A Delaware judge has denied Johnson & Johnson’s motions to dismiss a fraud lawsuit filed by former shareholders of Auris Health, who alleged that J&J executives misrepresented their intentions for the robotic surgery company when they acquired it for $3.4 billion in 2019. Acting as the representative of the former Auris shareholders, Fortis Advisors sued […]
Auris Surgical Robotics
J&J’s Gorsky to step down as CEO
Citing “family health reasons,” Johnson & Johnson’s Alex Gorsky will hand the CEO role over to Joaquin Duato, current vice-chair of the company’s executive committee, at the start of the new year. Gorsky oversaw a near-decade of significant growth at the medtech and pharma giant. His tenure ultimately will be capped off by Johnson & […]
Asensus Surgical reports mixed Q2 results
Asensus Surgical (NYSE American: ASXC) reported second-quarter results that beat the Wall Street earnings consensus forecast but missed on revenue. The Research Triangle Park, N.C.–based surgical robotics company reported a loss of –$13.2 million, or –6¢ per common share, off revenue of $1.1 million for the quarter ended June 30, 2021 — versus a loss […]
These medtech companies raised the most VC last year
Perhaps there’s a ray of hope that venture capital funding is recovering a bit for the medical device industry. VC firms invested more than $2.8 billion in 2017, an increase of more than $647 million from 2016, according to the MoneyTree Report from PricewaterhouseCoopers (PwC) and CB Insights. There were a total 229 deals involving […]
Report: Q3 2017 Healthcare VC funding steady, digital health deals drop
Venture Capital funding in the healthcare sector during the third quarter of 2017 stayed mostly in line with the previous quarter while digital health deals saw a significant drop, according to a PricewaterhouseCoopers and CB Insights MoneyTree report. VC funding during the third quarter of 2017 was directly in line with the previous quarter, but […]
Auris Surgical reels in $280m in stealthy Series D round
Auris Surgical Robotics has stealthily raised a massive $280 million in a Series D round of financing, according to the company’s website and an SEC filing posted today. Money in the round came from 39 investors, led by newly invested Coatue Management and joined by Mithril, Lux Capital and Highland Capital Partners, according to the […]
Robotic surgery: Here’s everything you need to know
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Auris Surgical Robotics closes $80m Hansen Medical buy
Hansen Medical (NSDQ:HNSN) said today it completed its $80 million merger with Auris Surgical Robotics, which won approval from shareholders last week. Through the merger agreement, Auris paid $4 per share in cash, which the company said is approximately 39.9% over the closing sale price of the common stock of Hansen Medical as reported in April. […]
FDA clears Ares robot-assisted bronchoscopy device from Auris Surgical Robotics
The FDA last month granted 510(k) clearance to the Ares robot-assisted bronchoscopy platform developed by stealthy Auris Surgical Robotics. San Carlos, Calif.-based Auris was co-founded by medical robotics pioneer Dr. Frederic Moll, who’s behind a slew of other startups in the space, including market leader Intuitive Surgical (NSDQ:ISRG); Mako Surgical, acquired in 2013 for $1.7 billion by Stryker (NYSE:SYK); Restoration Robotics and […]
Robotic surgery mix-up: Moll’s Auris buys Hansen Medical
Stealthy robotics-company Auris Surgical Robotics is mixing up the robotic surgery game, saying today it signed a deal to pick up Hansen Medical (NSDQ:HNSN) for approximately $80 million. Through the merger agreement, Auris will pay $4 per share in cash, which the company says is approximately 39.9% over the closing sale price of the common stock of […]
Analyst: Medtronic most likely to challenge Intuitive Surgical in robot-assisted surgery
Medtronic (NYSE:MDT) is the most likely rival to Intuitive Surgical‘s (NSDQ:ISRG) dominance in the robot-assisted surgery space, but is still at least a year away from putting a competing device on the market, according to 1 analyst covering the medical device industry. Sunnyvale, Calif.-based Intuitive has a long lead, having had its flagship da Vinci system since 2000 and is […]
