logo
Share SHARE
FONT-SIZE Plus   Neg

Accuray To Purchase Morphormics For Around $5.7 Mln - Quick Facts

Accuray Inc. (ARAY) said it has signed a definitive agreement to acquire Morphormics, Inc., a privately held company which develops medical imaging software systems that automatically recognize and extract anatomical structures from medical images. The agreement provides that Accuray will pay about $5.7 million.

According to Accuray, with the acquisition of Morphormics, it plans to extend autocontouring capabilities for both the CyberKnife Robotic Radiosurgery System and the TomoTherapy System to improve disease specific workflows.

by RTT Staff Writer

For comments and feedback: editorial@rttnews.com

Business News

Quick Facts

Editors Pick
British lender Lloyds Banking Group Plc. Friday reported higher profit in its first half, benefited by increased net interest income and margin as well as lower impairment. Looking ahead, the company lifted its net interest margin forecast. Amgen reported an increase in second-quarter profit, driven by sales of arthritis drug Enbrel and osteoporosis treatments Xgeva and Prolia, and improved margins. Both earnings and sales topped Wall Street estimates. Electronic Arts Inc. (EA) on Thursday reported an increase in profit for the first quarter, reflecting continued strong digital revenues, with both earnings and revenues topping Wall Street estimates. However, shares of the company fell over 4 percent, after having detailed a weak outlook. Redwood...
comments powered by Disqus
RELATED NEWS
Trade ARAY now with 
Follow RTT