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ViewRay gains amid new purchase orders for radiation therapy system
JuSun
MRIdian is designed to provide oncologists with diagnostic-quality magnetic resonance imaging, helping them to adapt a radiation therapy to the targeted cancer.
The company said that University Hospitals in Cleveland has entered into a master agreement to immediately purchase one MRIdian system with the option to order additional three systems.
In another agreement, a subsidiary of Shanghai Fosun (OTCPK:SFOSF) unit Chindex Medical Limited has ordered 10 MRIdian systems.
Shanghai Fosun (OTCPK:SFOSF) has been ViewRay’s (VRAY) distribution partner in China, where MRIdian was granted the regulatory nod in September 2022.
Seeking Alpha contributor Zach Bristow upgraded ViewRay (VRAY) to Buy in November citing the company’s revised 2022 guidance.