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

VAR.N on New York Stock Exchange

85.14USD
11 Jul 2014
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Latest Key Developments (Source: Significant Developments)

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 Medical Systems Inc elects R. Andrew Eckert as Chairman
Thursday, 20 Feb 2014 07:10pm EST 

Varian Medical Systems Inc:Announced that R. Andrew Eckert elected as Chairman of the Board.Says the appointment effective from Feb. 20, 2014.Says Eckert is succeeding Richard M. Levy, who is retiring.  Full Article

Varian Medical Systems Inc announces imaging components supply agreement with Toshiba Medical Systems
Monday, 27 Jan 2014 08:00am EST 

Varian Medical Systems Inc:Says it has entered into a three-year agreement worth an estimated $515 mln for Varian to supply medical imaging components to Toshiba Medical Systems for integration into imaging equipment for the global market.  Full Article

Varian Medical Systems Inc reaffirms FY 2014 guidance; gives Q2 2014 guidance below analysts' estimates
Wednesday, 22 Jan 2014 04:05pm EST 

Varian Medical Systems Inc:Continues to expect FY 2014 total company revenues could increase by about 6 to 8 percent over FY 2013.Net earnings per diluted share for the FY 2014 could be in the range of $4.22 to $4.34.Expects total company revenues for Q2 2014 to be about equal to Q2 2013 when proton revenues were high.Net earnings per diluted share for Q2 2014 could be in the range of $1.00 to $1.04.The company reported revenue of $2.943 bln in FY 2013.The company reported revenue of $768 mln in Q2 2013.FY 2014 revenues of $3.139 bln and EPS of $4.34 - Thomson Reuters I/B/E/S.Q2 2014 revenues of $808 mln and EPS of $1.10 - Thomson Reuters I/B/E/S.  Full Article

Varian Medical Systems Inc receives FDA 510 clearance for ProBeam proton therapy system
Wednesday, 15 Jan 2014 08:30am EST 

Varian Medical Systems Inc:Says it has received FDA 510 clearance for its updated ProBeam proton therapy system.Says its ProBeam system gives clinicians options for delivering dose precisely in order to minimize dose to healthy tissue in the course of delivering proton therapy treatments for cancer.Says its scanning beam technology enables intensity-modulated proton therapy by modulating dose levels on a spot-by-spot basis throughout the treatment area. Irradiations from multiple angles are combined in an optimal manner to improve control of dose distributions.  Full Article

Varian Medical Systems Inc Issues Q1 2014 Guidance Below Analysts' Estimates; Issues FY 2014 Revenue Guidance In Line With Analysts' Estimates; FY 2014 EPS Guidance Below Analysts' Estimates
Wednesday, 23 Oct 2013 04:02pm EDT 

Varian Medical Systems Inc announced that for the first quarter 2014, it expects revenues to grow by 6-7% and earnings per diluted share (EPS) to be in the range of $0.87 to $0.91. For fiscal 2014, it expects revenues to grow in the range of 6-8% and earnings per diluted share to be in the range of $4.22-$4.34. According to I/B/E/S Estimates, analysts on an average were expecting the Company to report revenue of $726 million and EPS of $0.96 for first quarter of 2014; revenue of $3.165 billion and EPS of $4.51 for fiscal 2014.  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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