Intuitive Surgical executives say they see benefits to their business from GLP-1 weight loss drugs, even if investors aren’t quite so sure. Intuitive’s stock slid in after-hours trading today after the company posted Q3 results that exceeded analysts’ expectations on profits but fell short on sales. Even if they had beat The Street on both […]
Intuitive Surgical
Intuitive stock drops on mixed Q3 financial results
Intuitive Surgical stock declined after the surgical robotics developer missed on revenue for the third quarter but beat analysts’ expectations on profit. Shares of ISRG dropped 8% to $251 in after-hours trading today when Intuitive released the results. (Update: The stock was down about 3% Friday morning, trading around $264.) MassDevice’s MedTech 100 Index — […]
How surgical robotics could take healthcare to the next level
At DeviceTalks West this week, we’ll explore the design, economics and broader opportunities for surgical robotics. Companies large and small have sought to take on Intuitive in soft-tissue surgical robotics, but it has maintained its dominance. During its second-quarter earnings call in July, Johnson & Johnson reported progress with its Ottava next-gen robotic surgery system, […]
How Intuitive plans to continue its surgical robotics leadership
Companies large and small have sought to take on Intuitive in soft-tissue surgical robotics, but it has maintained its dominance. Intuitive President Dave Rosa will explain how Intuitive plans to continue maintaining distance from its competitors — and much more, during DeviceTalks West next week. Register here for the event, which is Oct. 18–19 in […]
The biggest medtech personnel moves so far in 2023
More than halfway through 2023, we’ve seen plenty of movement in the personnel department across medtech. Last July, we broke down the biggest personnel moves in medtech so far in 2022. That was followed up by the full-year report in December. Through more than eight months, the changes atop medtech companies continue to arrive. Some […]
Intuitive stock dips despite Street-beating Q2, increased da Vinci volumes
Intuitive Surgical shares took a hit even though its second-quarter results topped the consensus forecast. Shares of ISRG fell more than 3% to $337.17 apiece by the afternoon today — the day after Intuitive released results. MassDevice’s MedTech 100 Index — which includes stocks of the world’s largest medical device companies — was up slightly. […]
Titan Medical licenses out most of its IP to Intuitive, CEO steps down
Titan Medical recently announced it entered into a licensing agreement with Intuitive Surgical and that the company’s CEO is resigning. Under the agreement, robotic-assisted surgery company Titan Medical has granted Intuitive a non-exclusive license to all of Titan’s IP, with the exception of the IP that is exclusively licensed to another party under a June […]
Intuitive Surgical announces executive changes
Intuitive Surgical (Nasdaq:ISRG) today announced executive leadership changes as it continues a global expansion effort. The Sunnyvale, California-based leader in surgical robotics promoted Dave Rosa to the role of president. Rosa now leads Intuitive’s product, digital, quality, regulatory, supply chain, manufacturing and commercial teams. “Our efforts over the past 27 years have created great opportunities […]
FDA clears Intuitive da Vinci surgical robot for prostatectomy
Intuitive Surgical announced today that the FDA cleared its da Vinci SP surgical robot for simple prostatectomy. The clearance, which includes prostatectomy as a representative procedure, expands da Vinci SP’s (single-port) available urologic surgical procedures. Sunnyvale, California-based Intuitive’s surgical robot now offers the removal of an enlarged prostate blocking urine flow with this procedure. In […]
Intuitive stock pops on Street-beating Q1; da Vinci price increase coming
Intuitive Surgical posted first-quarter results that beat the consensus forecast on Wall Street. Investors reacted by sending ISRG up more than 12% to $303.58 apiece by midday trading today. The Sunnyvale, California–based surgical robotics developer yesterday evening reported profits of $355 million, or $1.oo per share, on sales of $1.7 billion for the three months […]
What’s on the horizon in surgical robotics?
While question marks remain over where medtech is going, the path for surgical robotics remains full of excitement. Medical technology has experienced a bit of a rocky period lately. Layoffs continue to hamper the space, and financial outlooks are a bit cloudy for some companies. However, there remains plenty to look forward to in the […]