The agreement comprises R&D, marketing and sales of imaging and therapy solutions in oncology and enables both companies to mutually leverage technologies and solutions.
Proton therapy is considered to be one of the most advanced treatments for cancer.
"It would work in 30 per cent of the cancers specially where there are organs as heart, chest, brain behind it. It would work in head and neck, prostate, lungs, pediatrics, heart, chest, pancreas, .. All these are identified as areas where this is a preferred choice," said Philips Healthcare President South Asia Sameer Garde.
"The proton therapy is very specific in its treatment. It would not touch the healthy cells as it is very targeted and precise. Hence there is no complication of hitting the healthy cells," a company official said.
IBA has already started building a proton therapy centre at Apollo Chennai and it would be functional soon.
"We are already talking to Tata Memorial Centre, and also in discussion with other hospitals," said Garde who is also Sector Market Leader - Indian Subcontinent.
IBA has globally sold 33 proton therapy centers including in the US, Europe, Russia, China, Korea and Japan.
IBA is a global medical technology firm focused on solutions for diagnosis and treatment of cancer and is a worldwide technology leader in the field of proton therapy.
