Varian gains on word of Siemens' 'selective exit' from radiation therapy

Varian Medical Systems ($VAR) soared the most it has in two years after an analyst said Siemens AG ($SI) planned to "selectively exit" radiation therapy. "Siemens has been losing share in this market for years to both Varian and Elekta, so the news does not come as a complete surprise," JPMorgan Chase analyst Tycho Peterson wrote in a research note, as quoted by Bloomberg. "The exit should accelerate additional share shift and could provide upside to Street estimates." Item

Suggested Articles

BD will begin working with Babson Diagnostics to help bring its lab-quality device for collecting blood from capillaries into retail pharmacies.

The former CEO of the molecular testing company Foundation Medicine, Troy Cox, has been named chairman of the Swiss big data firm Sophia Genetics.

Researchers at MIT used a machine-learning algorithm to uncover the potent antibiotic properties hiding within an old small-molecule candidate.