It’s so far, so good for Vicarious Surgical (NYSE:RBOT) during its first week of trading as a public company. The robotic surgery company’s shares were up more than 19% to $15.05 by midday today. During the company’s first day of trading yesterday, shares rose 2% to $12.60 apiece, even as the Dow Jones Industrial Average […]
Surgical
Medtronic’s Hugo team ‘waiting for the phone call’ for approval in Europe
It sounds like European approval of Medtronic’s soft tissue robotically-assisted surgery system, Hugo, could come any day now. “We’re sitting at the tip of our chair waiting for the phone call that the product will be approved,” Medtronic EVP and EMEA President Rob ten Hoedt said Friday. Fridley, Minnesota-based Medtronic (NYSE:MDT) filed for European approval in […]
Caresyntax brings Series C funding to $130M
Digital surgery platform developer Caresyntax announced today that it added a $30 million extension to its Series C funding round. Boston-based Caresyntax’s $30 million extension brings its total Series C funding to $130 million, adding to the first stage announced in April 2021, according to a news release. PFM Health Sciences led the extension, with […]
NuVasive creates new C-level positions
NuVasive (NSDQ:NUVA) announced that it added chief commercial officer and chief technology officer as new executive leadership roles. Effective immediately, Massimo Calafiore will assume the position of chief commercial officer, while Ryan Donahoe was appointed as chief technology officer, with both reporting directly to CEO J. Christopher Barry. In connection with the new leadership structure, […]
FDA clears expanded machine vision capabilities for Asensus Surgical’s robotic surgery system
Asensus Surgical (NYSE American: ASXC) announced today that FDA has cleared next-gen augmented intelligence capabilities on its Senhance system’s Intelligent Surgical Unit. The ISU already enabled machine vision-driven camera control; the system responded to the surgeon’s commands and even recognized certain objects and locations in the surgical field. The new ISU features expand the capabilities […]
Smith+Nephew to expand into hip surgery with Cori surgical system
Smith+Nephew (LSE:SN, NYSE:SNN) is seeking FDA clearance for its RI.Hip Navigation software that would enable the use of its Cori surgical system for total hip arthroplasty. The London-based medtech company touted the software today at the American Academy of Orthopaedic Surgeons (AAOS) 2021 annual meeting in San Diego. The handheld Cori system is already FDA-cleared […]
Boston Scientific completes $1.1B Lumenis acquisition
Boston Scientific (NYSE:BSX) announced today that it completed the nearly $1.1 billion acquisition of the global surgical business of Lumenis. Marlborough, Massachusetts–based Boston Scientific announced in March that it entered into a definitive agreement with an affiliate of Baring Private Equity Asia (BPEA) to acquire Lumenis’ surgical business, which develops and commercializes energy-based medical solutions. […]
Medtronic CEO Geoff Martha touts progress on renal denervation and Hugo robotics
Medtronic (NYSE: MDT) is boosting its research and development spending in fiscal year 2022 by more than 10%, which CEO Geoff Martha described as the largest dollar increase ever for the Fridley, Minn.-based medtech giant. “The investments we’re making in our pipeline will play a key role in accelerating our top-line growth, and we’re at […]
Intuitive responds to FDA alert on robot-assisted mastectomies
The FDA is warning patients and health care providers that some clinical studies using robotically-assisted surgical devices for mastectomies may not have the proper regulatory supervision. The FDA said it is “aware of allegations that clinical studies are being conducted using RAS devices to perform mastectomies for the prevention or treatment of cancer without the […]
Encision signs supply agreement with J&J’s Auris Health
Encision today announced that it has entered a supply agreement with Johnson & Johnson (NYSE:JNJ) robotic surgery subsidiary Auris Health . Through the agreement, Auris Health will buy certain Active Electrode Monitoring technology from Encision. Boulder, Colo.–based Encision will receive an upfront payment and a milestone payment upon certain milestones. The company will also receive revenues from […]
Memic Innovative Surgery to go public via SPAC merger
Memic Innovative Surgery announced that it entered into a merger agreement with special purpose acquisition company MedTech Acquisition Corp. Tel Aviv, Israel-based Memic will operate under its current name upon the closing of the transaction, with Dr. Maurice R. Ferré — an independent director of MedTech and current chairman of Memic — will serve as […]
