RaySearch, Siemens end partnership

Radiation therapy firm RaySearch Laboratories and multimodality vendor Siemens Healthcare have agreed to terminate their partnership in radiation therapy treatment planning.

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.

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