Key Developments: Varian Medical Systems Inc (VAR.N)

VAR.N on New York Stock Exchange

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Latest Key Developments (Source: Significant Developments)

Varian Medical Systems Inc authorizes to repurchase additional 6 mln shares
Monday, 18 Aug 2014 08:30am EDT 

Varian Medical Systems Inc:Authorizes company to repurchase additional 6 mln shares of its common stock between Aug. 15 and Dec. 31, 2015.  Full Article

Varian Medical Systems Inc announces acquisition of certain assets of Transpire Inc
Tuesday, 5 Aug 2014 08:00am EDT 

Varian Medical Systems Inc:Acquired certain assets of Transpire, Inc., including Acuros dose calculation software that has been integrated into Varian's market-leading BrachyVision and Eclipse treatment planning software products.Acquisition also covers Transpire's Attila software, which is in use worldwide in diverse range of industries where radiation effects play an integral role in product performance, safety, and reliability.  Full Article

Varian Medical Systems to Equip First Satellite Radiotherapy Center in Scotland
Thursday, 24 Jul 2014 08:00am EDT 

Varian Medical Systems Inc:Says it has been selected to equip the new department and an order was placed in June for four TrueBeam medical linear accelerators.Two of the new TrueBeam systems, which offer fast and efficient radiotherapy and radiosurgery treatments, will replace older treatment machines at the Beatson West of Scotland Cancer Center in Glasgow.  Full Article

Varian Medical Systems Inc gives Q4 2014 revenue guidance; EPS guidance in line with analysts' estimates
Wednesday, 23 Jul 2014 04:07pm EDT 

Varian Medical Systems Inc:Expects Q4 2014 revenues to increase in the range of 7 to 15 percent.Expects Q4 2014 net earnings per diluted share to be in the range of $1.14 to $1.29.Q4 2014 revenue of $868 million and EPS of $1.26 - Thomson Reuters I/B/E/S.  Full Article

Varian Medical Systems receives FDA 510(k) clearance for Calypso Soft Tissue Beacon Transponder
Monday, 21 Jul 2014 08:00am EDT 

Varian Medical Systems Inc:Receives 510(k) clearance from the U.S. Food and Drug Administration (FDA) for a Calypso soft tissue Beacon transponder that can help enhance the precision of radiotherapy and radiosurgery treatments for cancer.New Calypso soft tissue Beacon transponders can only be used with the latest upgrade of the Varian Calypso system (version 3.0).  Full Article

Varian Medical Systems Inc to Equip Prime Healthcare Services Hospitals with Varian Technology for image-guided Radiotherapy and Radiosurgery
Friday, 13 Jun 2014 08:00am EDT 

Varian Medical Systems Inc:Enters into agreement with Prime Healthcare Services to be Prime Healthcare's exclusive supplier of technology for image-guided radiotherapy and radiosurgery.  Full Article

Varian Medical Systems Inc reaffirms FY 2014 revenue guidance; lowers FY 2014 EPS guidance; gives Q3 2014 guidance; EPS guidance below analysts' estimates
Wednesday, 23 Apr 2014 04:05pm EDT 

Varian Medical Systems Inc:Continue to believe that total company revenues could increase by about 6 pct. to 8 pct. over the prior fiscal year for FY 2014.Expects net earnings per diluted share for FY 2014, including the $0.16 effect of the patent litigation settlement, to be in the range of $4.06 to $4.18.Expects total company revenues for Q3 2014 to increase in the range of 5 pct. to 6 pct.Expects Q3 2014 net earnings per diluted share (EPS) to be in the range of $1.06 to $1.10.Reported revenue of $2.943 bln in FY 2013.FY 2014 revenue of $3.133 bln and EPs of $4.30 - Thomson Reuters I/B/E/S.Q3 2014 revenue of $792.38 mln and EPS of $1.13 - Thomson Reuters I/B/E/S.  Full Article

Varian Medical Systems settles patent dispute with University of Pittsburgh
Thursday, 10 Apr 2014 04:43pm EDT 

Varian Medical Systems:Says that it has settled patent litigation with the University of Pittsburgh.Says it will pay a lump sum of about $35 million to fully settle this matter.The University of Pittsburgh initiated a patent infringement lawsuit against Varian in 2007 regarding the company's Real-time Position Management(tm) technology.  Full Article

Varian Medical Systems completes acquisition of Velocity Software Platform
Friday, 4 Apr 2014 08:00am EDT 

Varian Medical Systems Inc:Completes acquisition of certain assets of Velocity Medical Solutions, LLC.Acquisition includes software that enables clinicians to aggregate unstructured treatment and imaging data from diverse systems, and to use this information to make more informed treatment decisions.Financial terms of the asset acquisition are not being disclosed.  Full Article

Varian Medical Systems Inc signs agreement to acquire Velocity Software Platform
Wednesday, 12 Mar 2014 08:00am EDT 

Varian Medical Systems Inc:Signs an agreement with Velocity Medical Solutions, LLC to acquire certain assets of Velocity.Acquisition includes software designed to access and aggregate unstructured treatment and imaging data from diverse systems to show a comprehensive view of a patient's diagnostic imaging and treatment history, regardless of where they were treated or what technology was used.Financial terms of the asset acquisition are not being disclosed.Acquisition is expected to close during Varian's third fiscal quarter.  Full Article

Varian wins partial victory in radiation device patent case

WASHINGTON - Medical device company Varian Medical Systems Inc won a partial victory in a patent fight with the University of Pittsburgh on Thursday, when an appeals court disagreed with a lower court's multimillion-dollar damages award.

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