NetworkNewsBreaks – ViewRay, Inc. (NASDAQ: VRAY) Receives FDA Clearance for MRIdian Linac System; ‘Buy’ Rating Reiterated at Aegis Capital

Aegis Capital has reiterated its ‘Buy’ rating and $11 price target on shares of ViewRay, Inc. (NASDAQ: VRAY). In its recent fourth quarter and full year 2016 financial report, ViewRay reported record revenue of $22.2 million for the year, as well as $133.2 million in backlog. Additionally, the company said it received 510(k) clearance from the U.S. Food and Drug Administration (FDA) to market the MRIdian Linac system, the company’s next generation linear accelerator-based MRI-guided radiation therapy system. The first two MRIdian Linac systems in the United States are expected to be installed at Henry Ford Hospital in Detroit and Barnes-Jewish Hospital at Washington University in St. Louis.

To view the full press release, visit: http://nnw.fm/M5eoB

About ViewRay

ViewRay®, Inc. (NASDAQ: VRAY), designs, manufactures and markets the MRIdian® radiation therapy system. MRIdian integrates MRI technology, radiation delivery and proprietary software to locate, target and track the position and shape of soft-tissue tumors during radiation. ViewRay believes this combination of enhanced visualization and accuracy will significantly improve outcomes for patients. ViewRay and MRIdian are registered trademarks of ViewRay, Inc. To learn more, visit www.viewray.com.

About NetworkNewsBreak

NetworkNewsBreak (NNB) provides a rapid summary of corporate news that caught the attention of NetworkNewsWire (NNW). NNB keeps you up-to-date on active US Public Companies complementary to NNW’s broader scope as a provider of news aggregation and syndication, enhanced press release services and a full array of social communication solutions. As a multifaceted financial news and distribution company with an extensive team of journalists and writers, NNW is uniquely positioned to best serve private and public companies who need to reach a wide audience of investors, consumers, journalists and the general public. NNW has an ever-growing distribution network of more than 5,000 key syndication outlets across the country. By cutting through the overload of information in today’s market, NNW brings its clients unparalleled visibility, recognition and brand awareness. NNW is where news, content and information converge.

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