Medtronic (NYSE:MDT) broke ground today on a new 400,000 ft2 innovation campus in Lafayette, Colo. The plan is for roughly 1,100 R&D and administrative employees at the medtech giant’s Boulder and Louisville facilities to move in by the end of next year. Manufacturing will stay in Boulder and Louisville. Medtronic businesses with operations in Colorado […]
Surgical
Interventional Systems wins FDA clearance for miniature surgical robot
Interventional Systems announced today that it received FDA 510(k) clearance for its Micromate robot for percutaneous procedures. Kitzbühel, Austria–based Interventional Systems developed Micromate as a table-mounted medical robot for interventional procedures, touting it as the world’s smallest robot for those of the percutaneous kind, according to a news release. Micromate uses a universal instrument guidance […]
7 companies using robot-assisted surgery to transform orthopedics
It seems as if every orthopedic device company is getting involved in robot-assisted surgery — rolling out robots to assist surgeons operating on the knee, hip, shoulder or spine. Two events in recent years especially signaled that robots were coming into their own in the space: Stryker spent $1.7 billion for Mako Surgical in order […]
Swiss hospital to begin program with Asensus’ Senhance robotic surgical system
Asensus Surgical (NYSE:ASXC) announced today that a Swiss hospital initiated a program with the Senhance robotic surgical system. Inselspital, University Hospital Bern, Switzerland initiated its Senhance surgical system program, marking the second of two new agreements with two European hospitals in 2021, according to a news release. The university’s department of visceral surgery is implementing […]
How contract manufacturer Minnetronix decided to make its own medical device
Medtech contract manufacturers such as Minnetronix often avoid making their own devices. But CEO Jeremy Maniak had a different idea. Minnetronix Medical (St. Paul, Minn.) is closing on its quarter-century mark, and Jeremy Maniak has been with the company more than half of that time. Promoted into the corner office in early 2020, he has […]
Vicarious Surgical opens new corporate HQ in Massachusetts
Vicarious Surgical announced today that it established a new corporate headquarters in Waltham, Mass. The company, which seeks to bring robotics and virtual reality to minimally invasive surgery, said in a news release that the new headquarters will expand its core business functions and house approximately 250 employees. With what the company describes as a […]
Medtronic announces first clinical procedure with its Hugo robot
Medtronic (NYSE:MDT) announced today that it completed the first patient procedure with the Hugo robotic-assisted surgery system. Fridley, Minn.–based Medtronic said in a news release that urological surgeon Dr. Ruben Olivares performed the robotic prostatectomy on June 19 at Clínica Santa Maria in Santiago, Chile. The procedure marks the beginning of the Hugo RAS system […]
Ethicon launches curved jaw tissue sealer
Ethicon — part of Johnson & Johnson (NYSE:JNJ) — announced today that it launched the Enseal X1 curved jaw tissue sealer. Ethicon developed the Enseal as a new advanced bipolar energy device designed to increase procedural efficiency and provide stronger sealing and better access to more tissue than Medtronic’s LigaSure Maryland, according to a news […]
Ortho surgical software firm Enhatch raises $9M
AI-enabled surgical software company Enhatch announced today that it raised $9 million in a recent funding round. Led by software growth equity firms Trousdale Capital and Apis Holdings, the latest round brings Enhatch’s total fundraising to $15 million. It has also enabled the Hoboken, N.J.–based company to double its staff to 40. One-third of employees […]
Titan Medical collects $10M milestone payment from Medtronic
Titan Medical (TSX:TMD;OTC:TITFX) announced today that it received another $10 million for licensing developed technologies to Medtronic (NYSE:MDT). Toronto-based Titan Medical completed the second technical milestone under the development and license agreement it made with Medtronic in June 2020. The company achieved the first milestone in the agreement in October 2020 by raising $18 million […]
Medtronic beats The Street in Q4, Hugo robot wins IDE
Medtronic (NYSE:MDT) had much to tout with its pipeline as it released Street-beating fourth-quarter results. CEO Geoff Martha announced to analysts that FDA has granted the company’s much-anticipated Hugo robot an investigational device exemption approval. Medtronic is preparing to commence its Expand Uro trial in the U.S. to study Hugo in urologic procedures, Martha said […]