Elekta

Elekta is a global Swedish company that develops and produces radiation therapy and radiosurgery-related equipment and clinical management for the treatment of cancer and brain disorders. Elekta has a global presence in more than 120 countries, with over 40 offices around the world and about 4,700 employees.

Elekta AB

Company type	Public
Traded as	Nasdaq Stockholm: EKTA B
Industry	Neuroscience Radiation therapy Radiosurgery Oncology Electronic medical record
Founded	1972
Founder	Lars Leksell, Laurent Leksell
Headquarters	Stockholm , Sweden
Number of locations	Elekta has over 40 offices globally. Primary locations include: Stockholm, Crawley, Veenendaal, Warsaw, Helsinki, Milan, Cairo, Istanbul, New Delhi, Seoul, Beijing, Shanghai, Hong Kong, Tokyo, Sydney, Sunnyvale, California, St Louis, Missouri, Atlanta, Montreal, Mexico City, São Paulo
Key people	Gustaf Salford, CEO
Products	Elekta Unity MR-Linac, Leksell Gamma Knife, Versa HD linear accelerator, Harmony linear accelerator, Brachytherapy products; as well as Oncology Information System (MOSAIQ), Treatment Planning Software (Monaco)
Net income	1,157 million SEK (ca. US$ 118 million)
Number of employees	4,700
Website	www.elekta.com

History

Elekta was jointly founded in 1972 by the late Lars Leksell, Professor of Neurosurgery at the Karolinska Institute in Stockholm, Sweden, and his son Laurent (Larry) Leksell, in order to commercialize the development of the Leksell Stereotactic System, and Gamma Knife, which he had been researching since the late 1940s.^[1]

Since 1994, the company has been listed on the Nordic Exchange (Nasdaq Stockholm) under the ticker EKTAb. Larry Leksell became Chief Executive Officer of Elekta until 2005, and under his leadership the company expanded into a public medical technology group with more than 3,400 employees worldwide. Larry Leksell remains the chairman of the Board of Elekta. The role of President and CEO has been held by the following:

• Tomas Puusepp: May 2005 to May 2014
• Niklas Savander: May 2014 to May 2015
• Tomas Puusepp: May 2015 to June 2016
• Richard Hausmann: June 2016 until June 2020
• Gustaf Salford: June–November 2020 (as Acting President and CEO); November 2020 - today

Acquired companies

Elekta has acquired companies within the industry as well as distributors and service providers. Some of these include: Philips Medical Systems radiotherapy division,^[2] IMPAC Medical Systems, Inc.,^[3] Beijing Medical Equipment Institute (BMEI),^[4] 3D Line Medical Systems,^[5] CMS, Inc.,^[6] Nucletron,^[7] ProKnow Systems, LLC,^[8] Kaiku Health.^[9]

Products

Elekta produces a wide range of devices used in stereotactic radiosurgery, a noninvasive procedure used to treat brain disorders such as tumors, arteriovenous malformation (AVM), and some functional diseases. These devices include:

Neurosurgery products

Neurosurgery products, such as the Leksell Stereotactic System,^[10] an arc-based stereotactic frame, based on a polar coordinate system, that is fixed to the patient's head when performing minimally invasive stereotactic neurosurgery procedures.

Leksell Gamma Knife, used to treat brain tumors by administering high intensity gamma radiation therapy in a manner that concentrates the radiation over a small volume. The original device was invented in 1967 at the Karolinska Institute in Stockholm, Sweden by Lars Leksell, Romanian-born neurosurgeon Ladislau Steiner, and radiobiologist Börje Larsson from Uppsala University, Sweden. The first Gamma Knife was brought to the United States through an arrangement between US neurosurgeon Robert Wheeler Rand and Leksell and was given to the University of California, Los Angeles (UCLA) in 1979. Today there are more than 330 Leksell Gamma Knife systems installed and used globally.^[11]

Linear accelerators

Elekta also produces linear accelerators (linacs) used for external beam radiotherapy (EBRT), the most common form of radiotherapy (radiation therapy). Some of Elekta's linacs include:

