IBA - Second system sold by CGNMT in China
CGNMT sold a second ProteusPLUS system in China. IBA will provide them with part of the equipment.No impact on valuation as our model already includes revenues from CGNMT. We expect two systems to be sold by CGNMT this year. TP and Buy reiterated.IBA- Ion Beam Applications develops and markets technologies and pharmaceutical products for the healthcare sector, with a focus on cancer diagnosis and therapy. Co. is also engaged in the sterilization and ionization market. Co. operates in two primary business segments: Equipment and Pharmaceuticals. Co.'s Equipment segment encompasses development, fabrication, and services associated with medical and industrial particle accelerators, proton therapy systems, and a range of dosimetry products, while Co.'s Pharmaceuticals segment encompasses the production and distribution of radiopharmaceutical agents as well as its bioassay operations.
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