Ion Beam Applications SA (IBAB.BR,IOBCF), on Friday, said it has signed a contract with the Catholic University of Korea's Seoul St. Mary's Hospital to install a Proteus PLUS proton therapy solution in Seoul.
The company said the typical price paid by end users for a three-room Proteus PLUS system, including a multi-year maintenance contract, generally ranges from 80 million euros to 100 million euros.
Seoul St. Mary's Hospital plans to begin treating patients by the end of 2029.
The contract covers a Proteus PLUS system with three gantry treatment rooms and a multi-year service agreement, and will also include DynamicARC beam delivery capabilities once regulatory clearance is obtained.
The completed proton therapy center will span eight floors, including underground levels, with a total area of 37,851 square meters.
On Wednesday, Ion Beam Applications closed trading EUR 12.14 on the Brussels Stock Exchange.
For comments and feedback contact: editorial@rttnews.com
Business News
May 22, 2026 14:46 ET Minutes of the latest Fed policy session was the highlight of the week along with survey data on the U.S. housing market. In Europe, survey data signaled the trends in the euro area private sector. Further, consumer price inflation data from the U.K. was in focus. In Asia, various economic indicators from China drew attention to the health of the economy.