Bloomberg the Company & Products

Bloomberg Anywhere Login

Bloomberg

Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world.

Company

Financial Products

Enterprise Products

Media

Customer Support

  • Americas

    +1 212 318 2000

  • Europe, Middle East, & Africa

    +44 20 7330 7500

  • Asia Pacific

    +65 6212 1000

Communications

Industry Products

Media Services

Follow Us

Ion Beam Climbs on Proton-Therapy System Order

Don't Miss Out —
Follow us on:

Sept. 7 (Bloomberg) -- Ion Beam Applications SA, Europe’s largest maker of proton-therapy equipment, rose to the highest in four months in Brussels trading after announcing an order to install a cancer-treatment system in the U.S.

The shares climbed as much as 9.7 percent to 4.88 euros, the highest since May 4. The stock traded at 4.70 euros, or 5.6 percent higher, at 9:46 a.m. local time.

The order, worth about $50 million to Ion Beam, is for a joint venture in Texas between Baylor Health Care System, Texas Oncology and McKesson Specialty Health, and includes a set of three treatment rooms, Louvain-la-Neuve, Belgium-based Ion Beam said today in a statement.

“Importantly, project financing has been secured,” Jan De Kerpel, an analyst at KBC Securities in Brussels who recommends buying the stock, wrote today in a note to clients. “The timing and the size of the deal should allow investors to increase their comfort level in IBA as an investment opportunity.”

The center will be able to treat more than 1,000 people annually, with the first treatments slated for 2015, the company said.

To contact the reporter on this story: Andrew Clapham in Brussels at aclapham@bloomberg.net

To contact the editor responsible for this story: Jerrold Colten at jcolten@bloomberg.net

Please upgrade your Browser

Your browser is out-of-date. Please download one of these excellent browsers:

Chrome, Firefox, Safari, Opera or Internet Explorer.