Fueled at least in part by exceptionally strong IPO and M&A markets, hedge funds, venture capitalists, private equity firms and corporate investors are committing more time and money into privately held medical devices companies, according to a new “Healthcare Investments and Exits” report issued by Silicon Valley Bank. The report examining the first half of […]
CMR Surgical
MedTech 100 roundup: New all-time best reached
Once again, the medtech industry has soared to new heights, eclipsing its all-time best performance by the tiniest of margins. MassDevice‘s MedTech 100 Index — which includes stocks of the world’s largest medical device companies — finished the week (July 2) at 114.59 points. It was just 0.01 points ahead of the 114.58-point mark set in […]
CMR Surgical raises $600M to expand Versius robot commercialization
CMR Surgical has raised $600 million in a Series D financing round led by SoftBank Vision Fund 2 and co-led by Ally Bridge Group. The Cambridge, U.K.–based company said yesterday that it will use the money to boost the global commercialization of its Versius surgical robotic system, making keyhole surgery accessible to more people worldwide. […]
The top digital health startups in the world
About two-fifths of the startups in CB Insights’ second annual Digital Health 150 list are engaged in telehealth, a high-demand area amid the COVID-19 pandemic. That is one of the big takeaways from the list of 150 promising digital health startups that CB Insights released today. CB Insights’ research team picked the 150 startups after […]
CMR Surgical appoints new CEO
CMR Surgical this week announced it appointed Per Vegard Nerseth as CEO, effective on Jan. 1, 2020. Nerseth will replace Martin Frost, who will remain as CEO until the effective date and transition to a non-executive director role within the company. Prior to joining CMR Surgical, Nerseth was senior VP and managing director of ABB […]
How GE Healthcare is investing in medtech innovation
GE Healthcare (NYSE:GE) appears to be taking the “throw it against the wall and see what sticks” approach when it comes to medtech innovation. GE’s Chicago-based healthcare subsidiary today announced a medtech 3D printing partnership with Formlabs (Somerville, Mass.). GE Healthcare also disclosed its participation in the recent $243 million Series C round of robot-assisted surgery […]
CMR Surgical sells first Versius robot, in India
CMR Surgical said today that it completed the first sale of its Versius robotic surgical system to the Galaxy Care Hospital in Pune, India. Versius is designed for use in minimal-access procedures; at Galaxy Care those ranged from transthoracic procedures to hysterectomies and myomectomies, led by Dr. Shailesh Puntambekar, according to a news release. Cambridge, […]
CMR Surgical drums up another $243 million for Versius robotic surgery device
CMR Surgical said today that it raised some $243 million in a Series C round it plans to use to commercialize its Versius robot-assisted surgery device. The Cambridge, U.K.-based company said the £195 million round (worth about $242.8 million) is Europe’s largest private medtech financing to date. CMR Surgical, formerly known as Cambridge Medical Robotics, […]
CMR Surgical touts first-in-human procedures with Versius robotic surgical platform
CMR Surgical said today that it has successfully completed the first-in-human procedures with its Versius surgical robotic system as part of a clinical trial in Pune, India. A total of 30 procedures were performed by Dr. Dhananjay Kelkar and their team at the Deenanath Mangeshkar Hospital & Research Center, The U.K.-based company said that the Versius […]
CMR Surgical unveils Versius robotic surgical platform
CMR Surgical today unveiled its portable Versius robotic surgical platform, designed for use in minimal-access procedures. The U.K.-based company said that the Versius robotic platform’s design is inspired by the human arm, and is intended to be affordable and transportable due to its small size and modular design. CMR Surgical said that it hopes the […]
CMR Surgical closes $100m Series B
Updated to correct to the company’s updated name, CMR Surgical. CMR Surgical said today it closed a $100 million Series B round of funding to support commercialization of its Versius robotic surgical system. The Series B round was joined by the newly invested Zheijiang Silk Road Fund and existing investors Escala Capital Investments, LGT, Cambridge […]
