ViewRay Announces Collaborations with Elekta and Medtronic

UF startup ViewRay, Inc., a leading medical technology company that provides groundbreaking MRI-guided radiation therapy, announced that it has signed a non-binding memorandum of understanding for collaboration with Elekta AB, a Swedish company that provides radiation therapy, radiosurgery, related equipment, and clinical management for the treatment of cancer and brain disorders, to advance the knowledge and use of MR-guided radiation therapy. In connection with the collaboration, Elekta has committed to invest capital for up to a 9.9% minority interest in ViewRay, subject to the terms and conditions set forth in a commitment agreement.

Additionally, ViewRay has signed a non-binding memorandum of understanding with Medtronic, a medical technology, services, and solutions company, to enter into a clinical collaboration in an area of mutual interest that includes exploring the clinical benefits of the MRIdian MR-guided radiation therapy system. In connection with the collaboration, Medtronic has committed to invest in a minority interest in ViewRay, subject to the terms and conditions set forth in a commitment agreement.

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