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Accuray Incorp - ARAY STOCK NEWS

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About Accuray Incorporated

Accuray Incorporated (NASDAQ: ARAY) is a global leader in radiation oncology, dedicated to advancing cancer care through cutting-edge radiation therapy and radiosurgery solutions. Headquartered in Madison, Wisconsin, the company develops, manufactures, and markets innovative technologies that enable healthcare providers to deliver precise, non-invasive treatments for a wide range of cancers and neurological conditions. With a focus on improving patient outcomes and expanding access to care, Accuray’s systems are designed to meet the diverse needs of clinicians and patients worldwide.

Core Technologies and Solutions

Accuray’s flagship products include the CyberKnife® System, a robotic radiosurgery platform, and the Radixact® System, an advanced helical radiation therapy device. These systems are equipped with proprietary features such as Synchrony® real-time motion tracking and ClearRT® imaging, enabling sub-millimeter accuracy in radiation delivery. The CyberKnife System is renowned for its ability to treat tumors in just 1 to 5 outpatient sessions, making it a preferred choice for patients requiring ultra-hypofractionated therapy. Similarly, the Radixact System’s continuous 360-degree helical delivery allows for precise dose conformity, minimizing radiation exposure to healthy tissues.

Market Position and Global Reach

Operating in the highly competitive radiation therapy market, Accuray distinguishes itself through its focus on robotic precision and adaptive technologies. The company has a strong presence in emerging markets, particularly in China, where its joint venture has facilitated the introduction of systems like the Tomo® C and Radixact SynC. Recent regulatory approvals for the CyberKnife S7™ and Radixact SynC Systems underscore Accuray’s commitment to addressing the growing demand for advanced cancer treatments in underserved regions.

Commitment to Innovation

Accuray’s 30-year legacy of innovation is exemplified by its continuous development of groundbreaking solutions, such as the recently launched Helix™ System, designed to improve access to radiotherapy in non-urban areas. The company also invests in clinical research, with studies like the PACE-B trial demonstrating the efficacy of its technologies in reducing treatment times while maintaining high rates of cancer control. These efforts align with Accuray’s mission to set new standards of care in radiation therapy.

Challenges and Opportunities

While Accuray faces challenges such as supply chain disruptions and competitive pressures, its strategic initiatives—such as expanding its service business and entering high-growth markets—position it for long-term success. The company’s focus on partnerships, like its collaboration with TrueNorth Medical Physics, further enhances its ability to support healthcare providers in delivering personalized, high-quality care.

Impact on Patients and Clinicians

Accuray’s technologies empower clinicians to treat complex cases with confidence, offering patients shorter treatment durations, reduced side effects, and improved quality of life. By combining precision, adaptability, and accessibility, Accuray is transforming the way cancer is managed, enabling more patients to benefit from life-saving radiation therapy.

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Accuray (NASDAQ: ARAY) has signed an agreement with TrueNorth Medical Physics to enhance radiation oncology departments' capabilities. TrueNorth will provide third-party support services, including physics, dosimetry, and commissioning for Accuray's TomoTherapy, Radixact, and CyberKnife systems. This partnership aims to assist hospitals with staffing, technology adoption, and the achievement of patient treatment goals. TrueNorth's team brings over 125 combined clinical years of experience to the table, offering services on-site, remotely, or in hybrid formats. This collaboration underscores Accuray's commitment to innovation and improving patient care in radiation therapy.

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Accuray announced the approval of its Accuray Precision Treatment Planning System (TPS) by China's National Medical Products Administration (NMPA). This approval allows the system to be used with the CNNC-Accuray joint venture Tomo C radiation therapy system. This combination aims to provide precise radiotherapy treatments, expanding access for cancer patients in China. Suzanne Winter, CEO of Accuray, highlighted the system's benefits in addressing the high incidence of cancer in China. The Accuray Precision TPS facilitates rapid adaptation of treatment plans to changes in tumor characteristics and healthy tissue, enhancing treatment accuracy. The Tomo C platform includes helical imaging and radiation delivery with patented beam-shaping technology, optimizing radiation dose control.

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Accuray announced its participation in the Jefferies Global Healthcare Conference 2024. The management team will engage in a fireside chat on June 5, 2024, at 7:30am EDT/4:30am PDT, which will be broadcast live on the company's investor relations website. A replay will be available for 90 days. Accuray focuses on innovating radiation therapy solutions for complex medical cases, aiming to improve patient outcomes globally. The company is headquartered in Madison, Wisconsin, with facilities worldwide.

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Accuray Incorporated (NASDAQ: ARAY) reported a decrease in net revenue for the third quarter and nine-months ended March 31, 2024. The GAAP net loss was $6.3 million, with gross orders increasing by 21%. Despite challenges, the company remains confident in its growth strategy and ability to offer value globally.

