Myomo (NYSE:MYO) announced today that it launched its MyoCare program for providing support to first-year users of its MyoPro powered brace. MyoCare offers expanded support to current and future clients who receive their MyoPro directly from the Cambridge, Mass.-based company, at no additional cost. Anyone who obtained the MyoPro from an authorized orthotics & prosthetics clinic […]
ReWalk Robotics raises $9m
ReWalk Robotics (NSDQ:RWLK) announced last week that it entered into definitive agreements to issue its ordinary shares for proceeds totaling about $9 million. The Yokneam Illit, Israel–based robotic walking assistance company issued more than 4.9 million ordinary shares at a purchase price of $1.8225 per share, while also issuing unregistered warrants to purchase up to nearly […]
TransEnterix closes $15m offering
TransEnterix (NYSE:TRXC) announced that it closed its previously announced public offering with gross proceeds totaling approximately $15 million. Research Triangle Park, N.C.-based TransEnterix last week priced the offering of nearly 37.3 million shares of common stock at a public offering price of 35¢ per share, anticipating $13 million in proceeds, before deducting underwriter discounts and commissions […]
TransEnterix prices $13m offering
TransEnterix (NYSE:TRXC) announced today that it priced its previously announced common stock offering at approximately $13 million. Research Triangle Park, N.C.-based TransEnterix is offering nearly 37.3 million shares of common stock at a public offering price of 35¢ per share to total the $13 million in proceeds, before deducting underwriter discounts and commissions and expenses payable […]
Accuray launches CyberKnife S7 system
Accuray (NSDQ:ARAY) announced today that it launched its CyberKnife S7 system for stereotactic radiosurgery (SRS) and stereotactic body radiation therapy (SBRT). Using real-time artificial intelligence-driven motion tracking and synchronization, CyberKnife S7 offers treatments for SRS and SBRT in as little as 15 minutes, according to a news release. The system’s AI adapts radiation delivery to patient […]
Titan Medical announces $18m offering, settles Naglreiter suit
Titan Medical (TSX:TMD;OTC:TITFX) announced that it registered an $18 million direct offering and settled its lawsuit with Naglreiter Consulting. The Toronto-based robot-assisted surgery technology developer entered into definitive agreements with a single healthcare-focused institutional investor for the sale of 18 million shares of its common stock at $1 per share and 9 million common share purchase […]
HistoSonics announces $40m Series C
Non-invasive robotics platform and sonic beam therapy developer HistoSonics announced today that it closed a Series C-1 financing worth $40 million. Yonjin Venture led the oversubscribed funding round, while Varian Medical Systems, Johnson & Johnson Innovation, Venture Investors, Lumira Ventures, State of Wisconsin Investment Board and more participated as well, according to a news release. […]
Medtronic turns to Titan Medical as it makes robot-assisted surgery play
Titan Medical (TSX:TMD;OTC:TITFX) announced today that it entered into an agreement with Medtronic (NYSE:MDT) to progress the development of robot-assisted surgical technologies. The development and license agreement to develop those technologies is accompanied by a separate license agreement with Medtronic in respect of certain intellectual property of Titan Medical, according to a news release. Under the agreement, […]
FDA issues Class 2 recall of da Vinci SP surgical system
The FDA confirmed that its recall of the da Vinci SP robotic surgical system from Intuitive Surgical (NSDQ:ISRG) is a Class 2 recall. Sunnyvale, Calif.-based Intuitive Surgical initiated its recall of 17 versions of device on April 1, 2019. According to the FDA database, the company became aware that the da Vinci SP system may trigger […]
ReWalk Robotics posts COVID-19-affected Q1 losses
ReWalk Robotics (NSDQ:RWLK) shares ticked up slightly today despite first-quarter results that came up short of the consensus forecast. The Yokneam Illit, Israel–based robotic walking assistance company posted losses of $3.8 million, or -37¢ per share, on sales of $760,000 for the three months ended March 31, 2020, for a 4% bottom-line gain on a sales […]
Titan Medical faces Nasdaq delisting
Titan Medical (TSX:TMD) announced today that the Nasdaq stock market has sent it a Staff Delisting Determination letter. The robotic surgery system developer plans to appeal the determination by requesting a hearing by June 4. Nasdaq, according to Titan Medical, claimed that the company had failed to comply with a rule that listed companies must have […]
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