Medical equipment supplier Cowealth Medical Co (合富) yesterday said that it received a notice from US-based Accuray Inc to terminate the firms’ cooperation contract to sell the latter’s Cyberknife for tumor treatment in China.
The notice came after Cowealth announced that it would invest US$5 million in US-based ViewRay Inc to acquire a seat on its board and the exclusive rights to sell ViewRay’s tumor treatment devices in Taiwan, Hong Kong and Macau for the next 10 years starting yesterday. Accuray perceived the move as conflicting with the Taiwanese company’s previous commitment to promote Cyberknife, Cowealth said.
“We do not think the investment conflicts with our commitment to Accuray, since we sell the Cyberknife and ViewRay devices in different regions. We will discuss the issue further with Accuray and take the necessary measures to protect our rights,” Cowealth said in a note yesterday.
Accuray is to send representatives to negotiate over the future maintenance of CyberKnife systems sold by Cowealth, the equipment supplier firm said.
From January through September, Cowealth posted NT$1.99 billion (US$67.3 million) in revenue, of which Cyberknife sales and maintenance accounted for 24 percent, the company said.
“We are facing increasing difficulty acquiring permits from Beijing to sell Cyberknife systems to Chinese hospitals,” Cowealth CEO Lee Duane (李惇) said at an investors’ conference on Nov. 1.
Accuray previously agreed to grant Cowealth exclusive rights to sell the systems until June 30, 2016, the Taiwanese firm said.
The Eurovision Song Contest has seen a surge in punter interest at the bookmakers, becoming a major betting event, experts said ahead of last night’s giant glamfest in Basel. “Eurovision has quietly become one of the biggest betting events of the year,” said Tomi Huttunen, senior manager of the Online Computer Finland (OCS) betting and casino platform. Betting sites have long been used to gauge which way voters might be leaning ahead of the world’s biggest televised live music event. However, bookmakers highlight a huge increase in engagement in recent years — and this year in particular. “We’ve already passed 2023’s total activity and
Nvidia Corp CEO Jensen Huang (黃仁勳) today announced that his company has selected "Beitou Shilin" in Taipei for its new Taiwan office, called Nvidia Constellation, putting an end to months of speculation. Industry sources have said that the tech giant has been eyeing the Beitou Shilin Science Park as the site of its new overseas headquarters, and speculated that the new headquarters would be built on two plots of land designated as "T17" and "T18," which span 3.89 hectares in the park. "I think it's time for us to reveal one of the largest products we've ever built," Huang said near the
China yesterday announced anti-dumping duties as high as 74.9 percent on imports of polyoxymethylene (POM) copolymers, a type of engineering plastic, from Taiwan, the US, the EU and Japan. The Chinese Ministry of Commerce’s findings conclude a probe launched in May last year, shortly after the US sharply increased tariffs on Chinese electric vehicles, computer chips and other imports. POM copolymers can partially replace metals such as copper and zinc, and have various applications, including in auto parts, electronics and medical equipment, the Chinese ministry has said. In January, it said initial investigations had determined that dumping was taking place, and implemented preliminary
Intel Corp yesterday reinforced its determination to strengthen its partnerships with Taiwan’s ecosystem partners including original-electronic-manufacturing (OEM) companies such as Hon Hai Precision Industry Co (鴻海精密) and chipmaker United Microelectronics Corp (UMC, 聯電). “Tonight marks a new beginning. We renew our new partnership with Taiwan ecosystem,” Intel new chief executive officer Tan Lip-bu (陳立武) said at a dinner with representatives from the company’s local partners, celebrating the 40th anniversary of the US chip giant’s presence in Taiwan. Tan took the reins at Intel six weeks ago aiming to reform the chipmaker and revive its past glory. This is the first time Tan
RSS