ViewRay raises $13.75 million in private placement deal

Story excerpt provided by Crain’s Cleveland Business.

Written by Chuck Soder.

ViewRay has raised another $13.75 million in a private placement led by existing investors.

The move will buy the cancer technology company some time. It’s working on a new version of its MRI-guided radiation therapy system — a product that could do a lot to boost ViewRay’s sales, company executives have stated.

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Originally published August 22, 2016.

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