Robotic surgery giant Intuitive Surgical (NSDQ:ISRG) said today it inked a joint venture deal with Shanghai Fosun Pharmaceutical (SHA:600196) to research, develop, manufacture and sell robotic-assisted catheter-based medical devices. Both companies will contribute $100 million to start the joint venture, which will initially focus on development of early diagnostics and cost-effective treatments for lung cancer, one […]
Surgical Robotics
Welcome to MassDevice's Surgical Robotics Hub, your resource for the latest news and insights on all things robotic surgery. Stay informed about the innovations and business news shaping the industry.
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Here are top surgical robotic features from MassDevice and its sister publications (and scroll down to read the latest cardiology device news from MassDevice):
+ Intuitive details da Vinci 5 launch plans with limited supply of next-gen surgical robotics systems
+ 10 surgical robotics companies you need to know
+ The secret behind Intuitive’s surgical robotics success
+ Surgical robotics trends and how to accelerate adoption
+ How surgical robotics safety systems prevent patient harm
+ These surgical robotics arms are destined for the trash — by design
Latest Surgical Robotics News
Titan Medical updates on funding, Sport robotic surgical system dev
Titan Medical (TSE:TMD) yesterday released an update on the progress of its Sport robotic surgical system, saying it has enough funds to support development of “key components” of the system, which has been on hold since mid-August. Earlier this month, the company said it raised nearly $7.9 million (C$10.25 million) via an overnight offering it plans to use to […]
Titan Medical closes $8m offering
Titan Medical (TSE:TMD) said today that it raised nearly $7.9 million (C$10.25 million) via an overnight offering it plans to use to restart the development program for its Sport robot-assisted surgery platform. The Toronto-based company said it sold almost 17.1 million units at 46.1¢ (C60¢) apiece. The proceeds are slated for the completion of an engineering verification unit, a pair […]
Titan Medical sets $8m to $12m range on overnight offering for Sport surgical bot
Titan Medical (TSE:TMD) said yesterday that it hopes to raise between $8 million and $12 million via an overnight offering it plans to use to restart the development program for its Sport robot-assisted surgery platform. Toronto-based Titan Medical said the offering, priced at 46.1¢ (C60¢) per unit, will involve between nearly 17.1 million and 26.8 million units. Each unit […]
Titan Medical prices overnight offering
Titan Medical (TSE:TMD) today priced an overnight offering at 46.1¢ (C60¢) per unit, saying it plans to use the proceeds to continue developing its Sport robot-assisted surgery platform. Each unit in the offering consists of a share of stock and a 5-year warrant to buy another share at 57.6¢ (C75¢). Toronto-based Titan did not say how many […]
TransEnterix reboots ALF-X robot-assisted surgery platform as Senhance
TransEnterix (NYSE:TRXC) said today it is rebranding its ALF-X robotic surgical system as the Senhance surgical robotic system. The company said it made the switch to the new name and logo, which features a thumb-print combined with circuity, as a representation of the connection between surgeon and technology that the robotic system provides. “We are pleased […]
Titan Medical again extends negotiations with Chinese distributor
Titan Medical (TSX:TMD) said this week that it’s again extending negotiations with a Chinese distributor, after a prior, 3-month add-on expired August 19. The Toronto-based robot-assisted surgery company is in talks with Longtai Medical over the exclusive rights to its Sport platform in the Asia-Pacific region. In May, Titan inked a 3-month extension on negotiations with distributor […]
Intuitive Surgical sues J&J’s Ethicon for ‘legal gymnastics’ over sales rep’s non-compete
Johnson & Johnson (NYSE:JNJ) subsidiary Ethicon is using “intricate legal gymnastics” to sidestep California’s restrictions on non-compete agreements, aiming to prevent its employees from hiring on with Intuitive Surgical (NSDQ:ISRG), the robot-assisted surgery company alleged last week in a lawsuit. The Golden State’s “labor mobility” statutes mean that non-compete agreements are void. Ethicon sought to get around […]
StemCells soars 600% on reverse merger with Israel’s Microbot Medical
Shares in StemCells (NSDQ:STEM) initially soared some 600% this week after the company initiated a reverse merger with Microbot Medical, after the failure of a Phase II trial of StemCells’ spinal cord injury treatment. The merger also saw the resignation of CEO Ian Massey, CFO Gregory Schiffman and a trio of board members, as the team led by […]
Intuitive Surgical touts robot-assisted hernia surgery study
Intuitive Surgical (NSDQ:ISRG) today released data from a study of its da Vinci robotic surgical system used during ventral hernia procedures, touting low rates of conversion, intra-operative complications and 30-day post-operative complications. Data from the study was recently published in the journal Surgical Endoscopy, Sunnyvale, Calif.-based Intuitive Surgical said. “The perioperative outcomes from the study provide […]
Outside developers suspend Sport medical ‘bot program until Titan Medical can pay its bills
The product developers Titan Medical (CVE:TMD) hired to help create its Sport robot-assisted surgery platform have suspended development until the company can cover its bills, and $16 million in financing from a Chinese private equity firm might not happen after all, Titan said yesterday. The Toronto-based company said its product developers “have decided to temporarily suspend development […]