Empyrean Medical Systems, Inc, and MetOx Technologies, Inc. announced a strategic collaboration agreement to accelerate the large-scale development of novel technology that will enable commercial production of next generation, state-of-the-art radiation therapy technology for cancer treatment.
This trifecta of technology partners brings together MagCorp’s expertise in superconducting magnet technology development using MetOx’s next generation High-Temperature Superconducting wire (HTS) to design and build state-of-the-art radiation therapy technology for Empyrean at a commercial scale. Empyrean’s robotically-assisted Morpheus beam sculpting image-guided radiotherapy system, taken from concept to FDA submission and clearance in approximately eighteen months, is readying for large-scale production. The success of this manufacturing collaboration will have a dramatic impact on the future of oncology and will unlock the potential of this technology to serve the rapidly growing global need for novel cancer treatment technology.
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“We are thrilled and honored to partner with MetOx and MagCorp, which provide us several technological and scientific breakthroughs on some of our core technologies and key components for current and future products,” said Kal Fishman, President and CEO of Empyrean. “After commercially launching the Morpheus™ system this year, we are entering our next phases of innovation and critical technology development. HTS enables Empyrean to implement its technology and products with a higher level of elegance and sophistication while allowing us to constantly push the envelope on physics, materials science, and engineering.
By bringing our scientific, engineering, and business teams together through this strategic partnership, we are better positioned to create breakthrough products that are more precise, more effective, and safer in targeting and treating a broad range of cancer indications. We believe the results of this collaboration could present a paradigm shift in our industry, which will revolutionize how we treat cancer and save lives. For our patients. For good.”
“Empyrean has been working in partnership with MagCorp for some time, and this next step in development has been a shared vision from the beginning,” explained Jeff Whalen, Director of MagCorp. “Our team includes the foremost experts in HTS superconducting magnet technology from the National High Magnetic Field Laboratory in Tallahassee, FL, but the missing link in fully leveraging this technology has been the lack of availability of HTS at scale,” Jeff continued. “We’ve been working with MetOx and they’ve exhibited standout leadership and excellent strategic vision for increasing the supply of HTS in an industry that’s proving to be more critical every day. The MagCorp, MetOx and Empyrean partnership is comprised of incredible people with the disruptive and innovative thinking abilities the world needs to solve major challenges like developing game-changing cancer treatment technologies.”
SOURCE: PRNewswire