TransEnterix (NYSE:TRXC) announced that it commenced an underwritten offering of units of common stock, warrants and convertible preferred stock. The offering is expected to be comprised of a unit of common stock with warrants to purchase shares of common stock and a unit of convertible preferred stock with warrants to purchase shares of common stock. According […]
Surgical
Baxter wins FDA nod for next-gen staple-line reinforcements
Baxter (NYSE:BAX) announced today that it received FDA 510(k) clearance for the new generation of its Peri-Strips Dry with Veritas collagen matrix (PSDV) staple-line reinforcement material. The “PSDV with secure grip” is now available with peel-and-secure technology. Baxter touts the new generation of the product as two times faster in preparation when compared to the previous […]
Viseon closes $18m Series B
Viseon announced yesterday that it closed a Series B financing round worth $18 million to support a number of company initiatives. The Irvine, Calif.-based orthopedic spine technology company said it is earmarking the funding for ongoing product development, worldwide regulatory approvals, clinical evaluations, manufacturing scale-up and commercialization efforts. The $18 million round was co-led by […]
J&J’s Ethicon mostly fends off Intuitive Surgical’s robotic surgery patent challenge
Johnson & Johnson (NYSE:JNJ) subsidiary Ethicon has kept most of a surgical robotics tool patent intact after a Patent Trial and Appeal Board decision on a challenge from rival Intuitive Surgical (NSDQ:ISRG). The board’s decision, dated Feb. 18, involved an Ethicon patent for a “Shiftable Drive Interface for Robotically-Controlled Surgical Tool,” issued in 2013. Out of […]
DePuy Synthes and Orthofix settle customer-poaching lawsuit
Johnson & Johnson (NYSE:JNJ) unit DePuy Synthes has settled its lawsuit over alleged customer-poaching against Orthofix (NSDQ:OFIX) and a pair of former DePuy sales reps for an undisclosed amount. The confidential settlement comes nearly 11 months after DePuy filed suit in the U.S. District Court for Eastern Texas, alleging that its rival lured the reps and two […]
Medtronic seeks to boost surgical robotics play with Digital Surgery acquisition
Medtronic (NYSE:MDT) announced today that it has acquired Digital Surgery (London), a privately-held pioneer in surgical artificial intelligence, data and analytics, and digital education and training. Financial terms of the deal were not disclosed. Medtronic said the purchase will strengthen its robot-assisted surgical platform and its broader portfolio. The medical device giant is making a big play […]
TransEnterix wins CE Mark for Sehance pediatric indication
TransEnterix (NYSE:TRXC) announced today that it has won a CE Mark for an expanded indication to treat children above 10 kg (22 lb) with the Senhance robotic surgery system. “Given the size of the patients, pediatric surgery seeks to use the smallest instruments and scopes possible to minimize invasiveness, yet it is critical to maintain a […]
TransEnterix to raise up to $25m from stock purchasing agreement
TransEnterix (NYSE:TRXC) could raise up to $25 million under a stock purchasing agreement with Lincoln Park Capital Fund. Under the agreement, announced yesterday, TransEnterix has a 36-month period to sell the stock — with money going toward the surgical robotic company’s general corporate purposes including working capital, product development and capital expenditures. “The company expects this […]
Intuitive Surgical acquires Orpheus Medical to expand informatics offerings
Intuitive Surgical (NSDQ:ISRG) announced that it completed the acquisition of privately-held Orpheus Medical for an undisclosed amount to grow its integrated informatics platform. New York-based Orpheus Medical offers information technology connectivity and expertise in processing and archiving surgical video to hospitals around the world. The company develops and distributes a clinical video management and analytics platform […]
Procept Biorobotics taps industry veteran as new CEO
Procept BioRobotics recently announced that Reza Zadno, former CEO of ophthalmology tech company Avedro, has taken over the corner office at Procept. Zadno has more than three decades of leadership in the medical device industry, with a track record of successfully leading young companies to acquisitions. The latest was Avedro, which Glaukos (NYSE:GKOS) acquired for an […]
Avra Medical Robotics clears debt
Avra Medical Robotics (OTC:AVMR) announced yesterday that it paid off almost all its external corporate debt, including accrued interest. The Orlando, Fla.–based company said it cleared its debt with the exception of loans from its CEO and a loan note for $25,000, which is due on Dec. 31, 2020. One note of $25,000 is being converted […]