RaySearch was founded in 2000 as a spin-off from Karolinska Institutet in Stockholm, Sweden. The founders are still major shareholders in the company. In just over ten years, the company has established a leading position in the field and 15 products have been launched in the market in collaboration with partners. In addition, the new proprietary RayStation treatment planning system was launched in 2010.
RaySearch's business model entails two routes to the market and the products are sold both via partners and directly to cancer centers.
In the partnership model, RaySearch's treatment planning solutions are sold through other leading med tech companies. The products are then included as integrated modules in the partners' systems.
RaySearch also markets a complete proprietary treatment planning system - RayStation. The system contains all of RaySearch's advanced treatment planning solutions integrated into a flexible system. RayStation is sold directly to end customers by RaySearch's own sales organization.
The product development and the research teams are based at the head office in Stockholm, Sweden, together with senior management and the central sales and service organization.
Expansion in Sales & Service
RaySearch also has local sales and service offices in USA, France, UK and Belgium, and a network of distributors in Italy, Spain, South Korea and China. RaySearch is currently expanding the organization for sales and marketing of RayStation on the most important cancer radiation therapy markets.
RaySearch Laboratories AB (publ) has received 510(k) clearance from the FDA for version 4.5 of its treatment planning system RayStation®.
The latest version of RayStation, 4.5, includes a number of new features.
RaySearch is a medical technology company that develops innovative software solutions for improved radiation therapy of cancer.
RaySearch Laboratories AB has entered into an exclusive distribution agreement with AlphaXRT (formerly CMS Alphatech) based in Sydney, Australia and Auckland, New Zealand.
Through scripting, the clinic specific procedures can be implemented and automated. Scripting in RayStation provides automation, connectivity and flexibility beyond what is possible in the ordinary graphical user interface.