Cancer Patients Across the U.S. to Benefit from GenesisCare's Partnership with ViewRay, Inc.
GenesisCare expands its partnership with ViewRay (NASDAQ: VRAY) by acquiring new MRIdian® MR-Guided Therapy Systems for enhanced radiation therapy. The initial installations will take place in Fort Myers, Florida, before extending to the UK and other regions. The MRIdian system offers oncologists superior visualization and real-time tracking of tumors, enabling tighter treatment margins and less radiation exposure to healthy tissues. With over 12,500 patients treated and 43 systems installed worldwide, this collaboration aims to improve cancer care accessibility and effectiveness.
- Expansion of partnership with GenesisCare enhances ViewRay's market presence.
- MRIdian system provides advanced radiation therapy, improving treatment precision.
- Over 12,500 patients treated with MRIdian, indicating established product efficacy.
- Potential market risks associated with the ongoing COVID-19 pandemic impacting operations.
FORT MYERS, Fla., June 24, 2021 /PRNewswire/ -- GenesisCare—one of the leading oncology providers in the United States, Australia, Spain, and the United Kingdom—today announced it expanded its partnership with ViewRay, Inc. (NASDAQ: VRAY) by purchasing new MRIdian® MR-Guided Therapy Systems to offer personalized and precise radiation therapy. The MRIdian system provides oncologists unprecedented acute visualization through diagnostic-quality MR images and the ability to adapt to target cancer in real-time, aligning with GenesisCare's mission to provide the most advanced treatments to its patients globally. The systems will be installed in U.S. locations first, beginning with Fort Myers, Florida, then expanding across the United Kingdom (UK) and beyond.
"GenesisCare was founded with a mission to provide cancer patients with access to the most comprehensive and advanced treatment possible, no matter their location," said Dan Collins, CEO and founder, GenesisCare. "We work hard to continue to find opportunities to partner with companies who are driving innovation, change, and challenging the status quo of possible treatments. As a team, including ViewRay, The Pancreatic Cancer Research Fund, and the University of Oxford, we've already seen compelling results from the Compassionate Access Programme (in the UK)."
This combination of this acute visualization and the diagnostic-quality images allows physicians to define tight treatment margins and deliver the treatment in five or fewer treatment sessions. In addition, by enabling continuous tracking of the target and surrounding healthy tissue, MRIdian can fluctuate the radiation beam if the patient moves. This allows for more precise delivery of the prescribed dose while sparing surrounding healthy tissue and critical structures, which helps further reduce toxicities typically associated with conventional radiation therapy.
"We're excited to expand our partnership with GenesisCare as they have demonstrated the benefits MRIdian SMART (stereotactic MR-guided adaptive radiotherapy) brings to patients in the UK, having successfully delivered SMART for every patient at their center of excellence in Oxford," said Scott Drake, President and CEO of ViewRay. "The reach of the GenesisCare network is vast, and with this expansion into the United States, their investment in MRIdian is a testament to realizing our mission to treat and prove what others can't. We are excited our maturing partnership with GenesisCare will continue to revolutionize the radiation oncology landscape."
With more than 440 oncology and cardiology centers, GenesisCare offers radiotherapy at centers across Europe, Australia, and the United States. Every year more than 400,000 people from around the world receive care through GenesisCare's team of more than 5,500 highly trained healthcare professionals and support staff.
More than 12,500 patients have been treated with MRIdian. Currently, 43 MRIdian systems are installed at hospitals worldwide, where they are used to treat a wide variety of cancer and focus on numerous ongoing research efforts. MRIdian has been the subject of hundreds of peer-reviewed publications, scientific abstracts, and presentations.
For a list of treatment centers, please visit: https://viewray.com/find-mridian-mri-guided-radiation-therapy/
About GenesisCare
Headquartered in Sydney, Australia, GenesisCare delivers treatment to people with cancer and heart disease, the two largest disease burdens globally. GenesisCare is committed to leading the change in how care is given and is currently leading or participating in more than 150 clinical trials. We employ more than 5,500 highly trained physicians, healthcare professionals and support staff across Australia, Europe, and now the U.S. This follows our acquisition of major U.S. integrated oncology provider 21st Century Oncology in May 2020.
Every year GenesisCare clinical teams see more than 40,000 people at more than 440 locations. For cancer treatment, that includes more than 300 locations in the U.S. across 20 states, 38 locations in Australia, 14 in the UK and 21 in Spain. GenesisCare has more than 30 new centers under development. We also offer cardiology and sleep services at more than 80 locations across Australia. Our purpose is to design care experiences that get the best possible life outcomes. The GenesisCare team believes that care should be focused on the individual, not the condition, and we are proud of our world-class patient satisfaction ratings. For more information, visit https://www.genesiscare.com/
About ViewRay
ViewRay, Inc. (Nasdaq: VRAY), designs, manufactures and markets the MRIdian radiation therapy system. MRIdian is built upon a proprietary high-definition MR imaging system designed from the ground up to address the unique challenges and clinical workflow for advanced radiation oncology. Unlike MR systems used in diagnostic radiology, MRIdian's high-definition MR was purpose built to address specific challenges, including beam distortion, skin toxicity, and other concerns that potentially may arise when high magnetic fields interact with radiation beams. ViewRay and MRIdian are registered trademarks of ViewRay, Inc.
ViewRay is a medical device manufacturer and cannot and does not recommend specific treatment approaches. Individual results may vary. The results described herein may not be predictive.
Forward-Looking Statements
This press release contains forward-looking statements within the meaning of Section 27A of the Private Securities Litigation Reform Act. Statements in this press release that are not purely historical are forward-looking statements. Such forward-looking statements include, among other things, the rate of new orders, upgrades, and installations, ViewRay's expectations for 2021 and beyond and ViewRay's conference calls to discuss its fourth quarter and full-year 2020 results. Actual results could differ from those projected in any forward-looking statements due to numerous factors. Such factors include, among others, the ability to commercialize MRIdian Linac System, demand for ViewRay's products, the ability to convert backlog into revenue, the timing of delivery of ViewRay's products, the timing, length, and severity of the recent COVID-19 (coronavirus) pandemic, including its impacts across our businesses on demand, operations and our global supply chains, the results and other uncertainties associated with clinical trials, the ability to raise the additional funding needed to continue to pursue ViewRay's business and product development plans, the inherent uncertainties associated with developing new products or technologies, competition in the industry in which ViewRay operates, and overall market conditions. For a further description of the risks and uncertainties that could cause actual results to differ from those expressed in these forward-looking statements, as well as risks relating to ViewRay's business in general, see ViewRay's current and future reports filed with the Securities and Exchange Commission, including its Annual Report on Form 10-K for the fiscal year ended December 31, 2020, and its Quarterly Reports on Form 10-Q, as updated periodically with the company's other filings with the SEC. These forward-looking statements are made as of the date of this press release, and ViewRay assumes no obligation to update the forward-looking statements, or to update the reasons why actual results could differ from those projected in the forward-looking statements, except as required by law.
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SOURCE GenesisCare
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