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Accuray Incorporated (NASDAQ: ARAY) is showcasing advances in radiation therapy solutions at ESTRO 2024, celebrating 30 years of innovation. The latest CyberKnife® and Radixact® platforms improve cancer treatment, expanding curative power and bridging care gaps. Accuray prioritizes patient well-being with precise technologies. Technologies highlighted include the Radixact System with enhanced imaging capabilities, ClearRT™, CyberComm™ for faster patient treatment, and Cenos™ for adaptive treatment planning. The company's legacy includes breakthroughs in cancer and neuro-radiosurgical technology, driving personalized patient care.
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Accuray Incorporated (NASDAQ: ARAY) expands its global training center network by opening a new facility in Genolier, Switzerland. The center aims to advance patient care through education on the Accuray CyberKnife® and Radixact® Systems. The facility offers hands-on simulation, seminars, and workshops for medical professionals involved in radiotherapy and radiosurgery. The partnership with Genolier Innovation Hub enhances access to high-quality training and innovative techniques.
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Accuray Incorporated (NASDAQ: ARAY) will report financial results for the third quarter of fiscal year 2024 on May 1, 2024. The conference call will be hosted by company management at 1:30 p.m. PT/4:30 p.m. ET. Investors can access the call through dial-in numbers or a live webcast on the company's Investor Relations website. A replay will be available for one week after the call.
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Accuray Incorporated (NASDAQ: ARAY) presented new data at the 2024 Radiosurgery Society Meeting supporting the use of the CyberKnife System in treating high-risk and recurrent prostate cancer. The system's precision with stereotactic body radiation therapy (SBRT) offers effective treatment in 4-5 sessions compared to traditional therapy. The data highlighted favorable outcomes, low toxicities, and the system's ability to track and correct for prostate movement during treatment.
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Accuray Incorporated (ARAY) will participate in the 36th Annual Roth Conference with a fireside chat on March 18, 2024. The event will be live webcasted and available for replay on the company's website.
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Accuray Incorporated (ARAY) will participate in the Oppenheimer 34th Annual Healthcare MedTech & Services Conference on March 12-13, 2024. The management team will engage in a fireside chat on March 12, 2024, at 7:00am PST / 10:00am EST. Investors can access the live webcast on the Accuray website with a replay available post-event.
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FAQ

What is the current stock price of Accuray Incorp (ARAY)?

The current stock price of Accuray Incorp (ARAY) is $1.92 as of March 3, 2025.

What is the market cap of Accuray Incorp (ARAY)?

The market cap of Accuray Incorp (ARAY) is approximately 199.5M.

What does Accuray Incorporated specialize in?

Accuray specializes in developing advanced radiation therapy and radiosurgery systems, including the CyberKnife® and Radixact® platforms, to treat cancer and neurological conditions.

How does the CyberKnife System work?

The CyberKnife System uses robotic precision and real-time motion tracking to deliver high-dose radiation with sub-millimeter accuracy, enabling treatment in 1 to 5 outpatient sessions.

What makes the Radixact System unique?

The Radixact System features helical delivery and ClearRT® imaging, allowing for continuous 360-degree radiation delivery that conforms precisely to the tumor while sparing healthy tissue.

What markets does Accuray serve?

Accuray serves global markets, with a strong presence in regions like North America, Europe, and Asia, including emerging markets such as China.

What are Accuray’s recent innovations?

Recent innovations include the Helix™ System for emerging markets, Radixact SynC with real-time adaptive delivery, and the CyberKnife S7™ for ultra-hypofractionated therapy.

How does Accuray address gaps in cancer care?

Accuray focuses on expanding access to advanced radiotherapy through innovative technologies, strategic partnerships, and tailored solutions for underserved regions.

What clinical evidence supports Accuray’s technologies?

Studies like the PACE-B trial demonstrate the efficacy of Accuray’s systems in reducing treatment times and achieving high cancer control rates with minimal side effects.

What challenges does Accuray face?

Challenges include supply chain disruptions, regulatory hurdles, and competition in the radiation therapy market. However, strategic initiatives and innovation help mitigate these risks.

How does Accuray generate revenue?

Accuray generates revenue through product sales, service agreements, and strategic partnerships, with a growing focus on emerging markets and service expansion.

What is Accuray’s mission?

Accuray is committed to improving lives by advancing the curative power of radiation therapy through continuous innovation and global accessibility.
Accuray Incorp

Nasdaq:ARAY

ARAY Rankings

ARAY Stock Data

199.48M
99.96M
2.58%
62.89%
4%
Medical Devices
Surgical & Medical Instruments & Apparatus
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