Under a deal implemented in 2009, RaySearch had been providing Siemens with treatment planning modules for integration with the OEM's syngo Suite for Oncology software.
Under a termination agreement announced this week, Siemens will pay RaySearch a one-time fee of 1 million euros ($1.3 million U.S.) and will provide intellectual property payments to RaySearch.
Siemens launches new breast analysis software, December 12, 2012
Siemens organizes ultrasound training event, December 5, 2012
Siemens to launch new Artis Q angio line at RSNA, November 19, 2012
RaySearch receives large Austrian order from MedAustron, October 24, 2012
RaySearch wins Heidelberg order, March 7, 2012
RaySearch creates sales network in Italy, September 29, 2011