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 […]
Intuitive Surgical CEO Guthart unfazed by upcoming competition
Gary Guthart, the longtime CEO of robot-assisted surgery pioneer Intuitive Surgical (NSDQ:ISRG), said yesterday that he’s confident Intuitive will be able to compete as smaller rivals begin hitting the market as early as this year and bigger players loom on the horizon. “We have known for years and have anticipated for years. We didn’t wake up yesterday […]
Auris raises $150m for eye surgery robot
Stealthy robotics-company Auris Surgical Robotics, led by Intuitive Surgical founder Dr. Frederic Moll, raised $150 million in a new round of equity financing, according to an SEC filing posted today. Redwood City, Calif.-based Auris is developing a surgical robot for ophthalmological procedures, but has not released any details surrounding the device. Funds came from 25 […]
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