy platforms, including the Radixact System, the latest generation TomoTherapy platform.{{Cite web |date=August 17, 2022 |title=Accuray Incorporated : Annual Report for Fiscal Year Ending --06-30, 2022 (Form 10-K) |url=https://www.marketscreener.com/quote/stock/ACCURAY-INCORPORATED-42550/news/Accuray-Incorporated-Annual-Report-for-Fiscal-Year-Ending-06-30-2022-Form-10-K-41345013/}} The company is headquartered in Sunnyvale, CA, the United States.{{Cite news |last=Saul |first=Stephanie |date=December 17, 2008 |title=Geography Has Role in Medicare Cancer Coverage |language=en-US |work=The New York Times |url=https://www.nytimes.com/2008/12/17/health/policy/17knife.html |access-date=2023-01-09 |issn=0362-4331}} 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.{{Cite web |last=Development |first=PodBean |title=John Adler: How to Handle Money and Investors {{!}} The Health Technology Podcast |url=https://rosenman.podbean.com/e/john-adler-how-to-handle-money-and-investors/ |access-date=2023-01-09 |website=rosenman.podbean.com |language=en}}{{Cite book |url=https://books.google.com/books?id=85AnAQAAMAAJ&q=%22accuray%22+founded%22+1992%22 |title=Ward's Business Directory of U.S. Private and Public Companies |date=1998 |publisher=Gale Research |isbn=978-1-4144-0017-4 |language=en}}
In February 2007, Accuray was registered under the ticker NASDAQ:ARAY.{{Cite news |date=February 8, 2007 |title=Accuray IPO raises $288 mln, top of range |language=en |work=Reuters |url=https://www.reuters.com/article/accuray-ipo-idUSN0719480420070208 |access-date=2023-01-09}}{{Cite news |last=Feder |first=Barnaby J. |date=February 12, 2008 |title=A Medical Robot Makes Headway |language=en-US |work=The New York Times |url=https://www.nytimes.com/2008/02/12/business/12place.html |access-date=2023-01-09 |issn=0362-4331}} In 2011, Accuray completed its $277 million acquisition of TomoTherapy Inc., creator of advanced radiation therapy solutions for cancer care.{{Cite news |date=March 7, 2011 |title=Accuray to buy TomoTherapy for about $277 million |language=en |work=Reuters |url=https://www.reuters.com/article/us-accuray-idUKTRE72627L20110307 |access-date=2023-01-09}}
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.{{Cite news |date=July 19, 2012 |title=Accuray to Acquire Morphormics, Inc. |language=en |work=Fierce Healthcare |url=https://www.fiercehealthcare.com/healthcare/accuray-to-acquire-morphormics-inc |access-date=2023-01-09}}{{Cite news |last=Garde |first=Damian |date=July 17, 2012 |title=Accuray buys Morphormics for $5.7M |url=https://www.fiercebiotech.com/medical-devices/accuray-buys-morphormics-for-5-7m |access-date=2023-01-09 |website=Fierce Biotech |language=en}}
In 2015, Accuray signed an agreement with RaySearch Laboratories AB to integrate treatment planning support for TomoTherapy, Radixact and CyberKnife.{{Cite web |date=October 6, 2015 |title=Accuray Extends Ties with RaySearch Laboratories, Stock Up |url=https://www.nasdaq.com/articles/accuray-extends-ties-with-raysearch-laboratories-stock-up-2015-10-06 |website=Nasdaq}}
In July 2019, Accuray joint venture with CNNC Accuray in Tianjin received the license for operating in China.{{Cite web |title=CNNC Accuray Medical Technology receives safety license in China. – Free Online Library |url=https://www.thefreelibrary.com/CNNC+Accuray+Medical+Technology+receives+safety+license+in+China.-a0594209863 |access-date=2023-01-09 |website=www.thefreelibrary.com}}{{Cite web |last=Crotti |first=Nancy |date=January 28, 2019 |title=Accuray partners with Chinese company to sell in China |url=https://www.medicaldesignandoutsourcing.com/accuray-partners-with-chinese-company-to-sell-in-china/ |access-date=2023-01-09 |website=Medical Design and Outsourcing |language=en-US}}{{Cite web |last=FuturesMarketResearch |date=February 28, 2019 |title=Oncology Information System Market – Deep Research Analysis Report on Latest and Future Insights {{!}} |url=https://www.medgadget.com/2019/02/oncology-information-system-market-deep-research-analysis-report-on-latest-and-future-insights.html |access-date=2023-01-09 |website=Medgadget |language=en-US}}
In August 2023, Accuray changed its head quarters from Sunnyvale, California USA to Madison, Wisconsin, USA.
Partners
- BRAINLAB{{Cite web |title=Transforming healthcare with software-based technology |url=https://www.brainlab.com/ |access-date=2024-01-22 |website=Brainlab |language=en-US}}
- [http://www.c-rad.com/ C-RAD]
- GE HealthCare{{Cite web |title=GE HealthCare |url=https://www.gehealthcare.com/ |access-date=2024-01-22 |website=www.gehealthcare.com |language=en-US}}
- [https://limbus.ai/ LIMBUS AI]
- RAYSEARCH{{Cite web |title=Software in radiation therapy and oncology |url=https://www.raysearchlabs.com/ |access-date=2024-01-22 |website=RaySearch Laboratories |language=en}}
- SCANDIDOS{{Cite web |title=Delta4 Family |url=https://delta4family.com/ |access-date=2024-01-22 |website=Delta4 Family |language=en-US}}