RaySearch Acquires DrugLog

RaySearch acquires product DrugLog from Pharmacolog for SEK 7 million

RaySearch (publ) announces the acquisition of the product DrugLog from Pharmacolog AB. DrugLog is a cost-effective solution for verifying the identity and concentration of compounded injectable medications, used for cancer treatment with cytostatic drugs (chemotherapy).
Through this agreement, RaySearch acquires full ownership of all rights to the product DrugLog for its application in the field of oncology, including the measuring device, calibration parameters, source code, as well as intellectual property rights. The purchase price for the asset acquisition amounts to SEK 7 million.

What CEO said

• Johan Löf, founder and CEO, RaySearch: ""We are excited to welcome DrugLog to RaySearch's product portfolio. Since its inception, RaySearch has focused on software for optimizing and planning radiation therapy. 
• The long-term vision is to provide software support for all types of cancer treatments, including chemotherapy and surgery. 
• In the first step, we intend to add support for treatment planning in RayStation and workflows in RayCare for chemotherapy management. We anticipate that these extensions will be launched by 2026 at the latest. DrugLog will be an excellent complement to this and significantly improve and simplify quality assurance in cancer treatment with chemotherapy. 
• We look forward to integrating DrugLog into our offering and continuing to deliver innovative solutions to cancer centres worldwide.""

Expert solutions

DrugLog is renowned for its quick, reliable and easy-to-use measuring device that in a matter of seconds verifies that the cytostatic compound contains the right drug at the right concentration. By incorporating DrugLog into the product offering and with RaySearch's expertise in treatment planning, and global customer base and sales organization, the acquisition will strengthen RaySearch's position and create opportunities to further improve the care of cancer patients worldwide.

Future Leaders

Lars Gusch, CEO of Pharmacolog comments: ""During the fall and winter, the board of directors and management have worked intensively to implement a sale of all or parts of the business in order to strengthen the company's financial position and preserve shareholder value. A significant milestone has been achieved with this asset deal and I am very pleased to have found a reliable and competent partner in RaySearch who wants to continue our DrugLog product line. My colleagues and I look forward to continuing this work as RaySearch employees.""

Further information regarding the acquisition and integration of DrugLog will be communicated to customers, partners, and stakeholders in the future.

RaySearch Laboratories AB (publ) is a medical technology company that develops innovative software solutions for improved cancer treatment.

Optimize Your trial insights with Clival Database.

Are you exhausted from the uncertainty of trial insights pricing? Clival Database ensures the clarity in the midst of the global scenario for clinical trials to you.

Clival Database is one of the best databases that offers an outstanding number of clinical trial data in terms of 50,000+ molecules and from primary regulatory markets as well as new entrants like Indian and Chinese markets.

With Clival, you get accurate positioning of historical sales data, patent database, company profiling, safety & efficacy, and prediction of launch of new innovative molecules helping you to align your research and driving down the cost.

To add value, we further break down our analytics for you so that improving your operational effectiveness; optimizing your clinical trials; and offering you accurate and high-quality data at lowest possible prices becomes possible.

Elevate your trial success rate with the cutting-edge insights from Clival database.

Check it out today and make more informed sourcing decisions! Learn More!