RaySearch_Laboratories

RaySearch Laboratories

RaySearch Laboratories

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RaySearch Laboratories (AB publ) is a Swedish medical technology company that develops software used in radiation therapy of cancer. The company markets its products worldwide and has subsidiaries in the United States, Singapore, Belgium, France, Germany, and the United Kingdom.

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RaySearch markets the RayStation treatment planning system. Its products are also distributed through licensing agreements with medical technology companies including Accuray, Mevion, Philips, Nucletron, IBA, Varian, and Brainlab.[1]

RaySearch is a public company listed on the Nasdaq Stockholm stock exchange. Effective on 4 January 2016, RaySearch series B share (RAY B) was moved from the Small Cap to the Mid Cap segment of Nasdaq Stockholm, which is the segment for companies with a market value of at least 150 million euros and up to one billion.[2]

History

RaySearch was established in 2000 as a spin-off from Karolinska Institutet in Stockholm.[3] Founder and CEO Johan Löf started the company based on knowledge acquired during his PhD work on radiation treatment of moving tumors at Karolinska Institutet in Stockholm, Sweden.[4] A few months after its establishment, RaySearch entered into a partnership agreement with Philips Medical Systems, which resulted in the development of the P3 IMRT module of the Pinnacle treatment planning system in 2001.[5]

In 2003, RaySearch was listed on the O-list of the Stockholm Stock Exchange,[6] which has been part of Nasdaq since 2008.[7] Between 2004 and 2007, RaySearch entered into partnership agreements with Nucletron,[8] IBA Dosimetry,[9] TomoTherapy,[10] and Varian Medical Systems.[11] RaySearch algorithms were adopted for use in several of the leading radiation therapy treatment planning systems.

RaySearch also began engaging in clinical research collaborations, notably working with Princess Margaret Hospital,[12] and Massachusetts General Hospital,[13] to pioneer adaptive therapy and multi-criteria optimization.

In 2008, RaySearch made the decision to develop and market its own treatment planning system.[14] The RayStation system was launched in 2009, and West German Proton Therapy Center Essen placed the first order in the same year.[15]

RayStation received US FDA 510(k) clearance in 2010[16] and Massachusetts General Hospital subsequently placed the first US order for the system.[17] The first patient treatment with RayStation took place in 2011 at Massachusetts General Hospital.[18]

The first complete version of RayStation was released in 2012,[19] and RayStation was approved for sale in China in 2013.[20]

Current products

RayStation

RayStation is a treatment planning system for radiation therapy of cancer. The system supports several treatment techniques,[21] including:

References

  1. [1]
    "Collaboration with key technology leaders | RaySearch Laboratories". www.raysearchlabs.com. Archived from the original on 2016-11-10.
  2. [2]
    "RaySearch Laboratories - Companies - MedicalPhysicsWeb". medicalphysicsweb.org. Archived from the original on 2013-09-20.
  3. [3]
    "Stocks". Bloomberg News.
  4. [4]
    "Correction: Market Cap Segment Review at Nasdaq Nordic Exchanges" (Press release). 17 December 2015.
  5. [5]
    "Philips, RaySearch expand partnership". March 2004.
  6. [6]
    "Pressreleaser".
  7. [7]
    "NASDAQ and OMX to Combine | Nasdaq, Inc".
  8. [8]
    "RaySearch, Nucletron partner on proton therapy". 15 November 2006.
  9. [9]
    "Collaboration with key technology leaders | RaySearch Laboratories". www.raysearchlabs.com. Archived from the original on 2016-11-10.
  10. [10]
    "Press releases".
  11. [11]
    "Varian Medical Systems and RaySearch Laboratories Sign Long-Term Collaboration Agreement to Develop Advanced Radiotherapy Treatment Planning" (Press release). 8 May 2007.
  12. [12]
    "Press releases".
  13. [13]
    "Press releases".
  14. [14]
    "Software for oncology clinics".
  15. [15]
    "Press releases".
  16. [16]
    "Press releases".
  17. [17]
    "Press releases".
  18. [18]
    "Press releases".
  19. [19]
    "Press releases".
  20. [20]
    "Press releases".
  21. [21]
    "Treatment Planning System - RayStation".
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