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ViewRay Inc (ViewRay) is a medical device company that develops radiation therapy technology for the treatment of cancer. It provides MRIdian, a radiation therapy solution that enables treatment and real-time imaging of a patient’s anatomy simultaneously. The company offers MRIdian to integrate MRI technology, radiation delivery and proprietary software to locate, target and track the position and shape of soft-tissue tumors although radiation is delivered. ViewRay’s technology MRIdian Linac uses the same split-magnet MRI system used in the MRIdian, which is designed to fit in standard radiotherapy vaults replacing X-ray guided linear accelerators. The company caters services to university research and teaching hospitals, community hospitals, private practices, government institutions and freestanding cancer centers. ViewRay is headquartered in Oakwood Village, Ohio, the US.
Headquarters
United States of America
Address
2 Thermo Fisher Way, Oakwood Village, Ohio, 44146-6536
Website
viewray.com
Telephone
1 440 7033210
No of Employees
295
Industry
Medical Equipment
Ticker Symbol & Exchange
VRAYQ (OTC)
Revenue (2022)
$102.2M
45.8%
(2022 vs 2021)
EPS
XYZ
Net Income (2022)
XYZ
2.5%
(2022 vs 2021)
Net Profit Margin (2022)
XYZ
33.1%
(2022 vs 2021)
* As of and is in US$
Products and Services
| Products |
|---|
| MRIdian Linac System |
| MRIdian System |
History
History section provides information on new products, mergers, acquisitions, expansions, approvals, and many more key events.
| Year | Event | Description |
|---|---|---|
| 2023 | Bankruptcy Filing | In July, the company filed for Chapter 11 bankruptcy protection. |
| 2023 | Contracts/Agreements | In January, the company entered into an agreement with Hudson Executive Capital LP to customary standstill and voting commitments. |
| 2023 | Contracts/Agreements | In January, the company entered into a master purchase agreement with University Hospitals (UH) Seidman Cancer Center in Cleveland for MRIdian MR-Guided radiation therapy system. |
Competitor Comparison
| Key Parameters | ViewRay Inc | Elekta AB | Accuray Inc | Raysearch Laboratories AB | Advanced Imaging Research Inc |
|---|---|---|---|---|---|
| Headquarters | United States of America | Sweden | United States of America | Sweden | United States of America |
| City | Oakwood Village | Stockholm | Madison | Stockholm | Cleveland |
| State/Province | Ohio | - | Wisconsin | - | Ohio |
| No. of Employees | 295 | 4,541 | 1,024 | 383 | - |
| Entity Type | Public | Public | Public | Public | Private |
Key Financial Charts
Sales Growth
Net Income Growth
Executives
| Name | Position | Board | Since | Age |
|---|---|---|---|---|
| Daniel Moore | Chairman | Executive Board | 2018 | 62 |
| Scott W Drake | Chief Executive Officer; President; Director | Executive Board | 2018 | 55 |
| William P Burke | Executive Vice President; Chief Financial Officer | Senior Management | 2023 | 54 |
| Robert McCormack | Chief Legal Officer | Senior Management | 2018 | 56 |
| Martin Fuss | Chief Medical Officer | Senior Management | - | - |
| Non Dignissim Eros | Proin vel | Convallis | 2024 | XY |
| Non Dignissim Eros | Proin vel | Convallis | 2024 | XY |
| Non Dignissim Eros | Proin vel | Convallis | 2024 | XY |
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