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…







