AI-enabled surgical software company Enhatch announced today that it raised $9 million in a recent funding round. Led by software growth equity firms Trousdale Capital and Apis Holdings, the latest round brings Enhatch’s total fundraising to $15 million. It has also enabled the Hoboken, N.J.–based company to double its staff to 40. One-third of employees […]
Surgical
Titan Medical collects $10M milestone payment from Medtronic
Titan Medical (TSX:TMD;OTC:TITFX) announced today that it received another $10 million for licensing developed technologies to Medtronic (NYSE:MDT). Toronto-based Titan Medical completed the second technical milestone under the development and license agreement it made with Medtronic in June 2020. The company achieved the first milestone in the agreement in October 2020 by raising $18 million […]
Medtronic beats The Street in Q4, Hugo robot wins IDE
Medtronic (NYSE:MDT) had much to tout with its pipeline as it released Street-beating fourth-quarter results. CEO Geoff Martha announced to analysts that FDA has granted the company’s much-anticipated Hugo robot an investigational device exemption approval. Medtronic is preparing to commence its Expand Uro trial in the U.S. to study Hugo in urologic procedures, Martha said […]
PAVmed wins CE mark for carpal tunnel device
PAVmed (NSDQ: PAVM) today announced that it has received the CE mark for its CarpX minimally invasive carpal tunnel device. EU-based Notified Body TÜV Rhineland LGA Products GMBH issued CE certificate, effective May 24, 2021, the company noted. CarpX may now be marketed in CE Mark European countries, which include the European Economic Area (the EU, […]
Neurosign launches new intraoperative nerve monitor to preserve nerves
Neurosign today announced the U.S. launch of its V4 system for monitoring cranial nerves and spinal nerve roots during surgeries. FDA cleared the V4 4-channel and 8-channel nerve monitoring system in March. “We have many years of experience listening to surgeons and developing systems that solve challenges. The V4 is the next iteration of advanced […]
Titan Medical names strategy VP
Titan Medical (TSX:TMD;OTC:TITFX) announced today that it appointed Deepak Basra as its VP of strategy and business development. In the newly created role, Basra’s responsibilities include overseeing Toronto-based Titan’s corporate development and strategic planning, according to a news release. Basra joins the company as a veteran of more than 20 years in global business development […]
Memic may go public through merger with SPAC
Memic Innovative Surgery is reportedly eyeing a move to go public through a merger with SPAC MedTech Acquisition Corp. Bloomberg reported that people with knowledge of the matter say that Memic, which develops Hominis, the first FDA-approved, robotically assisted surgical device for performing transvaginal hysterectomy, is in talks over going public with the SPAC. A […]
This imaging device could be a breast cancer treatment breakthrough
OncoRes Medical’s system may detect cancer cells on a microscopic scale during a lumpectomy, potentially averting the need for a second breast cancer surgery. Having breast surgery to remove a cancerous lump is traumatic enough. Learning that you’ll need another operation to remove cancer cells that the surgeon couldn’t detect the first time only adds […]
Asensus Surgical posts Q1 earnings beat
Asensus Surgical (NYSE:ASXC) shares are down today — a day after the company posted Q1 results that edged the consensus earnings forecast. The Research Triangle Park, N.C.-based robotic surgery company — formerly known as TransEnterix — posted losses of -$17.3 million, or -8¢ per share, on sales of $2.1 million for the three months ended […]
Think Surgical robot can use Ortho Development implants, FDA says
The FDA has cleared two Ortho Development knee implants for use with a Think Surgical robotic system, the companies announced today. Surgeons will now be able to use Ortho Development’s Balanced Knee system (BKS) and BKS TriMax implants with Think Surgical’s TSolution One total knee arthroplasty system. TSolution One is the only commercially available active robot system for total […]
Medtronic Talks Podcast : Mazor, Hugo. What’s next in surgical robotics?
In this episode, two of the executives leading Medtronic’s push into robotic surgery update listeners on the progress and potential of Medtronic’s MAZOR X Stealth and Hugo RAS system platforms. Megan Rosengarten, president of surgical robotics, says Hugo is poised to deliver surgeons newfound capabilities and options. The company hopes to begin selling the system […]
