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Accuray Incorporated (NASDAQ: ARAY) pioneers precision radiation therapy systems that redefine cancer treatment standards. This dedicated news hub provides investors and healthcare professionals with timely updates on corporate developments, clinical advancements, and strategic initiatives shaping the future of radiation oncology.
Track all essential updates in one place, including earnings announcements, regulatory milestones, and technological breakthroughs related to flagship platforms like CyberKnife and Radixact. Our curated feed simplifies monitoring of partnership agreements, research collaborations, and market expansion efforts critical to understanding Accuray's position in medical technology.
Discover comprehensive coverage of operational updates, leadership changes, and product enhancements that impact clinical workflows and patient outcomes. The resource is designed to help stakeholders assess Accuray's progress in developing adaptive radiotherapy solutions with real-time tumor tracking capabilities.
Bookmark this page for streamlined access to verified information about ARAY, including innovation roadmaps and quality control certifications. Check regularly for objective reporting on developments influencing radiation oncology practices worldwide.
Accuray Incorporated (NASDAQ: ARAY) reported Q1 fiscal 2023 results with net revenue of $96.5 million, down 10% year-over-year, affected by supply chain constraints and a $5.8 million foreign exchange hit. Gross orders were flat at $69.8 million, with a 6.5% increase on a constant currency basis. The GAAP net loss widened to $5.4 million, compared to a loss of $1.0 million last year. Adjusted EBITDA decreased to $1.9 million from $5.4 million. The company maintains its full-year guidance, highlighting strong demand for its precision radiation therapy solutions amidst ongoing challenges.
Accuray (NASDAQ: ARAY) has submitted the registration dossier for its Tomo® C radiation therapy system to China's National Medical Products Administration (NMPA). This milestone, shared during the Q4 FY2022 earnings call, aims to enhance access to radiation treatment for cancer patients in China. The Tomo C system is noteworthy as it is the first joint venture product made in China and addresses the growing demand for effective cancer therapies, with new cases projected to rise by 50% by 2040. Suzanne Winter, CEO, highlighted the expected growth in the Type B market, reinforcing Accuray's competitive edge.
Accuray Incorporated (NASDAQ: ARAY) announced that the CyberKnife® System has received reimbursement approval from Japan's Ministry of Health, Labor and Welfare for treating trigeminal neuralgia (TN). TN is a painful condition affecting the trigeminal nerve, impacting daily life significantly. The approval enables patients in Japan to access this innovative treatment, which offers a precision alternative to traditional methods. The CyberKnife System's unique technology allows for accurate radiation delivery in a single outpatient procedure, enhancing treatment options for the approximately 5,000 people affected by TN in Japan.
GE Healthcare and Accuray Incorporated (NASDAQ: ARAY) have signed a global commercial collaboration agreement aimed at enhancing personalized cancer treatment. The partnership will merge GE's advanced diagnostic tools with Accuray's radiation therapy technologies to improve patient care throughout the cancer journey, focusing initially on lung and brain cancers. This collaboration promotes early detection and precise treatment delivery, while also emphasizing digitalization and interoperability in healthcare systems. The companies aim to increase access to effective radiation therapy for cancer patients globally.
Accuray Incorporated (NASDAQ: ARAY) will announce its financial results for the first quarter of fiscal year 2023, which concludes on September 30, 2022, after market close on November 2, 2022. Following the release, management will host a conference call at 1:30 p.m. PT / 4:30 p.m. ET to discuss the results. The call can be accessed via dial-in numbers or through a live webcast on their Investor Relations website.
Accuray is focused on innovative radiation therapy solutions for oncology and neuro-radiosurgery, aiming to enhance patient outcomes.
Accuray Incorporated (NASDAQ: ARAY) has partnered with C-RAD AB to introduce a new breast cancer treatment package for the Radixact® System, set to be unveiled at the ASTRO Annual Meeting in San Antonio, Texas, from October 23-26, 2022. This package features an integrated Deep Inspiration Breath Hold (DIBH) solution that enhances treatment precision and safety for breast cancer patients. Accuray's advancements in the Radixact System reflect their commitment to innovation in radiation therapy, particularly relevant during Breast Cancer Awareness Month.
Recent findings from the PACE-B trial published in The Lancet Oncology reveal that patients receiving CyberKnife SBRT for prostate cancer experience significantly fewer bladder side effects compared to those treated with conventional SBRT. The study's results, based on nearly 20 years of clinical data, suggest a notable reduction in late-grade bladder toxicities. This innovative treatment method, which administers high doses of radiation over fewer sessions, promises enhanced disease control with minimal long-term side effects, indicating a shift toward more patient-friendly radiation therapy options.
Accuray Incorporated (NASDAQ: ARAY) will host a key opinion leader (KOL) discussion for analysts and investors on October 24, 2022, during the American Society of Radiation Oncology (ASTRO) Annual Meeting. The event will be held both in-person and virtually, starting at 3:30 pm CT (4:30 pm ET). KOLs will discuss clinical innovation and share insights on Accuray’s technology. Attendees must register by October 18, 2022, with a replay available online after the event.
Accuray (NASDAQ: ARAY) has expanded its global presence by introducing the CyberKnife system in Africa, specifically at the Children's Cancer Hospital 57357 in Egypt and the Kenyatta University Teaching, Referral & Research Hospital in Kenya. This innovative robotic radiation therapy can treat various tumors in just 1 to 5 outpatient sessions, significantly reducing treatment time and improving patient quality of life. With cancer cases projected to rise sharply in these regions, this launch aims to enhance patient access to advanced radiation therapies and improve healthcare equity.
Accuray Incorporated (NASDAQ: ARAY) appointed Seth Blacksburg, M.D., MBA as the vice president and chief medical officer for the Americas on Sept. 14, 2022. Dr. Blacksburg will lead strategic clinical insights to enhance commercial growth in North and South America. He brings extensive expertise in radiation oncology and has a history of improving patient care while achieving hospital economic goals. Prior to Accuray, he led radiation medicine at Lenox Hill Hospital, achieving significant departmental growth. His appointment aims to expand access to Accuray's innovative radiation therapy solutions.
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