Philips, RaySearch expand partnership

Royal Philips Electronics, the parent company of Philips Medical Systems, and Stockholm-based RaySearch Laboratories have issued a letter of intent to sign a long-term development and license agreement pertaining to new products for adaptive radiation therapy.

The companies said they already collaborate on intensity-modulated radiation therapy (IMRT) applications as well as research into adaptive radiation therapy. The license agreement means that RaySearch and Philips will enter into a new product-oriented phase of cooperation while the joint research continues, according to the firms.

By staff writers
May 19, 2005

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