Mazor Robotics (NSDQ:MZOR) CEO Ori Hadomi is under investigation by the Israel Securities Authority over accusations of insider trading, according to a report from the Calcalist. The investigation dates back to a probe launched in May by Israel’s version of the US Securities & Exchange Commission, though the subject matter of the investigation was not […]
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Mazor Robotics crushes expectations with Q3 results
Mazor Robotics (NSDQ:MZOR) today reported third-quarter results that blew past the consensus forecast on Wall Street, more than doubling sales and paring its losses by more than 30%. The Caesarea, Israel-based robot-assisted surgery company posted losses of -$3.7 million, or -7¢ per share, on sales of $17.2 million for the three months ended Sept. 30, cutting […]
Mazor Robotics touts study showing lower complication, revision rates
Robotic-guided spinal surgeries reduce both complications and the number of revision surgeries needed, according to a new report released today by Mazor Robotics (NSDQ:MZOR). The study shows that spinal surgeries performed using the company’s guidance system had a five-fold reduction in surgical complications. Such technology also contributed to a seven-fold reduction in revision surgeries versus freehand-based […]
MRI Interventions taps ex-Philips exec Burnett as prez, CEO | Personnel Moves – Oct 19, 2017
MRI Interventions (OTC:MRIC) said early this month it tapped former Royal Philips (NYSE:PHG) neuro diagnostics & therapy biz GM Joseph Burnett as its new prez & CEO, effective November 7. Burnett will replace Frank Grillo who will stay in his role until November 6 and will continue to serve as an executive advisor afterwards, the Irvine, Calif.-based […]
Mazor Robotics ticks up on Q3 prelims
Mazor Robotics (NSDQ:MZOR) shares ticked up today after the Israeli robot-assisted surgery company reported its preliminary sales numbers for the third quarter. Caesarea, Israel-based Mazor, which last month closed a third, $40 million tranche as part of its deal with Medtronic(NYSE:MDT), said it expects to post sales of $17.2 million for the 3 months ended Sept. 30. Get the […]
Mazor Robotics wins CE Mark for Mazor X surgery platform
Mazor Robotics (NSDQ:MZOR) said today that it won CE Mark approval in the European Union for its Mazor X robot-assisted surgery platform, setting the stage for strategic backer Medtronic (NYSE:MDT) to put the device on the European market. “Receipt of the CE Mark is an important step in our plan to expand the patient, surgeon and hospital benefits […]
Medtronic, Mazor Robotics close $40m round
Mazor Robotics (NSDQ:MZOR) said today that closed the third, $40 million tranche of a deal with Medtronic (NYSE:MDT), which is due to take on exclusive global distribution rights for the Mazor X robot-assisted surgery device. It’s the third investment in the Israeli surgical robotics concern for Fridley, Minn.-based Medtronic, taking its total investment to $72 million, 10.6% stake in Mazor. The […]
Medtronic puts another $40m into Mazor Robotics
Mazor Robotics (NSDQ:MZOR) said today that it’s accelerating a deal with Medtronic (NYSE:MDT), which is due to put another $40 million into Mazor and take on exclusive global distribution rights for the Mazor X robot-assisted surgery device. It’s the third investment in the Israeli surgical robotics concern for Fridley, Minn.-based Medtronic, taking its total investment to $72 million and […]
Mazor Robotics shares dip despite Q2 beat
Shares in Mazor Robotics (NSDQ:MZOR) fell today despite the robotic surgical platform developer posting 2nd quarter earnings that handily topped expectations on Wall Street. The Caesarea, Israel-based company posted losses of $3.7 million, or 8¢ per share, on sales of $15.5 million for the 3 months ended June 30, seeing losses shrink 9.6% while sales grew […]
Mazor Robotics gets a boost from Q2 prelims
Shares in Mazor Robotics (NSDQ:MZOR) got a boost today as investors reacted to its forecast for record second-quarter sales. Caesarea, Israel-based Mazor said it expects to post revenues of roughly $15.4 million for the 3 months ended June 30, which would be a 85.5% increase over the same period last year and 24.6% above the consensus […]
Acelity taps Jokinen as CFO, exec VP | Personnel Moves June 20, 2017
Acelity said last week it tapped Tracy Jokinen as its chief financial officer and executive vice president, taking over for interim CFO Todd Wyatt. Jokinen was formerly a CFO of uniform and facility services provider G&K services, which was acquired by Cintas earlier this year. Prior to working at G&K, Jokinen spent more than 20 years at […]