A U.S. appeals court revived a lawsuit alleging that flawed electrical scissors from Intuitive Surgical were used during a hysterectomy. The appeals court panel ruled that a lower court applied the wrong legal standard in dismissing Tamanchia Moore’s lawsuit against Intuitive. Specifically, the district court erred by excluding Moore’s causation expert, according to the ruling […]
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Intuitive Surgical up on Street-beating Q1
Intuitive Surgical (NYSE:ISRG) stock rose nearly 10% today, a day after the company reported first-quarter results that handily beat Wall Street expectations. Baird upgraded Intuitive’s stock rating to outperform after the news yesterday evening, according to media reports. The Sunnyvale, Calif.–based robotic surgery company reported profits of $435.2 million, or $3.51 per share, on sales […]
Intuitive Surgical stock down despite Street-beating Q4
Intuitive Surgical (NSDQ:ISRG) shares took a solid hit today despite fourth-quarter results that topped the consensus forecast. Shares of ISRG were down -5.9% at $751.89 per share in mid-afternoon trading today. They had been down -1.1% at $790 per share after hours when the results were released yesterday. The Sunnyvale, Calif.-based robot-assisted surgery technology developer posted […]
Intuitive Surgical launches $100M venture capital fund
Intuitive Surgical (NSDQ:ISRG) announced today that it launched an inaugural $100 million investment fund called Intuitive Ventures. Sunnyvale, Calif.-based Intuitive’s new venture fund is focused on investment opportunities surrounding digital tools, precision diagnostics, focal therapeutics and platform technologies that align with its “commitment to advancing positive outcomes in healthcare,” according to a news release. The investment […]
Intuitive Surgical up on mixed bag Q3
Intuitive Surgical (NSDQ:ISRG) shares ticked slightly up today on third-quarter results that were mixed compared to the consensus forecast. The Sunnyvale, Calif.-based company posted profits of $313.9 million, or $2.60 per share, on sales of $630.6 million for the three months ended Sept. 30, 2020, for a massive bottom-line gain from $68 million in profits this […]
Intuitive Surgical sales down more than a fifth in Q2
Intuitive Surgical (NSDQ:ISRG) posted second-quarter results today that beat Wall Street expectations — but the results still showed how much the COVID-19 pandemic has damaged sales for surgical robotics companies. The Sunnyvale, Calif.-based robot-assisted surgery company — the dominant player in the space — reported profits of $68 million, or $0.57 per diluted share, on sales […]
Intuitive Surgical beats The Street on Q1 results, but faces uncertainty for rest of 2020
Intuitive Surgical (NSDQ:ISRG) posted first-quarter results this evening that beat the consensus forecast on Wall Street — but the company cannot reliably estimate the negative effects of the COVID-19 pandemic. The Sunnyvale, Calif.–based robot-assisted surgery giant reported profits of $314 million, or $2.62 per share, on sales of $1.1 billion for the three months ended March […]
J&J’s Ethicon mostly fends off Intuitive Surgical’s robotic surgery patent challenge
Johnson & Johnson (NYSE:JNJ) subsidiary Ethicon has kept most of a surgical robotics tool patent intact after a Patent Trial and Appeal Board decision on a challenge from rival Intuitive Surgical (NSDQ:ISRG). The board’s decision, dated Feb. 18, involved an Ethicon patent for a “Shiftable Drive Interface for Robotically-Controlled Surgical Tool,” issued in 2013. Out of […]
Intuitive Surgical acquires Orpheus Medical to expand informatics offerings
Intuitive Surgical (NSDQ:ISRG) announced that it completed the acquisition of privately-held Orpheus Medical for an undisclosed amount to grow its integrated informatics platform. New York-based Orpheus Medical offers information technology connectivity and expertise in processing and archiving surgical video to hospitals around the world. The company develops and distributes a clinical video management and analytics platform […]
Intuitive Surgical shares drop despite Street-beating fourth quarter results
This article has been updated to reflect changes in share price. Intuitive Surgical (NSDQ:ISRG) shares dropped about 4% this morning despite the robot-assisted surgery pioneer’s reported fourth-quarter results that beat expectations for sales and earnings. Sunnyvale, Calif.-based Intuitive reported profits of $358 million or $2.99 per share, on sales of $1.28 billion for the three […]
Appeals board agrees to examine Intuitive Surgical patent
The U.S. Patent Trial and Appeal Board has agreed to review the validity of an Intuitive Surgical (NSDQ:ISRG) patent that’s being challenged by Johnson & Johnson’s (NYSE:JNJ) Auris Health. Auris filed a petition with the PTAB in June, arguing that the patent on Intuitive’s surgical navigation guidance system covers well-known ideas, according to a report by […]
