Image-guided radiation therapy developer ViewRay has increased the borrowing capacity on its loan with healthcare investment firm CRG.
ViewRay's loan agreement with CRG has been amended to increase its total borrowing capacity by $15 million to $65 million total. The loan option is available through September 30, 2017, along with an additional option for $5 million available through June 30, according to the company.
ViewRay also said it received two new orders for MRIdian linac systems in the first quarter of 2017, totaling $12.3 million, a slight increase from last year, when it completed two orders totaling $11.2 million in the first quarter of 2016. The company also received three orders in the first quarter of 2017 totaling $5.8 million to upgrade three installed cobalt systems to linac systems.
