Benzinga | Sep 16, 2020 08:19AM EDT

Varian Says Expects To Benefit From Extension Of Medical Linear Accelerators Tariff Exclusion In China

PALO ALTO, Calif. and BEIJING, Sept. 16, 2020 /PRNewswire/ --Varian (NYSE:VAR) has received notice from the Customs Tariff Commission of the State Council of China that the first exclusion of the additional tariffs China imposed on US products will expire on September 16, 2020. In accordance with procedures, the exclusion will be extended by one year, from September 17, 2020 to September 16, 2021. Varian medical linear accelerators are one of the first items to be excluded from additional tariffs.

"We are grateful for the extension. It demonstrates China government's determination to fight cancer and its recognition of the positive impact of radiotherapy treatments," said Dow Wilson, chief executive officer of Varian. "Together, we can develop and provide a more intelligent cancer care solutions to accelerate our pace toward the vision of a world without fear of cancer. The extension of exemption allows us to continue to focus on the fight against cancer."