Marks First System Purchase in Japan Following Recent Shonin Regulatory Approval
CLEVELAND / CRWE PRESS RELEASE / September 21, 2016 - ViewRay, Inc. (Nasdaq: VRAY) announced today that the National Cancer Center (NCC) in Tokyo, Japan has purchased a MRIdian System, the world’s first and only clinical MRI-guided radiation therapy system.
The MRIdian System is a unique medical instrument that integrates full-time MR imaging, cobalt radiation delivery, and intelligent software automation. Using the MRIdian System, clinicians can see soft tissue, and visualize and adjust the dose — all in real-time, on live anatomy. With MRIdian this is done without exposing the patient to the additional ionizing radiation that is common with other imaging modalities.
In mid-August, ViewRay announced that the company had received Shonin approval from the Japanese Ministry of Health, Labor and Welfare (MHLW) to market the MRIdian System within Japan.
“We are both pleased and honored to have our first MRIdian sale in Japan at the NCC just a short while after receiving Shonin approval,” said Chris A. Raanes, president and chief executive officer of ViewRay. "I cannot imagine a better partner than the NCC to bring the benefits of the MRIdian System to cancer patients in Japan, and we believe that their order is an indicator of the strong demand and excitement that exists for MRI-guided radiation therapy in Japan."
The National Cancer Center in Japan is one of Japan’s leading national cancer treatment facilities, providing patient care for more than 50 years. The NCC is at the forefront of research in cancer treatment and plays a central role in training doctors, nurses, and other medical professionals to specialize in cancer medicine.
“We believe the combination of MRI-imaging with radiation delivery and the ability to adapt our plan during treatment will change the way we treat cancer in Japan,” saidJun Itami, M.D., Ph.D., chair of the Department of Radiation Oncology, National Cancer Center. “We look forward to introducing MRIdian to our patients as part of our promise to bring them world-class medical care.”
ViewRay is represented in Japan by ITOCHU Corporation, one of the three largest general trading companies in Japan. ITOCHU has been focusing on the healthcare business to promote important medical innovations in Japan for approximately 40 years.
“We are proud to be ViewRay’s exclusive distributor in Japan and are very excited that the NCC will be the first in Japan to acquire the MRidian System,” said Tadashi Kawamura, general manager of ITOCHU Corporation, Industrial Machinery & Healthcare Business Department. “With a large aging population, the number of patients in Japan suffering from cancer is increasing every year. We believe the MRIdian System can help physicians and patients in their fight against cancer with its unique MRI-guided radiation therapy technology.”
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.
Forward Looking Statements:
This press release contains forward-looking statements. Statements in this press release that are not purely historical are forward-looking statements. Such forward-looking statements include, among other things, references to the demand for MRI-guided radiation therapy in Japan, the benefits of the MRIdian System for physicians and patients in Japan, the expected reception of the MRIdian System in Japan and the receipt by the NCC of its MRIdian System. Actual results could differ from those projected in any forward-looking statements due to numerous factors. Such factors include, among others, the ability to raise the additional funding needed to continue to pursue ViewRay’s business and product development plans, the inherent uncertainties associated with developing new products or technologies, competition in the industry in which ViewRay operates and overall market conditions. These forward-looking statements are made as of the date of this press release, and ViewRay assumes no obligation to update the forward-looking statements, or to update the reasons why actual results could differ from those projected in the forward-looking statements, except as required by law. Investors should consult all of the information set forth herein and should also refer to the risk factor disclosure set forth in the reports and other documents ViewRay files with the SEC available at www.sec.gov.
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Source: ViewRay, Inc.