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ViewRay Inc. - VRAY STOCK NEWS

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ViewRay, Inc. (Nasdaq: VRAY) is a trailblazer in the field of MRI-guided adaptive radiotherapy. The company designs, manufactures, and markets the MRIdian® radiation therapy system, an innovative solution aimed at addressing the key limitations of conventional external-beam radiation therapy technologies. Using cutting-edge MRI-based technology, the MRIdian system provides real-time imaging that precisely distinguishes the targeted tumor from surrounding soft tissue and critical organs during radiation treatment.

One of the standout features of the MRIdian system is its capability to record the level of radiation exposure the tumor receives and adapt the treatment prescription as needed. This adaptive approach enhances the safety and efficacy of radiation therapy, which ViewRay believes will lead to better patient outcomes.

ViewRay has established itself as a visionary in the medical field, dedicated to providing doctors with advanced tools to improve cancer treatment through radiation therapy. The company prides itself on its entrepreneurial spirit and unwavering commitment to innovation and excellence.

Among its recent achievements, ViewRay announced that the VA Oklahoma City Healthcare System has selected the MRIdian system to expand its radiation therapy services. This marks the first cancer center in Oklahoma to offer Veterans access to MRIdian's advanced MRI-guided radiation therapy. The system will enable precision treatment for various cancers, including pancreas, prostate, lung, liver, breast, and oligometastatic disease.

The Veterans Health Administration, the largest integrated healthcare system in America, is actively incorporating MRIdian technology across multiple VA medical centers. This expansion highlights the growing recognition of MRIdian's short-course non-invasive therapy, which promises fewer side effects and improved quality of life for patients.

To date, over 31,000 patients worldwide have been treated using MRIdian systems, with 62 installations in hospitals across the globe. These systems are employed to treat a diverse range of solid tumors and are subjects of numerous ongoing research studies. The MRIdian system has been featured in hundreds of peer-reviewed publications and scientific presentations, underscoring its clinical significance and impact.

For a list of treatment centers utilizing MRIdian technology, visit ViewRay's website.

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NUBURU, Inc. has announced the appointment of Brian Knaley as the new Chief Executive Officer, replacing Dr. Mark Zediker. Knaley, who previously served as the Company's Chief Financial Officer, brings over 25 years of experience in finance and operations. The Board is confident that Knaley's expertise will support the Company's transformation and drive its next phase of growth.
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ViewRay, Inc. (Nasdaq: VRAY) has received a letter from Nasdaq stating that its securities will be delisted due to the company's voluntary petition for relief under Chapter 11 of the U.S. Bankruptcy Code and concerns about its ability to meet the minimum bid price requirement. Trading of the company's stock will be suspended on July 26, 2023, and it is expected to begin trading on the OTC markets under the symbol 'VRAYQ'. The transition to the OTC markets will not affect the company's operations in chapter 11.
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ViewRay, Inc. has filed for Chapter 11 bankruptcy and plans to sell its business. The company has secured $6 million in debtor-in-possession financing to support ongoing operations. The CEO and two board members have resigned, and new appointments have been made.
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ViewRay, Inc. announced that the VA Oklahoma City Healthcare System has selected MRIdian MRI-guided radiation therapy system to expand radiation therapy services at the Oklahoma City VA Medical Center. This will be the first cancer center in Oklahoma and the fourth VA medical center offering Veterans access to MRIdian's advanced MRI-guided radiation therapy to treat cancer.
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ViewRay, Inc. (NASDAQ: VRAY) announces details for the release of Q1 2023 financial results and conference call.
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ViewRay, Inc. announces preliminary financial results for Q1 2023. Received 13 new orders for MRIdian systems totaling $68 million. Total backlog increased to $411 million. Total revenue for Q1 2023 was $23 million. Net loss for Q1 2023 was $29 million. Adjusted EBITDA was a loss of $25 million. Company's Board of Directors retained Goldman Sachs as financial advisor to evaluate strategic alternatives.
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ViewRay, Inc. (NASDAQ: VRAY) has scheduled a conference call for April 13, 2023, at 8:00 AM ET to discuss preliminary financial results for the first quarter of 2023. Domestic callers can join at (888) 886-7786 using confirmation number 56031524. A live webcast will also be available on ViewRay's investor relations page. The MRIdian® MR-Guided Radiation Therapy System, designed with high-definition MR imaging, addresses challenges in advanced radiation oncology, such as beam distortion and skin toxicity. This innovative technology differentiates itself from conventional MR systems used in diagnostic radiology.

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ViewRay (NASDAQ: VRAY) announced that the Czech Ministry of Health has approved the acquisition of its MRIdian system, making it the first and only facility to provide advanced MRI-guided radiation therapy in the Czech Republic at the Military University Hospital Prague. This purchase, partially funded by the REACT-EU financial instrument, enhances cancer treatment options with precision technology that includes real-time tissue tracking and automatic beam control. Over 29,000 patients have already benefited from MRIdian systems, which are installed in 57 hospitals worldwide.

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FAQ

What does ViewRay, Inc. specialize in?

ViewRay, Inc. specializes in designing, manufacturing, and marketing the MRIdian® MRI-Guided Radiation Therapy System, which provides real-time imaging during radiation treatments.

What is the MRIdian® system?

The MRIdian® system is an MRI-guided radiation therapy technology that enables real-time imaging to distinguish tumors from surrounding tissues and adapt treatment accordingly.

What recent achievement has ViewRay announced?

ViewRay announced that the VA Oklahoma City Healthcare System will offer MRIdian's MRI-guided radiation therapy, making it the first cancer center in Oklahoma to provide this advanced treatment.

How many patients have been treated with the MRIdian system?

Over 31,000 patients have been treated with the MRIdian system globally.

How many MRIdian systems are currently installed worldwide?

There are currently 62 MRIdian systems installed in hospitals around the world.

What types of cancer can be treated with MRIdian?

The MRIdian system can treat a wide range of cancers, including pancreas, prostate, lung, liver, breast, and oligometastatic disease.

Why is MRIdian considered advanced in radiation therapy?

MRIdian is advanced because it incorporates real-time MRI imaging, adaptive radiation therapy, and precise dose recording, leading to better visualization and treatment accuracy.

What are some common side effects of radiation therapy with MRIdian?

Common side effects may include temporary irritation to various body systems, fatigue, nausea, skin irritation, and hair loss.

Is MRIdian suitable for all patients?

No, MRIdian may not be suitable for all patients, especially those who cannot undergo magnetic resonance imaging. Consult a doctor for personalized advice.

Where can I find more information about MRIdian treatment centers?

For more information about MRIdian treatment centers, visit ViewRay's website at https://viewray.com/mridian-treatment-centers/.

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