Elekta

Elekta

Develops precision radiation therapy equipment and software

About Elekta

Simplify's Rating
Why Elekta is rated
B+
Rated B on Competitive Edge
Rated A on Growth Potential
Rated B on Rating Differentiation

Industries

Biotechnology

Healthcare

Company Size

1,001-5,000

Company Stage

IPO

Total Funding

N/A

Headquarters

Stockholms kommun, Sweden

Founded

1972

Overview

Company Does Not Provide H1B Sponsorship

Elekta focuses on precision radiation medicine, providing advanced technologies for cancer and brain disorder treatments. The company develops and distributes radiation therapy equipment and software that help clinicians improve patient outcomes and optimize clinical workflows. Unlike many competitors, Elekta emphasizes expanding access to radiation therapy in underserved markets, serving a wide range of clients including hospitals and cancer treatment centers. The goal is to enhance the global reach of their medical devices while maintaining a commitment to sustainability and increasing shareholder value.

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Simplify's Take

What believers are saying

  • AI integration in radiation therapy improves patient outcomes and clinical efficiency.
  • Strategic partnerships enhance Elekta's market reach and digital health capabilities.
  • Expansion in underserved markets increases access to advanced cancer treatment.

What critics are saying

  • Increased competition from AI-driven imaging technologies may challenge Elekta's market share.
  • Integration of Philips' Pinnacle system may face technical challenges or customer resistance.
  • Expansion into underserved markets may encounter regulatory hurdles and infrastructure limitations.

What makes Elekta unique

  • Elekta's AI-powered CT-Linac Evo offers advanced adaptive radiation therapy capabilities.
  • The acquisition of Philips' patent portfolio enhances Elekta's treatment planning solutions.
  • Elekta's partnerships with GE Healthcare and Merck & Co expand its digital health offerings.

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Benefits

Health Insurance

Dental Insurance

Vision Insurance

Life Insurance

401(k) Company Match

Paid Vacation

Hybrid Work Options

Wellness Program

Tuition Reimbursement

Company News

ITN Online
May 14th, 2024
Elekta Launches AI-powered, Adaptive CT-Linac for Next Level Cancer Care

May 14, 2024 - Elekta announced the launch of its latest linear accelerator (linac), Evo*, a CT-Linac with new high-definition AI enhanced imaging, capable of delivering offline and online adaptive radiation therapy as well as improved standard image-guided radiation therapy treatments.

Medical Device Network
May 6th, 2024
Elekta introduces AI-powered adaptive CT-Linac

Complementing the launch of Evo, Elekta has introduced a new extension to its comprehensive software suite, Elekta ONE Planning, powered by MIM.

PharmiWeb
May 3rd, 2024
Elekta Further Strengthens Its Elekta One Software Suite With Acquisition Of Philips Treatment Planning Patent Portfolio

STOCKHOLM – Elekta (EKTA-B.ST) announces the acquisition of Philips Healthcare’s Pinnacle Treatment Planning System (TPS) patent portfolio. This strategic move bolsters Elekta’s position in treatment planning and underscores its commitment to being the innovation leader in radiation therapy.Elekta and Philips have reached an agreement to transfer Philips’ patent portfolio in the radiation oncology treatment planning domain to Elekta, unlocking further innovations in radiation therapy treatment planning and workflow optimization. By integrating the technologies covered by the acquired patent portfolio, Elekta and Philips aim to offer a seamless and best-in-class transition for existing Pinnacle users to Elekta ONE Planning, including data conversion services, showcased at the upcoming ESTRO event.In June 2021, Elekta and Philips announced their long-term strategic partnership to advance comprehensive and personalized cancer care through precision oncology solutions, from CT and MR simulation to treatment planning, preparation and delivery.Maurits Wolleswinkel, President, Linac and Software Solutions at Elekta, said: “Thanks to continued investments over the years, our treatment planning system supports both Elekta and non-Elekta devices, including proton therapy, making Elekta ONE Planning one of the most competitive solutions in the market. At ESTRO, we will unveil exciting new capabilities, including novel scripting elements inspired by Pinnacle, demonstrating Elekta ONE’s competitive advantage.”Martijn Hartjes, Business Leader Clinical Informatics at Philips, added: “We are pleased that we can continue to support our customers with leading solutions in radiation oncology. This is a logical next step in the strong long-term collaboration between Philips and Elekta in the radiotherapy domain to improve cancer care together.”See a live demo of Elekta ONE, and how it will elegantly include Pinnacle-related technology, at ESTRO 2024, May 3-7 in Glasgow, UK at Elekta’s booth #440.# # #For further information, please contact:Mattias Thorsson, Vice President, Head of Corporate CommunicationsTel: +46 70 865 8012, e-mail: [email protected] zone: CET: Central European TimeRaven Canzeri, Global Director, Media RelationsTel: +1 770-670-2524, e-mail: [email protected] zone: ET: Eastern TimeAbout ElektaAs a leader in precision radiation therapy, Elekta is committed to ensuring every patient has access to the best cancer care possible. We openly collaborate with customers to advance sustainable, outcome-driven and cost-efficient solutions to meet evolving patient needs, improve lives and bring hope to everyone dealing with cancer

Yahoo Finance
Apr 23rd, 2024
GE Healthcare subsidiary expands radiation therapy partnership with Elekta

GE Healthcare subsidiary MIM Software will expand a partnership with Elekta to develop radiation therapy software.

Hit Consultant
Apr 22nd, 2024
Ge Healthcare & Elekta Expand To Streamline Radiation Therapy For Cancer Patients

What You Should Know:– Just weeks after acquiring MIM Software, a leader in medical imaging analysis and AI solutions, GE HealthCare strengthens its commitment to improving cancer care through a deeper collaboration with Elekta, a leader in precision radiation oncology.– The strategic partnership aims to revolutionize radiation therapy workflows and ultimately benefit both patients and healthcare providers.Addressing Challenges in Radiation TherapyNearly two-thirds of all cancer patients undergo radiation therapy, but current processes can be time-consuming due to a lack of interoperability and automation. This can significantly impact patient outcomes. The collaboration specifically addresses these challenges by leveraging AI-powered software and advanced imaging capabilities.The collaboration will focus on developing innovative software solutions designed to:Improve Workflow Efficiency: Streamline workflows within radiation therapy treatment planning, enhancing efficiency for clinicians.Streamline workflows within radiation therapy treatment planning, enhancing efficiency for clinicians. Increase Throughput: Reduce the time it takes for patients to receive radiation treatment, minimizing delays.Reduce the time it takes for patients to receive radiation treatment, minimizing delays. Enhance User Experience: Make the treatment planning process more user-friendly for clinicians.GE HealthCare’s MIM Software and Elekta’s treatment planning software will be combined to create a powerful solution for oncology treatment planning. This collaboration builds upon both companies’ existing strengths in regional markets, ensuring the solutions can be adopted globally.“Our decision to join GE HealthCare was driven by a ‘shared vision of maximizing impact’ and our motivation for this collaboration with Elekta is no different,” explains Andy Nelson, CEO of MIM Software, GE HealthCare

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