• Versa HD linear accelerator (linac), launched in 2013.^[12]
• Elekta Unity MR-Linac, the first high field (1.5 Tesla) MR-Linac combines magnetic resonance imaging with a radiation therapy (MR/RT) system (linear accelerator). It was developed together with UMC Utrecht and Philips^[13] and launched in 2018.^[14]
• Harmony linear accelerator, launched in 2020.^[15]

Brachytherapy devices

Through the acquisition of Nucletron in 2011, Elekta became the global market leader in brachytherapy devices. These include:

• Flexitron afterloader, which delivers the planned radiation dose to the treatment area.
• Applicators (Geneva ^[6] and Venezia ^[7]) for cervical cancer patients.
• Oncentra Brachy treatment planning software.
• ImagingRing, a mobile CT scanner

Software

• MOSAIQ oncology information system (OIS) for oncology workflow and information management.
• Monaco treatment planning system.

During its 50 years, Elekta has developed and marketed dozens of new products, and owns thousands of patents^[16] for neurosurgical and radiation therapy-related technologies.

Environmental, Social, and Governance commitment

Elekta adheres to its Global Environment Policy, striving to manage its environmental impacts throughout the value chain and the life cycle of delivering its products and services, to meet its long-term environmental ambitions and sustainability goals.

Elekta issued the first sustainability-linked bonds in Sweden with a pure social KPI.^[17] The funds of SEK 1.5 billion are intended to contribute to increasing the global access of cancer care in underserved markets.

In August 2021, at its Annual General Meeting, Elekta's shareholders approved the Board of Directors’ proposal to establish the Elekta Foundation.^[18] The Elekta Foundation's mission is an important part of Elekta's environmental, social, and governance (ESG) strategy and priorities. Its mission is to initiate and support projects and programs in partnership with governments, NGOs and healthcare providers in low- and middle-income countries to improve access to cancer care.^[3]

Other relevant documents and links can be found on the Sustainability page of Elekta's website.

Read more in Elekta's In-Depth Sustainability Report from July 2022.

References

1. Ganz, Jeremy C. (2014). The History of the Gamma Knife. Elsevier. pp. 96ff. ISBN 9780444635266.
2. "Elekta acquiring Philips Medical Systems radiotherapy division in stock-swap". January 18, 2005.
3. "Elekta AB to Acquire IMPAC Medical Systems, Inc". January 18, 2005.
4. "Elekta finalizes the acquisition of 80 percent of BMEI". August 24, 2006.
5. "Elekta finalizes the acquisition of 3D Line Medical Systems". May 3, 2007.
6. "Elekta completes the acquisition of CMS". March 4, 2008.
7. "Regulatory approval for Elekta's acquisition of Nucletron". September 13, 2011.
8. "Elekta fortifies treatment planning offering with acquisition of ProKnow". August 28, 2019.
9. "Acquisition of Kaiku Health strengthens Elekta Digital offering with personalized digital health interventions". May 19, 2020.
10. "The Leksell System". Modern Stereotactic Neurosurgery: 27–46 – via Springer.
11. "The Origins and Development of Radiosurgery and the Leksell Gamma Knife". Leksell Radiosurgery. 34: 1–8. 2019. doi:10.1159/000493044.
12. "Elekta wins clearances for Versa HD upgrade". August 21, 2013.
13. "Adaptive radiotherapy: The Elekta Unity MR-linac concept". Clin Transl Radiat Oncol. 18: 54–59. September 1, 2019.
14. "Device that combines MRI and radiation therapy gets OK in Europe". Health Data Management. June 19, 2018.
15. "Elekta introduces new radiotherapy solution to help address worldwide cancer burden". September 15, 2020.
16. "Patents Assigned to Elekta AB (publ.)". JUSTIA Patents.
17. "Elekta's new sustainability-linked bond oversubscribed". December 3, 2021.
18. "Elekta's Board announces establishment of philanthropic Elekta Foundation". August 26, 2021.

External links

• Official website