Colfax Corp.’s DJO has made a strategic investment in Insight Medical Systems and its Augmented Reality Visualization and Information System (ARVIS) for orthopedic surgeries. DJO did not disclose the size of its investment in its news release. But Insight Medical Systems recently reported to the SEC on March 19 that it raised nearly $8 million […]
Surgical
SeaSpine to buy 7D Surgical for $110M
Spine surgery tech company SeaSpine Holdings (NASDAQ: SPNE) has agreed to acquire privately-held 7D Surgical for $110 million. The planned merger, announced March 22, comes more than a year after SeaSpine entered into a strategic alliance agreement to distribute Toronto-based 7D Surgical’s flagship navigational system. 7D Surgical has developed and commercialized advanced machine-vision-based registration algorithms to […]
GE Healthcare 2D/3D imaging system wins FDA nod
GE Healthcare has announced FDA 510(k) clearance for a new surgical imaging system capable of 3D and 2D imaging. OEC 3D offers interoperative 3D imaging with precise volumetric images for spine and orthopedic procedures, according to GE Healthcare. It combines the benefits and familiarity of 2D imaging with OEC C-arms, delivering a familiar user experience with […]
Medtronic: 3 things investors might be overlooking
Following recent virtual investor meetings with Medtronic executives, analysts have identified a handful of important things investors should know. Truist analysts cited the medtech giant’s recent steps to change the company’s direction as it develops its pipeline, which includes the much-anticipated Hugo robotic surgery system. The analysts stand firm on their opinion that investors should […]
Asensus Surgical rises on Street-beating Q4
Asensus Surgical (NYSE:ASXC) shares ticked up before hours today on fourth-quarter results that topped the consensus forecast. The Research Triangle Park-based robotic surgery company, which recently changed its name from TransEnterix, posted losses of –$13.8 million, or –13¢ per share, on sales of $1.1 million for the three months ended Dec. 31, 2020, for a nearly […]
10 Minnesota medtech startups you need to know
Medical device startups can use all the help they can get, including from government-sponsored investment funds. In Minnesota, one of the nation’s top three medtech hubs, the state Department of Employment and Economic Development (DEED) has distributed $1.6 million per year since 2019 in innovation grants to tech startups — many of them in the […]
ForSight Robotics raises $10M for ophthalmic robotic surgery platform
Forsight Robotics, a developer of a robotic surgical platform for ophthalmic procedures, has reportedly raised $10 million. According to a report from TechCrunch, the seed round of financing was led by Eclipse Ventures and Mithril Capital and is earmarked to be used for expanding the company’s headcount and global reach as it sets its sights […]
DTW Podcast: Can AI, advanced imaging and robotics ‘democratize’ surgery?
A new generation of digital surgery systems will level surgeons’ playing field — giving them artificial intelligence, robotic tools, and other assistive technologies. In three interviews in this week’s DeviceTalks Weekly Podcast, leaders from Asensus, ActivSurgical and Memic explain how their systems will improve surgeon performance, reduce errors, and deliver the “democratization” of surgical robotics. […]
Asensus Surgical finalizes name change from TransEnterix, debuts NYSE ticker
Asensus Surgical (NYSE:ASXC) announced today that it formally completed its name and stock ticker change from TransEnterix (NYSE:TRXC). Research Park Triangle, N.C.-based Asensus announced last month that the company would change its name from TransEnterix to Asensus Surgical and introduce a new surgery category. The company aims to enter a new era of performance-guided surgery […]
Origami Surgical gains FDA clearance for robotic suturing devices
Origami Surgical today announced that the FDA has granted 510(k) clearance for three new types of sutures for its StitchKit robotic surgery platform. The company describes StitchKit as a patented suture delivery and retrieval system designed so sutures are efficiently inserted and needles are safely removed from the surgical field. StitchKit also allows the robotic […]
Asensus Surgical wins FDA nod for general surgery with Senhance robotic surgery system
Asensus Surgical (NYSE:TRXC), formerly TransEnterix, announced that it won expanded FDA clearance for its Senhance surgical system. Research Triangle Park, N.C.–based Asensus Surgical’s Senhance surgical system, which it touts as the first-of-its-kind digital laparoscopic platform that leverages augmented intelligence to provide strong performance and positive patient outcomes through machine learning, now has FDA clearance for […]