- CEO
- Paul Ziegler Jr.
- Full Time Employees
- 295
- Sector
- Healthcare
- Industry
- Medical - Devices
- Address
- 1099 18th Street Denver CO United States of America 80202
- IPO Date
- Aug 10, 2015
- Business
- ViewRay, Inc. (OTC:VRAYQ) designs, manufactures, and markets magnetic resonance imaging (MRI)-guided radiation therapy systems for imaging and treating cancer patients. The company offers the MRIdian system, including the MRIdian A3i model featuring diagnostic-quality MRI imaging, real-time tissue tracking, automated beam gating in up to three planes, automated contouring and adaptation tools, patient breath-hold display, and brain treatment capabilities with dedicated coils and immobilization; MRIdian supports personalized treatments for pancreas, prostate, lung, liver, breast, and oligometastatic cancers while addressing beam distortion, skin toxicity, and soft-tissue visualization limitations of conventional systems. ViewRay serves university research hospitals, community hospitals, private practices, government institutions, and freestanding cancer centers through direct sales and distributors in the United States, Italy, France, Taiwan, the United Kingdom, and internationally.
Founded in 2004 and headquartered in Denver, Colorado, with prior principal offices in Oakwood Village, Ohio, the company operates in the radiation oncology segment of the medical technology industry, targeting oncologists and radiation therapy providers.
In July 2023, ViewRay and certain subsidiaries filed voluntary Chapter 11 petitions in the U.S. Bankruptcy Court for the District of Delaware to pursue a sale of all or a portion of its assets while supporting customers with $6 million in debtor-in-possession financing from MidCap Financial Services and existing cash reserves; reorganization efforts failed, leading to cessation of operations effective October 25, 2023. The company conducted workforce reductions, including over 100 layoffs in 2023, terminated its CEO, interim CFO, and chief legal officer, and delisted from Nasdaq to OTC trading under VRAYQ amid ongoing adversary proceedings as of 2025. ViewRay Systems, Inc. maintains the MRIdian website promoting A3i installations, patient treatments across multiple disease sites, and clinical evidence of reduced side effects and extended survival, though no acquisition or emergence from bankruptcy is confirmed.