Asensus Surgical (NYSE American: ASXC) reported second-quarter results that beat the Wall Street earnings consensus forecast but missed on revenue. The Research Triangle Park, N.C.–based surgical robotics company reported a loss of –$13.2 million, or –6¢ per common share, off revenue of $1.1 million for the quarter ended June 30, 2021 — versus a loss […]
Surgical
Intuitive Surgical to invest $500M in Georgia campus
Intuitive Surgical (NASDAQ: ISRG) will spend more than $500 million to expand its Peachtree Corners campus northeast of Atlanta, according to Georgia Gov. Brian P. Kemp’s office. The Sunnyvale, Calif.–based robotic surgery systems company — the dominant player in the space — has had a presence in Georgia for a decade. The plan is to […]
Alphatec posts mixed-bag Q2 results, sales up 110%
Alphatec (Nasdaq: ATEC) today posted second-quarter results today that beat the revenue consensus on Wall Street but missed on earnings estimates. The Carlsbad, Calif.-based spine surgery device company reported losses of -$38.2 million, or -39¢ per share, on sales of $62.2 million for the three months ended June 30, with sales growth of 110.09% compared with […]
Teleflex raises guidance on respiratory sale headwinds, beats Street in Q2
Teleflex (NYSE:TFX) today posted Street-beating second-quarter financial results and increased its guidance for the full year. The Wayne, Pa.–based critical care and surgical tech company posted profits of $83.2 million, or $1.76 per share, on sales of $713.5 million for the three months ended June 27, 2021, increasing its bottom-line by more than six times […]
ConMed beats The Street in Q2, raises full-year guidance
ConMed (NSDQ:CNMD) reported second-quarter results that beat the consensus forecast on Wall Street. The Largo, Fla.–based surgical and patient monitoring products company posted profits of $13.3 million, or 41¢ per share, on sales of $255.2 million for the three months ended June 30, 2021. The results out yesterday evening showed a massively improving bottom line […]
FDA clears articulating instruments for Asensus Surgical’s robotic system
Asensus Surgical (NYSE American: ASXC) announced today that FDA has cleared 5 mm diameter articulating instruments for the company’s Senhance surgical system. The instruments previously received a CE mark in the EU. They provide better access to difficult-to-reach areas of the anatomy by providing two additional degrees of freedom. “Bringing the benefits of 5 mm […]
Integra Lifesciences raises guidance on Street-beating Q2 results
Integra LifeSciences (NSDQ:IART) today posted second-quarter results that beat the overall consensus on Wall Street. The Princeton, N.J.–based surgical and medical instrument company reported profits of $35.1 million, to 41¢ per share, on sales of $389.9 million, for the three months ended June 30, for a sales growth of 50.8% compared with Q2 2020. Earnings per […]
Blackrock Neurotech and ClearPoint Neuro want to automate brain implant surgeries
ClearPoint Neuro (NSDQ:CLPT) announced an agreement with Blackrock Neurotech to develop automated technologies for brain implant surgeries. The partnership will seek to develop an automated surgical solution for implanting brain-computer interfaces (BCIs) into patients with neurological disorders including from paralysis, ALS, blindness and hearing loss, among others. Get the full story at our sister site, […]
Intuitive Surgical dips despite Street-beating Q2
Intuitive Surgical (NSDQ:ISRG) shares hit a small skid this morning on second-quarter results that topped the consensus forecast. The Sunnyvale, Calif.–based robotic surgery company posted profits of $517.2 million, or $4.25 per share, on sales of $1.5 billion for the three months ended June 30, 2021, multiplying its bottom line by nearly seven times on […]
Vivasure Medical initiates development of sutureless venous closure device
Vivasure Medical announced today that it launched a development program for its PerQseal Blue investigational product. Galway, Ireland-based Vivasure designed PerQseal Blue for sutureless and fully absorbable large-bore venous vessel closure following percutaneous cardiovascular procedures, including transcatheter mitral valve repair/replacement (TMVR) and transcatheter tricuspid valve repair/replacement (TTVR). According to a news release, the company based […]
MMI’s surgical robot saves person’s arm from amputation
Medical Microinstruments (MMI) today said its Symani Surgical System was successful in a post-traumatic limb reconstruction procedure that saved a patient’s arm from amputation. Italy-based Medical Microinstruments designed the Symani system as a flexible platform with two robotic arms that can be easily positioned for surgical procedures across any anatomical region. Get the full story […]