Corindus Vascular Robotics (OTC:CVRS) said today that it submitted an application seeking FDA premarket clearance to use its CorPath GRX robotic surgical platform in neurovascular interventions. The Waltham, Mass.-based company has already received FDA clearance for percutaneous coronary interventions, which it won in 2016, and for peripheral vascular interventions, which it won last year. “The ability to […]
Titan Medical hopeful for Q4 FDA IDE trial launch for Sport robotic platform
Robotic surgical platform developer Titan Medical (NSDQ:TMDI) said late yesterday that it is hoping to launch an FDA investigational device exemption trial of its Sport robotic surgery platform by the fourth quarter of this year. The news came as part of the Toronto-based company’s 2018 earnings report, with the robotic surgical company saying that it is hopeful […]
ReWalk Robotics touts first U.S. insurer reimbursement win for exoskeleton devices
ReWalk Robotics (NSDQ:RWLK) said today that health insurer Cigna will now review submissions for the use of exoskeleton devices for individuals with spinal cord injuries after a change to its coverage policies. The Yokneam, Israel-based company touted the shift as the first of its kind by a major private insurer in the U.S. The policy change […]
J&J to enter the robotic surgery market with $3.4B Auris Health buy
Johnson & Johnson (NYSE:JNJ) is stepping into the field of robotic surgery after saying today that its Ethicon subsidiary inked a $3.4 billion deal to pick up surgical robotics pioneer Dr. Fred Moll’s newest robotic surgical play, Auris Health, and its FDA-cleared Monarch platform. The New Brunswick, N.J.-based medtech giant said that the deal will include an […]
Intuitive Surgical expands share buyback program to $2B
Intuitive Surgical (NSDQ:ISRG) said yesterday that it is expanding its share repurchasing program to $2 billion. The Sunnyvale, Calif.-based company said that the increase is an aggregate and includes amounts remaining under previous authorizations, according to an SEC filing Intuitive surgical said that it expects to fund the repurchase program through cash and investments, and that […]
Vicarious Surgical raises $10m more
Vicarious Surgical has raised another $10 million for the virtual reality-augmented robot-assisted surgery platform it’s developing, according to an SEC filing. The latest round of funding follows on the heels of a nearly $17 million round announced in April 2018. Charlestown, Mass.-based Vicarious first reported a $2.4 million raise in January 2016 and another $800,000 in October of that […]
Medtronic touts U.S. launch of Mazor X Stealth spinal robot-assisted surgery device
Medtronic (NYSE:MDT) said today that it launched its Mazor X Stealth robotic-assisted spinal surgical platform in the U.S., touting its recent use in its first commercial procedures. The first uses of the system took place at Louisville, Ky.’s Norton Healthcare and Reston, Va.’s Reston Hospital Center, the Fridley, Minn.-based medtech giant said. “The marriage of robotics […]
Zimmer Biomet wins FDA nod for Rosa Knee robotic surgical system
Zimmer Biomet (NYSE:ZBH) said today that it won FDA 510(k) clearance for its Rosa Knee robotically-assisted total knee replacement surgery platform. The newly cleared Rosa Knee system includes 3D pre-operative planning tools and real-time intraoperative data on soft tissue and bone anatomy to improve bone cut accuracy and range of motion gap analysis, the Warsaw, Ind.-based […]
Intuitive Surgical shares dip on mixed-bag Q4, FY2018 earnings release
Shares in Intuitive Surgical (NSDQ:ISRG) have fallen slightly in after-hours trading after the robotic surgical maker released fourth quarter and fiscal year 2018 earnings that beat sales expectations but fell just short of earnings per share consensus on Wall Street. The Sunnyvale, Calif.-based company posted profits of $292.5 million, or $2.45 per share, on sales of […]
J&J may nab surgical robotics company Auris Health
Johnson & Johnson (NYSE:JNJ) intends to acquire surgical robotics company Auris Health, according to a report by Bloomberg News. In May 2018, Auris inked an agreement with J&J’s division Ethicon’s NeuWave Medical subsidiary to develop systems for the robotically-assisted bronchoscopic ablation of lung lesions. J&J has been working with Alphabet‘s (NSDQ:GOOGL) Verily Life Sciences on Verb Surgical’s prototype robot-assisted surgery […]
Monteris Medical raises nearly $11M
Monteris Medical (Plymouth, Minn.) has brought in nearly $11 million from its latest investment round as it expands sales and marketing of its NeuroBlate robot-assisted brain surgery device, according to a new Form D filed with the U.S. Securities and Exchange Commission. Monteris had sought roughly $17 million in total from the money-raise. The company has overcome challenges […]
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