# ViewRay partners with Medtronic and Elekta on radiation therapy

ViewRay announced plans to collaborate with Medtronic and Elekta on clinical studies of its MRIdian MR-guided radiation therapy system. Elekta committed to investing up to $36 million for a 9.9% stake, and Medtronic will take an undisclosed stake.

- Type: Partnership
- Announced: 2019-12-03
- Where: United States
- Value: $36.0M
- Status: announced
- Products: MR-guided radiation therapy system
- Sectors: [Medical Devices](https://endata.com/sectors/medical-devices.md)

## Companies

- [ViewRay](https://endata.com/companies/42072.md)
- [Elekta](https://endata.com/companies/19044.md) (partner)
- [Medtronic plc](https://endata.com/companies/19071.md) (partner)

## Sources

- [medtechdive.com](https://www.medtechdive.com/news/medtronic-and-elekta-form-radiation-therapy-pacts-with-viewray/568318/), 2019-12-03: "Radiation therapy player ViewRay plans to collaborate with Medtronic and Swedish medtech Elekta, the company said Monday."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.