Vicarious Surgical (NYSE:RBOT) management offered an update on the development timeline of its surgical robot as part of its fourth-quarter earnings. Previous expectations earmarked mid-2024 for first-in-human trials and fiscal 2025 for de novo clearance submission. However, CEO Adam Sachs pushed V1.0’s timeline back in November 2023. The company outlined plans for a build and […]
Vicarious Surgical
Layoffs in medtech: These companies recently reduced their workforce
The workforce reduction trend has swept the economy recently, and unfortunately, the medtech space is not immune to layoffs. You’ve probably read about the ongoing layoffs sweeping the tech industry, media and more. For instance, Yahoo, Disney, Zoom and more all reported workforce reductions as companies across industries grapple with economic pressures. Think inflation, supply […]
Vicarious Surgical picks former Olympus exec as president
Vicarious Surgical (NYSE:RBOT) announced that it appointed Randy Clark as its new president, effective today, Jan. 29. The Waltham, Massachusetts-based surgical robot developer established the new role as it prepares for its next phase of growth. This role aims to fortify organizational alignment and focus on the company’s long-term needs and objectives. Clark reports to […]
Vicarious Surgical has more layoffs, pushes back regulatory timeline for surgical robot
Vicarious Surgical (NYSE:RBOT) pushed back expectations on the timeline for its surgical robot as it trimmed its headcount for the second time this year. Shares of RBOT were down nearly 30% to 28¢ apiece in early-morning trading today. MassDevice’s MedTech 100 Index — which includes stocks of the world’s largest medical device companies — rose […]
Vicarious Surgical faces NYSE delisting
Vicarious Surgical (NYSE:RBOT) announced that it received a notice regarding its compliance with the New York Stock Exchange (NYSE). The Waltham, Massachusetts-based surgical robot maker received the notice on Sept. 20. It alerted the company that it is not in compliance with Section 802.01C of the NYSE Listed Company Manual. Vicarious Surgical’s average closing price […]
Vicarious Surgical announces a new hospital system partnership
Vicarious Surgical (NYSE:RBOT) announced today that it signed a strategic development agreement with Intermountain Health. Intermountain, a leading nonprofit healthcare system, features 33 hospitals, 385 clinics and 4,300 employed physicians in the U.S. Its more than one million members range across locations in Utah (headquarters), Colorado, Idaho, Kansas, Montana and Nevada. Waltham, Massachusetts-based Vicarious said its […]
Vicarious Surgical looks to raise $45M from public offering
Vicarious Surgical (NYSE:RBOT) announced that it priced an underwritten public offering worth approximately $45 million in proceeds. Waltham, Massachusetts–based Vicarious’ offering includes 45 million shares of its Class A common stock priced at $1 per share. Additionally, the company granted underwriters a 30-day option to purchase up to an additional 6.75 million shares of common […]
Vicarious Surgical plans for in-human surgical robot trials next year, posts Q2 EPS miss
Vicarious Surgical (NYSE:RBOT) shares dipped this morning on second-quarter results despite a positive update on its surgical robot. Shares of RBOT fell 2.9% to $1.69 apiece in midday trading today. MassDevice’s MedTech 100 Index — which includes stocks of the world’s largest medical device companies — stayed even. The company failed to beat Wall Street […]
Vicarious Surgical promotes John Mazzola to COO
Vicarious Surgical (NYSE:RBOT) announced that it promoted John Mazzola to the role of chief operating officer (COO). Mazzola joined the Waltham, Massachusetts-based surgical robotics company in March 2022 as SVP of operations. He brings with him more than 35 years of experience in the medical device industry. That includes involvement in more than 25 medical […]
22 MedTech Innovator all-stars will pitch at DeviceTalks Boston
Nearly two dozen MedTech Innovator portfolio startups will pitch their technology to medtech industry innovators, executives and engineers at DeviceTalks Boston on May 10-11. The MedTech Innovator accelerator program picked the 22 all-stars from hundreds of applicants. The all-stars who will be featured over the two-day event at the Boston Convention and Exhibition Center are: […]
Vicarious Surgical cuts 14% of its workforce
Vicarious Surgical (NYSE:RBOT) announced layoffs to reduce cash burn and boost R&D spending at the surgical robotics company. CFO William Kelly told analysts yesterday evening that the present economic environment has Vicarious Surgical focusing on getting a quality robotic surgery system “out the door fast.” He said the company has reduced its workforce by 14%. […]