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Supply chain, manufacturing issues slow Medtronic’s Hugo launch, ramp-up expected next fiscal year

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Medtronic Hugo robot-assisted surgery system
Medtronic’s Hugo robot-assisted surgery system [Image courtesy of Medtronic]
Medtronic (NYSE:MDT) Chair & CEO Geoff Martha confirmed that the launch of the Hugo surgical robot platform is off-schedule.

Speaking on the company’s second-quarter earnings call today, Martha said the platform’s launch is “not on-schedule but not off-track” at this stage. Hugo represents Medtronic’s bid to challenge Intuitive Surgical in the surgical robotics space.

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

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About Sean Whooley

Sean Whooley is a senior editor who mainly produces work for MassDevice, Medical Design & Outsourcing and Drug Delivery Business News. He received a bachelor's degree in multiplatform journalism from the University of Maryland, College Park. You can connect with him on LinkedIn or email him at [email protected].