CLEVELAND, July 24, 2018 /PRNewswire/ -- ViewRay, Inc. (Nasdaq: VRAY), maker of the market-leading MRI-guided radiation therapy system, announced today the appointment of medical device industry veterans Scott Drake as its President and Chief Executive Officer and Shar Matin as its Chief Operating Officer, effective immediately. In connection with his appointment, Mr. Drake has also been appointed to the ViewRay Board of Directors. In addition, ViewRay announced the appointment of D. Keith Grossman to the ViewRay Board of Directors.
ViewRay announced preliminary unaudited revenue of approximately $16 million for the second quarter ended June 30, 2018, primarily from three revenue units, and reaffirmed full year 2018 revenue guidance of $80 million to $90 million.
"We are delighted to welcome Scott as our new President and Chief Executive Officer and Shar as our new Chief Operating Officer," said Daniel Moore, Chairman of the Board of Directors of ViewRay. "We believe that Scott and Shar's deep operational experience with fast-growing medical companies will be invaluable as we bring ViewRay's revolutionary technology to the fight against cancer for patients around the world."
Ad Statistics
Times Displayed: 112448
Times Visited: 6718 MIT labs, experts in Multi-Vendor component level repair of: MRI Coils, RF amplifiers, Gradient Amplifiers Contrast Media Injectors. System repairs, sub-assembly repairs, component level repairs, refurbish/calibrate. info@mitlabsusa.com/+1 (305) 470-8013
Mr. Drake stated "I am excited to join the ViewRay team as we drive growth and innovation to benefit customers and cancer patients globally. ViewRay's MRIdian technology, team and early clinical outcomes position us well to create shareholder value."
"We are also delighted to welcome Keith Grossman as a new member of our Board," Mr. Moore continued. "With more than 30 years of leadership in the medical technology industry, we look forward to Mr. Grossman's counsel and perspective."
The Company also announced the departures of current President and Chief Executive Officer Chris A. Raanes and Chief Operating Officer Doug Keare. "It has been a great five years at ViewRay," said Raanes. "I am very excited about Scott and Shar taking the Company to its next growth phase, and will ensure a smooth transition." Mr. Moore added: "I would like to thank Chris, who led ViewRay through the development and commercialization of the MRIdian technology. I would also like to acknowledge the extensive contributions and dedication that Doug displayed during his tenure at ViewRay."
Mr. Drake formerly served as the President and Chief Executive Officer of the Spectranetics Corporation ("Spectranetics"), a leading developer and manufacturer of minimally-invasive cardiovascular devices, and grew the business from an enterprise value of approximately $200 million in 2011 until its $2.2 billion acquisition by Royal Philips in 2017. Mr. Drake currently serves as the Chairman of the Board of Directors for AtriCure, Inc. (Nasdaq: ATRC), a leading innovator in treatments for atrial fibrillation and left atrial appendage management, and as the Chairman of the Board of Directors for JustRight Surgical, LLC, a medical device company dedicated to serving pediatric patients. Before joining Spectranetics, Mr. Drake served as Senior Vice President for DaVita Corporation, a leading provider of kidney care. He also previously worked at Covidien (now part of Medtronic) from 1992 until 2009. Mr. Drake graduated from the Miami University of Ohio with a Bachelor of Science in Business.
