PALO ALTO, Calif., June 10, 2019 /PRNewswire/ -- Varian (NYSE: VAR) today announced it has acquired Austin, Texas-based Endocare and Hangzhou, China-based, Alicon, to expand its portfolio of multidisciplinary integrated cancer care solutions. Endocare is a leading provider of hardware and software solutions supporting cryoablation and microwave ablation, and Alicon, a leader in embolic therapy for treating liver cancer in China.

These acquisitions provide Varian with a leading position in the high-value interventional oncology segment, which is expected to grow from approximately $860 million in 2019 to over $1 billion in 20221. Varian will leverage the existing product portfolios of both companies as well as the active R&D programs powered by teams in Austin and Hangzhou. Consistent with Varian's vision of a world without fear of cancer and increased global access to advanced cancer care, these acquisitions will allow the combined organization to develop innovations in interventional oncology and provide patients and customers with a wider range of cancer care solutions delivered through Varian's proven global platform.

"Together, our acquisitions of Endocare and Alicon are an important step in Varian's long-term strategy to become a global leader in multidisciplinary, integrated cancer solutions," said Dow Wilson, president and chief executive officer of Varian. "We are confident that the portfolio of products and both companies' dynamic R&D pipelines will unlock new growth for Varian and expand our clinical partners' treatment options in the years to come. Varian is uniquely positioned to create an interventional oncology platform that combines software and services for treatment planning with advanced interventional treatment delivery."
"We are excited about the opportunity to join Varian," said David Chen, chief executive officer of Endocare and Alicon. "Endocare, Alicon, and Varian share a common goal of delivering innovative cancer care solutions, and this transaction will advance a united ability to develop the solutions necessary to achieve that goal. On a personal note, I am deeply proud of the products the Endocare and Alicon teams have developed, and I look forward to expanding our global patient impact together with Varian."

Endocare's lead product is the Cryocare CS™ System, a fully integrated planning, placement, and treatment system designed to simplify cryotherapy. Cryoablation therapy is a specialized type of cryotherapy for the minimally invasive treatment of a wide range of cancers, including the prostate, kidney, and lung as well as liver metastases and palliative intervention.

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