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Mevion Medical Systems Forming Joint Venture in China and Secures up to $200MM in Financing

Press releases may be edited for formatting or style | August 04, 2015

Yuan Tian and Dr. Tina Yu, Partners of YuanMing Capital stated, “We are very interested in investing in medtech leaders in the U.S. like Mevion, and truly believe that we can help these U.S. companies grow and maximize value in the Chinese market.”

The first Mevion system, which is installed at Barnes-Jewish Hospital in St. Louis, achieved the fastest per-room ramp-up of any proton therapy system in history, treating its first 100 patients in a single room in just 11 months. That system was followed by the clinical start of the Ackerman Cancer Center (ACC) in Jacksonville, Florida. The system at ACC beat all global patient treatment ramp-up records by reaching a per-room rate of 350 patients per year in less than three months. This treatment rate is comparable to the total number of patients treated each year at costlier four-room legacy systems. And, this spring, Mevion became the first proton therapy manufacturer to open two facilities back-to-back; the system at Robert Wood Johnson University Hospital treated its first patient less than four weeks after the first patient was treated at ACC, further evidence of its breakthrough efficiency.

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The MEVION S250 delivers higher-quality, targeted radiation therapy for cancer patients at a fraction of the size and operating costs and with much higher operational efficiency than the legacy proton systems. Its modular design and smaller footprint – a single-room format occupies only 2,000 sq. ft. (180 sq. m) – means that a MEVION S250 can be added to existing cancer facilities in even the most densely populated cities with extreme space constraints while installations can be scaled to provide multi-room capabilities at large cancer hospitals. And, it is the most environmentally friendly system using less than ten percent of the energy of legacy systems. Overall the Mevion system offers customers the best economics for building and running a proton facility in the current challenging reimbursement environment. The versatility of MEVION S250 will greatly increase accessibility for patients across the globe.

About Mevion Medical Systems

Mevion Medical Systems, Inc. is a leading provider of proton therapy systems for use in radiation treatment for cancer patients. Mevion’s flagship product, the MEVION S250 proton therapy platform, is the only modular, single room proton therapy system currently on the market. The MEVION S250 integrates with standard radiation therapy workflow and provides a proton therapy treatment environment at a fraction of the cost, footprint and operational complexity of conventional systems.

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