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Intuitive Surgical highlights supply chain risk, addresses Medtronic’s Hugo launch

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Intuitive Surgical CFO Marshall Mohr
Intuitive Surgical CFO Marshall Mohr [Photo courtesy of Intuitive Surgical]
Intuitive Surgical executives today said delays and price increases are working their way through the medtech supply chain, likely resulting in higher production costs in the months ahead and the potential for delayed development and regulatory activity.

“I don’t think I can say it’s getting better. It’s a difficult situation and will continue for some time. … I’m not sure I want to say the inflation word, that it has hit us and is here to stay, but we are seeing some suppliers raise costs,” CFO Marshall Mohr said on a conference call to discuss the surgical robotics maker’s performance in the third quarter.

Get the full story at our sister site, Medical Design & Outsourcing.

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About Jim Hammerand

Jim Hammerand is the managing editor of Medical Design & Outsourcing. He has more than two decades of journalism experience spanning newspapers, magazines, websites, live events, radio and TV news. For nearly a decade, Hammerand reported and edited business news for American City Business Journals as a reporter and digital editor at the Minneapolis/St. Paul Business Journal and then managing editor of the Puget Sound Business Journal in Seattle. He holds a bachelor’s degree in journalism from the University of Minnesota. He is based near Seattle, Washington, where he and his family live. Connect with him on LinkedIn or by email at jimhammerand@wtwhmedia.com.