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United States

Profile: Varian Medical Systems Inc (VAR.N)

VAR.N on New York Stock Exchange

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2 Dec 2016
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Varian Medical Systems, Inc., incorporated on January 22, 1976, manufactures medical devices and software for treating cancer and other medical conditions with radiotherapy, radiosurgery, proton therapy and brachytherapy. The Company supplies X-ray imaging components for medical, scientific, cargo screening and industrial applications. The Company's segments include Oncology Systems, Imaging Components and Other. The Company offers a range of post-warranty equipment service contracts and software support contracts. Its domestic service centers are in Milpitas, California; Las Vegas, Nevada, and Atlanta, Georgia. Its international service centers are in France, the United Kingdom, Switzerland, Denmark, Belgium, Germany, the Netherlands, Spain and Italy, among others.

Oncology Systems

The Company's Oncology Systems segment designs, manufactures, sells and services hardware and software products for treating cancer with conventional radiotherapy, and advanced treatments, such as fixed field intensity-modulated radiation therapy (IMRT), image-guided radiation therapy (IGRT), volumetric modulated arc therapy (VMAT), stereotactic radiosurgery (SRS), stereotactic body radiotherapy (SBRT) and brachytherapy, as well as informatics software for information management, clinical knowledge exchange, patient care management, practice management and decision-making support for cancer clinics, radiotherapy centers and medical oncology practices. Its hardware products include linear accelerators, brachytherapy afterloaders, treatment simulation, and verification equipment and accessories. Its software products include information management, treatment planning, image processing, clinical knowledge exchange, patient care management, decision-making support and practice management software. The Company's products are used by surgeons and radiation oncologists to perform radiosurgery. Its customers include university research and community hospitals, private and governmental institutions, healthcare agencies, physicians' offices, oncology practices, radiotherapy centers and cancer care clinics.

The Company's products and accessories for IMRT and IGRT allow clinicians to track and treat tumors using shaped beams, targeting the tumor and allowing the delivery of higher doses to the tumor. With its treatment planning, verification and information management software products, a patient's treatment plans, treatment data and images are recorded and stored in a single database shared by each of its products, which enables communication among products. The Company's products also allow multiple medical specialties-radiation oncology, neurosurgery, radiographic imaging and medical oncology, as well as clinicians in multiple locations, to share equipment, resources and information. Its Millennium series of multi-leaf collimators and high definition 120 (HD 120) multi-leaf collimators are used with a linear accelerator to define the size, shape and intensity of the generated beams. PortalVision, its electronic portal-imager, is used to verify a patient's position. The Company also offers a real-time patient position monitoring product, the real-time position management (RPM) respiratory gating system, which allows the linear accelerator to be synchronized with patient breathing to help compensate for tumor motion during treatment. In addition, it manufactures the Calypso system, which can track and monitor the position of implanted and surface Beacon transponders.

The Company offers the EDGE radiosurgery suite, a combination of products for performing radiosurgery using new tumor tracking technology and motion management capabilities. The EDGE radiosurgery suite includes the EDGE radiosurgery accelerator and the Calypso System with Dynamic Edge Gating, and the PerfectPitch Couch. Its IGRT accessories include the On-Board Imager (OBI) hardware accessory affixed to the linear accelerator that allows imaging of tumors while the patient is on the treatment couch and offers cone-beam computerized tomography (CBCT) imaging software capability to allow patient positioning based on soft-tissue anatomy. The Company's Eclipse treatment planning system provides physicians with three-dimensional (3D) image viewing, treatment simulation, radiation dosage calculation and verification and other tools for generating treatment delivery plans for the patient. The Company's Insightive analytics solution aggregates clinical and operational data and allows for decision making and practice management.

The Company's ARIA information system is an information management system and database that records and verifies radiotherapy treatments carried out on the linear accelerator, records and stores patient data relating to chemotherapy treatment. Qumulate is its cloud-based software technology that collects and analyzes machine performance data in a radiation therapy department and allows users to compare their machine performance data and trends against a community of users' data. The Company manufactures and sells Acuity, a simulator that uses amorphous silicon imaging technology. Its brachytherapy operations design, manufacture, sell and service advanced brachytherapy products, including VariSource HDR afterloaders and GammaMed HDR/PDR afterloaders, BrachyVision brachytherapy treatment planning system, applicators and accessories. Brachytherapy also develops and markets the VariSeed LDR prostate treatment planning system and the Vitesse software for treatment planning for HDR prostate brachytherapy.

Imaging Components

The Company's Imaging Components segment designs, manufactures, sells and services X-ray imaging components for use in a range of applications, including radiographic or fluoroscopic imaging, mammography, special procedures, computed tomography (CT), computer aided diagnostics, and industrial applications. The Company provides a range of X-ray imaging components, including X-ray tubes, flat panel digital image detectors, high voltage connectors, image processing software and workstations, ionization chambers and automatic exposure control systems. The Company sells its X-ray imaging components to imaging system original equipment manufacturer (OEM) customers that incorporate them into their medical diagnostic, dental, veterinary and industrial imaging systems, to independent service companies and directly to end users for replacement purposes. The Company's Imaging Components business segment also designs, manufactures, sells and services security and inspection products, which include Linatron X-ray accelerators, imaging processing software and image detection products for security and inspection purposes, such as cargo screening at ports and borders and nondestructive examination in a range of applications.

The Company sells security and inspection products to OEM customers who incorporate its products into their inspection systems. The Company manufactures X-ray tubes for four primary medical diagnostic radiology applications: CT scanners, radiographic or fluoroscopic imaging, special procedures and mammography. It also offers a line of industrial X-ray tubes, which consist of analytical X-ray tubes used for X-ray fluorescence and diffraction, as well as tubes used for non-destructive imaging and gauging, and airport baggage inspection systems. It also offers image processing tools for X-ray imaging systems for a range of modalities, including fluoroscopy, angiography, cardiology, mammography and general radiography.

Other

The Company's Other segment consists of Varian Particle Therapy (VPT) and the operations of the Ginzton Technology Center (GTC). The Company's VPT business develops, designs, manufactures, sells and services products and systems for delivering proton therapy, another form of external beam radiotherapy using proton beams, for the treatment of cancer. Its GTC business develops technologies that enhance its businesses to new business areas, including technology to improve radiation therapy and X-ray imaging, as well as other technology for a range of applications. GTC is also engaged in searching for chemical or biological agents that work synergistically with radiation to improve treatment outcomes.

The Company competes with Elekta AB, Accuray Incorporated, Philips Medical Systems, RaySearch Laboratories AB, Brainlab AG, Best Theratronics, Ltd., MIM Software Inc., Eckert & Ziegler BEBIG GmbH, Comet AG, IAE Industria Applicazioni Elettroniche Spa, Perkin-Elmer, Inc., Trixell S.A.S., Vieworks Co., Ltd., Canon, Inc., Hamamatsu Corporation, iRay Technology (Shanghai) Limited, Jiangsu CareRay Medical Systems Co., Ltd., Hitachi Heavy Industries, Ion Beam Applications S.A., Mevion Medical Systems, Inc., Siemens AG, Nuctech Company Limited and Sumitomo Heavy Industries, Ltd.

Company Address

Varian Medical Systems Inc

3100 Hansen Way
PALO ALTO   CA   94304-1030
P: +1650.4245834
F: +1302.6365454

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