June 28, 2016, IBA -- IBA (Ion Beam Applications S.A., EURONEXT), the world’s leading provider of proton therapy solutions for the treatment of cancer, today announces it has signed a new binding term sheet, containing a significant and immediate down-payment, with Proton Partners International (PPI), to install a Proteus®ONE* compact proton therapy solution. This latest Proteus®ONE purchase is part of PPI’s strategy to expand its proton therapy network internationally. The location of this center will be disclosed at a later stage.

The term sheet covers delivery of the Proteus®ONE equipment, including Pencil Beam Scanning (PBS) and Cone Beam CT (CBCT) capabilities making it the only compact solution ready for Adaptive Treatment. The term sheet also includes a maintenance agreement. The typical end-user price for a Proteus®ONE system with a maintenance contract is between EUR 35 and 40 million and it is expected that the center will be treating patients in 2018.

This center is the fourth to be built for PPI and will be the 14th installation of IBA’s compact single room proton therapy solution globally. IBA has already sold 42 PT centers worldwide, with this project being the latest to be signed as a result of the framework agreement with Philips that has been in place since September 2014, demonstrating the benefit of this relationship in bringing new international contracts to fruition.
Olivier Legrain, Chief Executive Officer of IBA, commented: “We are delighted that IBA has been selected by PPI to build another new Proteus®ONE. PPI’s choice of IBA and our compact solution once again, not only strengthens our world-leading position in proton therapy, but also demonstrates the increasing demand for this cutting edge treatment modality. At present, proton therapy represents only 1% of all radiotherapy treatments, however, studies estimate that more than 17% of patients treated by radiotherapy would benefit from being treated with proton therapy.”

Mike Moran, Chief Executive Officer of Proton Partners International Limited, added: "The professional support and responsiveness that IBA has demonstrated throughout our collaborations has resulted in the signing of a new agreement with them. Cancer incidence is rising dramatically, globally, and more innovation is needed to deal with this disease. Our strategy of building a strong international network of proton therapy centers will guarantee high quality treatment throughout our network, enabling ever more patients to benefit from cutting-edge proton therapy.”


About Proteus®ONE
Proteus®ONE is the compact intensity modulated proton therapy (IMPT) solution from IBA. It benefits from the latest technologies developed with renowned clinical institutions. Proteus®ONE is smaller, more affordable, easier to install and to operate. It is ultimately easier to finance, making this advanced radiation therapy modality available to more institutions and patients worldwide.
Proteus®ONE makes Proton Therapy easy.

European Press Room Homepage