As hospitals brace for another surge in COVID-19, medical device companies have to worry about more than temporary reductions in elective surgeries. Hospitals struggling to account for every dollar are beginning to push for new ways to select and pay for new medical technology, particularly large capital items like robotic surgery systems, according to […]
Surgical
Explorer says AR, AI will improve surgeon-sales rep connections
Explorer Surgical, one of several companies working to established remote connections between surgeons and advisors located outside the operating room, introduced a suite of audio/video functionality that it says will established “unprecedented” levels of communications. The Chicago-based startup says its platform will include augmented reality. According to a release, the HIPAA-compliant system will allow proxies, […]
Titan Medical rises on Q3 results
Titan Medical (TSX:TMD;OTC:TITFX) shares ticked up today despite third-quarter results that include a massive decline in revenues. The Toronto-based robotic surgery company posted losses of -$1.6 million, or -2¢ per share, on sales of $4.5 million for the three months ended Sept. 30, 2020, for a -4.9% bottom-line slide on a sales decline of -75.5%. “Titan […]
Tech bridges gap between sales reps and surgeons
Medtech sales reps often are an essential presence during surgeries. But worries about the spread of the coronavirus and the availability of personal protective equipment have pushed most reps out of the operating rooms, leaving surgeons without a resource to which they’ve grown accustomed. Technology startups are stepping forward to reunite surgeons and sales reps […]
TransEnterix beats The Street in Q3
TransEnterix (NYSE:TRXC) shares ticked up slightly on third-quarter results that came in ahead of the consensus forecast. The Research Triangle Park, N.C.-based surgical robotics company posted losses of -$15.1 million, or -15¢ per share, on sales of $814,000 for the three months ended Sept. 30, 2020, for an 84.6% bottom-line gain despite a sales decline of […]
Accuray ticks up on Street-beating Q1
Accuray (NSDQ:ARAY) shares ticked up today on first-quarter results that came in ahead of the consensus forecast. The Sunnyvale, Calif.-based radiotherapy device maker posted profits of $402,000, breaking even on a per-share basis, on sales of $85.3 million for the three months ended Sept. 30, 2020, for a bottom-line gain from losses of more than -$9.3 […]
Resonetics acquires medical business of Hutchinson Technology
Resonetics announced today that it has acquired the medical business of Hutchinson Technology (HTI). Based in Hutchinson, Minn., HTI has developed a number of proprietary manufacturing processes to fabricate and assemble tight-tolerance metal components for devices used to seal vessels in many types of surgery, according to Resonetics. The company also has processes to chemically etch blades, create […]
Robocath, MicroPort enter JV
Robocath announced today that it created a joint venture with MicroPort Scientific through its MicroPort MedBot subsidiary. Rouen, France-based Robocath said in a news release that the partnership is designed to enable the commercialization of its R-One robotic-assisted platform in China, as MedBot is based in Shanghai. Both companies are set to engage in research […]
Medtronic wins FDA clearance for nerve monitoring system, acquires Ai Biomed
Medtronic (NYSE:MDT) announced today that it received FDA 510(k) clearance for its NIM Vital, and it’s acquired Ai Biomed. NIM Vital is an intraoperative nerve monitoring system designed to allow physicians to identify, confirm and monitor nerve function in an effort to reduce the risk of nerve damage during head and neck surgery, according to a […]
MMI wins CE Mark for robotic microsurgery system
MMI SpA announced today that it received CE Mark for and launched its Symani surgical system for open microsurgical procedures. Calci, Italy-based MMI’s Symani system also experienced its first human use, having been used in four successful robotic surgeries performed in Florence, Italy. Three of those procedures were complex, post-traumatic lower limb reconstructions, with one […]
Intuitive Surgical launches $100M venture capital fund
Intuitive Surgical (NSDQ:ISRG) announced today that it launched an inaugural $100 million investment fund called Intuitive Ventures. Sunnyvale, Calif.-based Intuitive’s new venture fund is focused on investment opportunities surrounding digital tools, precision diagnostics, focal therapeutics and platform technologies that align with its “commitment to advancing positive outcomes in healthcare,” according to a news release. The investment […]
