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AMERICAN SHARED HOSPITAL SERVICES (AMEX:AMS-News)
, a leading provider of turnkey technology solutions for advanced radiosurgical and radiationtherapy services, today shared a recent announcement from Still River Systems, developer of theMonarch250, an affordable, precise and compact proton therapy system for cancer treatment in whichAMS owns an equity interest, updating developments on Still River's proton therapy system:
Next Generation Proton Therapy System for Cancer Treatment Set for Release This Year
LITTLETON, Mass., Feb. 26, 2009 -- Still River Systems announced today the successful operationof the world's highest field, high energy cyclotron magnet. Still River's magnet is the key technicalelement for reducing the size and cost of the particle accelerator that will deliver proton therapy at anumber of hospitals beginning with the first installation at Barnes Jewish Hospital in St. Louis,Missouri this fall."The last six months have been very exciting," said Marc Buntaine, CEO. "Still River has achievedall of the component milestones that bring us to system integration and delivery." Proton therapy,widely regarded as the next evolutionary step in the radiation treatment of cancer, has seenunprecedented interest from the radiation oncology and patient communities in recent years.However, the large size and high cost of existing proton therapy systems have made it difficult forthe average hospital to add this powerful tool to their cancer fighting arsenal.The heart of the Monarch250, a superconducting magnet developed in an industrial and academicpartnership with the Massachusetts Institute of Technology, has now tested operational and stableat its full design current. "This magnet sets a record for magnetic field strength used in a high energycyclotron. The cyclotron built around this magnet will be the most compact source for proton therapyavailable today," said Dr. Kenneth Gall, founder and Chief Technology Officer. "All of theMonarch250 sub-systems are now in the final phases of manufacturing and will be ready to ship toour first customers for installation later this year."Still River's Monarch250 proton therapy system, a unique and compact machine, was developed toprovide proton therapy at a greatly reduced cost and size. In addition, Still River Systems hasincorporated the latest advancements in radiation therapy patient management with its innovativeaccelerator technology, including a robotic couch for patient positioning, dedicated proton therapytreatment planning, cone beam CT imaging, and motion management. All of these clinical systemshave been integrated within the Monarch250 platform. "Our goal is to provide our customers with afully integrated, turnkey proton therapy solution with the most advanced clinical systems for patientmanagement," said Dr. Skip Rosenthal, Vice President of Clinical Systems. "Integrating these keyradiation therapy technologies is critical to ease of use in a clinical setting."Still River Systems first installation sites, Barnes Jewish Hospital in St. Louis, Missouri and RobertWood Johnson University Hospital in New Jersey, have begun construction for the new facilities thatwill house the first Monarch250 systems in the United States.Still River Systems, based in Littleton, Massachusetts, is dedicated to providing physicians and theirpatients' access to high quality, cost-effective proton therapy solutions. Still River Systems isdeveloping the Monarch250, an affordable, precise and compact proton therapy system for cancertreatment. This system has not yet been cleared by the FDA for commercial use in clinical therapy.For more information on Still River Systems and the Monarch250 Proton Therapy System, pleasecall 978-540-1500 or visitwww.StillRiverSystems.com.
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American Shared Hospital Services SharesDevelopments at Still River Systems
Thursday March 5, 2009, 1:00 pm ESTPrint
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Source: American Shared Hospital Services
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Page 1 of 3American Shared Hospital Services Shares Developments at Still River Systems - Yahoo!...4/11/2009http://finance.yahoo.com/news/American-Shared-Hospital-bw-14555612.html
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