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 […]
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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 […]
Employees say Intuitive Surgical, J&J, Stryker best places to work in 2020
Intuitive Surgical (NSDQ:ISRG), Johnson & Johnson (NYSE:JNJ) and Stryker (NYSE:SYK) were recently named as Glassdoor’s employees’s choice of Best Places to Work in 2020. Each year, Glassdoor uses feedback that employees have shared on the website over the past year to compile a list of the best places to work in 2020. Employee reviews provide Glassdoor with insights […]
Intuitive Surgical gains on Q3 beats
Intuitive Surgical (NSDQ:ISRG) shares gained in pre-market trading today after the robot-assisted surgery pioneer posted third-quarter results that beat expectations for both sales and earnings. Sunnyvale, Calif.-based Intuitive reported profits of $396.8 million, or $3.33 per share, on sales of $1.23 billion for the three months ended Sept. 30, marking a 35.7% bottom-line gain on sales […]
Intuitive Surgical announces new U.K. HQ
Intuitive Surgical (NSDQ:ISRG) announced this week that it opened a U.K. and Republic of Ireland headquarters and training suite at Oxford Science Park’s Schrödinger Building in Oxford, U.K. The Sunnyvale, Calif.-based company produces the da Vinci SP robot-assisted surgery platform, which is cleared by the FDA for urological procedures, procedures requiring very narrow access from a […]
Are Intuitive Surgical robots the best IDEA in medtech?
Intuitive Surgical (NSDQ:ISRG) robots won two of the three gold awards in the medical and health category at this year’s IDSA International Design Excellence Awards (IDEA). The strong showing of robotic systems at the Industrial Designers Society of America’s IDEA ceremony, held last night in Chicago, are but another sign that robot-assisted surgery is a hot area […]
Medtronic readies device to rival Intuitive Surgical’s da Vinci SP
Medtronic (NYSE:MDT) is reportedly developing a soft tissue surgical device to rival the da Vinci SP robot-assisted surgery platform made by Intuitive Surgical (NSDQ:ISRG). Bernstein analyst Lee Hambright, writing today in a note to investors, said Fridley, Minn.-based Medtronic is slated to reveal the device during its Sept. 24 analyst day, according to Seeking Alpha. The […]
Intuitive Surgical beats The Street on Q2 earnings
Intuitive Surgical (NSDQ:ISRG) today reported better-than-expected earnings and revenue for its second quarter amid 24% year-over-year growth in shipments of da Vinci surgical systems. The dominant robot-assisted surgery company reported profits of $318.3 million, or $2.67 per share, on sales of $1.10 billion for the three months ended June 30, 2019, for a bottom-line gain of […]
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