CTI PET Systems Inc. and Toshiba Medical Systems Corp. will jointly develop a line of integrated PET-CT systems for Toshiba to distribute in Japan. The agreement leverages the collaborative work that has taken place between the two companies for over a year.
Additionally, CTI said the agreement expands the relationship of the companies under which Toshiba is presently a distributor in Japan for dedicated PET units manufactured by CPS.
Under the terms of the agreement, the new PET-CT platform is being designed based upon the PET technology of CPS and the CT technology of Toshiba. CPS utilizes CTI's proprietary LSO-based detector crystals.
"Japan is a large and attractive healthcare market where PET is currently underutilized," said Greg Brophy, president of CTI PET Systems. "We believe Toshiba possesses tremendous capability to use a new PET-CT product line to accelerate market adoption of PET by introducing it into their sizable installed base of CT customers. Although the domestic PET market has slowed in recent quarters, PET growth is strong in international markets. We expect that approximately 175 scanners, or 40 percent of all PET units, will be sold in international markets in 2005."
The first prototype PET-CT developed between CPS and Toshiba was unveiled in Japan at the Congress of the Japan Radiological Society this year in April. The pair said it anticipates that the new PET-CT will be commercially available during the first half of 2005.