Perimeter Medical Imaging — creator of AI-based medical imaging tools for cancer surgery — plans to go public on the TSX Venture Exchange in Toronto on the week of June 29. The Toronto- and Dallas-based company is going public at the same time that it enters the commercial stage for its proprietary, FDA-cleared OCT imaging […]
Surgical
CEO Kevin Lobo says Stryker ready to regain lost momentum
Stryker (NYSE:SYK) CEO Kevin Lobo said today that the company is preparing to restart “a number” of idled production lines next month as it climbs out the crater created by COVID-19. In an interview on the DeviceTalks Weekly Podcast, Lobo said the company is rebounding from its low point in April, when its sales fell almost […]
Smith & Nephew launches sports medicine OR tech
Smith & Nephew (NYSE:SNN) announced today that it launched its Intellio connected tower platform to connect and control sports medicine systems. Intellio uses a centralized app to wirelessly connect and remotely control the major components of an arthroscopy surgical tower from outside the sterile field in an effort to streamline procedure support. It includes a remote […]
Support grows for return of medtech reps to hospitals
Twenty-six more medical and surgical societies and healthcare associations have endorsed guidelines for the safe return of medtech company representatives to healthcare facilities during the coronavirus pandemic. The guidance, released in May by AdvaMed, the Association of periOperative Registered Nurses (AORN) and the American Hospital Association (AHA), builds on the April 17 joint statement by AHA, […]
CMS releases guidance on resuming elective procedures
The Centers for Medicare & Medicaid Services (CMS) issued guidelines for non-emergent, non-COVID-19-related healthcare as facilities reopen. In March, CMS recommended that healthcare providers postpone elective procedures until further notice to preserve personal protective equipment. An April 16 White House recommendation gave the green light for elective surgical procedures to resume. CMS now says, in […]
Titan Medical announces $18m offering, settles Naglreiter suit
Titan Medical (TSX:TMD;OTC:TITFX) announced that it registered an $18 million direct offering and settled its lawsuit with Naglreiter Consulting. The Toronto-based robot-assisted surgery technology developer entered into definitive agreements with a single healthcare-focused institutional investor for the sale of 18 million shares of its common stock at $1 per share and 9 million common share purchase […]
Medtronic turns to Titan Medical as it makes robot-assisted surgery play
Titan Medical (TSX:TMD;OTC:TITFX) announced today that it entered into an agreement with Medtronic (NYSE:MDT) to progress the development of robot-assisted surgical technologies. The development and license agreement to develop those technologies is accompanied by a separate license agreement with Medtronic in respect of certain intellectual property of Titan Medical, according to a news release. Under the agreement, […]
FDA issues Class 2 recall of da Vinci SP surgical system
The FDA confirmed that its recall of the da Vinci SP robotic surgical system from Intuitive Surgical (NSDQ:ISRG) is a Class 2 recall. Sunnyvale, Calif.-based Intuitive Surgical initiated its recall of 17 versions of device on April 1, 2019. According to the FDA database, the company became aware that the da Vinci SP system may trigger […]
Poll: Patients want to return to the doctor
AdvaMed said polling data confirmed that nearly half of American adults surveyed said they or someone in their household postponed or skipped medical care as a result of COVID-19. The poll, released yesterday by the Kaiser Family Foundation showed that 48% of those adults or adults in their household had to put off medical care […]
Smith & Nephew launches Tula ear tube system
Smith & Nephew (NYSE:SNN) announced today that it launched its Tula system for the placement of tympanostomy tubes (ear tubes). London-based Smith & Nephew’s Tula system is an in-office option that allows surgeons to place ear tubes in an awake child without the need for general anesthesia. Physicians using the Tula system numb the eardrum with […]
Titan Medical faces Nasdaq delisting
Titan Medical (TSX:TMD) announced today that the Nasdaq stock market has sent it a Staff Delisting Determination letter. The robotic surgery system developer plans to appeal the determination by requesting a hearing by June 4. Nasdaq, according to Titan Medical, claimed that the company had failed to comply with a rule that listed companies must have […]