Asensus Surgical (NYSE:ASXC) announced today that it entered into a non-binding letter of intent for Karl Storz to acquire it. The agreement enables Karl Storz to engage in diligence and negotiations over a potential acquisition of the surgical robot maker. Asensus and Karl Storz began a collaboration over surgical robotics just over a year ago […]
Surgical
Titan Medical settles dispute with contract manufacturer
Titan Medical announced today that it entered into a settlement agreement after a dispute with an unnamed contract manufacturer. Toronto-based Titan agreed to pay the contractor $2 million to settle the dispute, according to a news release. Its final payment installment is set to be made on or before June 24, 2024. Upon the receipt […]
Synaptive Medical wins FDA nod for near-infrared fluorescence in robotic exoscope
Synaptive Medical announced today that it received FDA 510(k) clearance for its near-infrared fluoresence visualization module on its robotic exoscope. The Toronto-based company can now add its Modus IR module to the existing fluorescence offering on the 4K, 3D Modus X system. Modus IR bolsters the capabilities of the exoscope across all neurosurgical procedures, as […]
PathKeeper Surgical, Mayo Clinic sign know-how agreement for pediatric spine surgery radiation research
PathKeeper Surgical has entered into a know-how agreement with the Mayo Clinic to research radiation levels in pediatric spine surgeries. The research will focus on reducing patient radiation exposure using minimally invasive optical navigation and using intraoperative measurement tools for scoliosis correction. Mayo Clinic pediatric spine surgeons Drs. Noelle Larson and Todd Milbrandt are collaborating […]
Fast Company names 10 medtech companies as most innovative of 2024
Fast Company recently named 10 medical device companies as some of the most innovative companies of 2024. Each year, Fast Company releases its list of the world’s most innovative companies. The list covers 58 industries and sectors, ranging from advertising to video. Companies on the “Most Innovative” list apply to be included, and then Fast […]
Intuitive Ion wins regulatory approval in China
Intuitive Surgical has received approval from regulatory authorities in China to market its Ion surgical robot system. BTIG analyst Ryan Zimmerman said today that the National Medical Products Administration in China approved the system. This occurred through Intuitive’s partnership with Shanghai Fosun Pharmaceutical, a venture established in 2016. The major regulatory nod in China follows […]
How Solventum plans to create value after spinning out of 3M
Bryan Hanson, soon-to-be CEO of 3M’s Solventum healthcare spinoff, is no stranger to major changes in medtech. He had direct involvement in medtech’s largest spinoff, when Covidien separated from Tyco. Hanson then led the integration of Covidien into Medtronic in medtech’s largest-ever acquisition. While at Medtronic, he also led the divestiture of its Patient Recovery […]
Johnson & Johnson MedTech partners with Nvidia on AI in surgery
Johnson & Johnson MedTech announced today that it plans to accelerate and scale AI for surgery in partnership with Nvidia. The two companies paired up to support increased access to real-time analysis and global AI algorithm availability. They hope to affect surgical decision-making, education and collaboration across the connected operating room (OR). This marks the […]
Surgeons perform first total knee arthroplasty with Polaris mixed-reality surgical guidance tech
Polaris announced today that surgeons performed the first total knee arthroplasty (TKA) during its Stellar Knee mixed-reality system. Stellar Knee uses mixed reality for surgical navigation and guidance. It guides TKA procedures by displaying measured and computed data overlaid directly in a 3D environment. The system acts as a spatial computer, creating continuous data exchange […]
Titan Medical enters merger with Conavi Medical
Titan Medical announced today that it entered into a definitive amalgamation agreement to combine with Conavi Medical. The companies aim to combine in an all-stock transaction, focusing on commercializing Conavi’s Novasight Hybrid system. Conavi designed Novasight Hybrid to guide common minimally invasive coronary procedures. This merger comes after more than a year of uncertainty around […]
SS Innovations uses surgical robot in mitral valve replacement
SS Innovations announced today that surgeons successfully performed a mitral valve replacement using its surgical robot. The procedure marks the world’s first mitral valve replacement using the company’s Mantra surgical robot. It took place at the Narayana Hrudayalaya Institute of Cardiac Sciences in Bengaluru, India. Dr. Nitin Kumar Rajput performed the surgery, guided by Dr. Sudhir […]