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05 January
ViewRay gains amid new purchase orders for radiation therapy system
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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.