Synaptive Medical announced that its U.S. and Canadian Modus V robotic digital microscope now includes updates such as additional 3D visualization and voice-activated control. The Modus V is a robotically controlled digital microscope used as part of Synaptive’s BrightMatter surgical suite designed for less invasive, patient-specific approaches in complex cranial procedures. The Modus V provides […]
Surgical
RTI Surgical selling OEM business for $490m
RTI Surgical (NSDQ:RTIX) announced that it entered into a definitive agreement to sell its original equipment manufacturing (OEM) business to Montagu Private Equity in a deal worth $490 million. The deal, which is expected to close in the first half of 2020, includes $480 million in cash from United Kingdom-based Montagu to RTI Surgical, plus certain […]
Medicrea looking for a buyer
Medicrea (EPA:ALMED) announced that it is engaged in active discussions with potential strategic partners in the U.S. spine industry as it seeks to execute an agreement resulting in a company takeover, partnerships or distribution agreements. The company said that leading U.S. groups have made regular approaches to share industry developments and review potential strategic partnerships around […]
TransEnterix wants to use more AI in surgical robotics: Here’s how
TransEnterix (NYSE:TRXC) has filed a 510(k) submission to add an artificial intelligence feature to its robot-assisted surgery system in which the system can automatically move the camera for a surgeon. Surgeons have been able to move the camera on TransEnterix’s Senhance System via eye sensing. But the new Intelligent Surgical Unit would allow a surgeon, for […]
Pavmed back in NASDAQ compliance
Pavmed (NSDQ:PAVM) said today that it has received formal notice from NASDAQ that it has returned to compliance with the stock exchange’s listing rule after 10 consecutive days with a closing bid price of at least $1 per share. NASDAQ warned the company in November that it was in danger of delisting due to poor […]
Medtronic sued over surgical staplers and injury reports
Medtronic (NYSE:MDT) faces lawsuits from three people who claim the company’s surgical staplers seriously injured them — and that the company knowingly sold defective devices and hid the risks, according to a report in the Star Tribune of Minneapolis. Cynthia Nicholson of Harris County, Texas and Robert Snyder of Gilman, Iowa separately sued Medtronic in Hennepin […]
Virtual Incision raises $20m for MIRA surgical robot
Virtual Incision announced today that it raised $20 million in a Series B financing round for its MIRA (miniaturized in vivo robotic assistant) surgical robotic platform. The company also filed for an FDA investigational device exemption for the MIRA platform so it can initiate a clinical study in support of its regulatory pathway to approval. […]
Polyganics’ Liqoseal sealant patch wins CE mark approval
Polyganics announced that it is initiating the European launch of its Liqoseal dural sealant patch after it won CE Mark approval. The Groningen, The Netherlands–based company’s Liqoseal dural sealant patch is designed to reduce cerebrospinal fluid (CSF) leakage following elective cranial surgery. Liqoseal’s European approval follows the Encase I clinical trial, which revealed an absence […]
Medicrea lands 7 new patents
Medicrea (EPA:ALMED) announced that the U.S. Patent Office recently issued the artificial intelligence spinal surgery developer seven new patents related to its UNiD adaptive spine intelligence (ASI) technology platform. The UNiD ASI is designed to use artificial intelligence to enhance clinical and surgical workflow, increase reproducibility, improve surgical outcomes and expand the potential for surgeons. The […]
TransEnterix seeks better 2020 after a tough 2019
TransEnterix (NYSE:TRXC) today reported preliminary 2019 revenue numbers that failed to meet the expectations of Wall Street analysts — but the robotic surgery company closed the year with two new customer agreements. Research Triangle Park, N.C.– based TransEnterix touts its Senhance System as a more economical option when it comes to laparoscopic and robotic systems, with […]
Microbot Medical raises $9m, set to unveil disposable robotic system
Microbot Medical announced that it raised nearly $9 million in a common stock offering, days after announcing that it is set to unveil its disposable robotic system for multiple procedures later this month. The Hingham, Mass.–based company agreed to sell 900,901 shares of common stock at a purchase price of $11.10 per share. The gross […]