NetworkNewsBreaks – Mizuho Securities Initiates Coverage with ‘Buy’ Rating on ViewRay, Inc. (NASDAQ: VRAY)

Mizuho Securities USA LLC has initiated coverage with a ‘Buy’ rating and price target of $12 on shares of ViewRay, Inc.’s (NASDAQ: VRAY) stock. The company designs, manufactures and markets the MRIdian® radiation therapy system, which received CE-mark approval and 510(k) approval in February of this year. The analyst sees immense potential in the MRI-guided LINAC to disrupt current radiation oncology. The MRI-LINAC offers real-time imaging improving dosimetry and reduces the toxicity to patients, which makes for stiff competition for other companies that seem to have recently began to focus on real-time imaging. Additionally, the analyst believes that the company may reach breakeven by the end of 2018 if it installs five machines per quarter.

For more information, visit www.ViewRay.com

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.

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