Deal of the Week: Accuray Licenses Autocontouring Technology from Morphormics

Alliance deal reprinted from Strategic Transactions - October 2008

Find out about how radiosurgery company Accuray has licensed development rights to Morphormics' (imaging) autocontouring technology for radiation treatment planning.

Morphormics was spun out of the University of North Carolina at Chapel Hill in 2001, and holds an exclusive license to the unique platform from UNC. Autocontouring (also called autosegmentation) identifies and highlights boundaries of the prostate and surrounding anatomy and matches the measurements with CT scans to allow for more precise and focused delivery of radiation during the treatment of prostate cancer and minimize other structures' exposure to the drugs. The technology is still in the development stages, and when finalized will be incorporated into devices. Accuray sells the CyberKnife robotic radiosurgery system, which uses image guidance and computer-controlled robotic movements to noninvasively treat tumors anywhere in the body. The system keeps track of tumor placement and body movement in an effort to deliver high-dose radiation directly to the targeted site without damaging surrounding healthy tissue.

Other deals this reported this week:

Acquisition

  Medtronic buys CryoCath for $361mm · September 2008

Alliance

•   Accuray licenses autocontouring technology from Morphormics · September 2008
•   Glucometrics licenses Oxygen Biotherapeutics's technology · September 2008
•   Pfizer to promote Urodynamix's UroNIRS device in the US · September 2008
•   Refractive surgery JV is planned by B&L, 20/10 Perfect Vision · September 2008

Financing

•   Calypso gets $20mm in venture debt · September 2008
•   Voyage Medical gets $22mm through its Series B · August 2008

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