Surgical instrument maker Dextera Surgical and B. Braun subsidiary Aesculap said yesterday that they closed the $17.3 million deal to buy Dextera out of Chapter 11 bankruptcy. Redwood City, Calif.- based Dextera, formerly known as Cardica, agreed to the buyout in December 2017. The consummation Feb. 20 saw Dextera receive $13.6 million; another $2 million went into two-year escrow, $900,000 went to repay […]
B. Braun’s Aesculap to buy Dextera Surgical out of bankruptcy for $17m
B. Braun subsidiary Aesculap agreed to pay $17.3 million to buy surgical instrument maker Dextera Surgical (NSDQ:DXTR) out of Chapter 11 bankruptcy, provided no other suitors emerge. Redwood City, Calif.- based Dextera, formerly known as Cardica, said the Dec. 11 deal calls for $2 million to be put into escrow for two years to cover any indemnification […]
Dextera shares fall on Q3 prelim sales miss
Dextera Surgical (NSDQ:DXTR) today has seen shares fall more than 10% after releasing its preliminary earnings for the 3rd quarter, expecting to see revenue of approximately $568,000. Analysts on Wall Street were expecting to see sales of around $1.1 million for the company, significantly higher than the preliminary numbers released. The Redwood City, Calif.-based company said […]
Dextera Surgical wins expanded FDA nod for MicroCutter 5/80 stapler
Dextera Surgical (NSDQ:DXTR) said today it won expanded FDA 510(k) clearance for its MicroCutter 5/80 stapler and associated reloads, now cleared for open solid organ parenchymal dissection techniques. The new clearance covers use on organs including the liver, kidney, pancreas and spleen, the Redwood City, Calif.-based company said. “The small size and large degree of articulation […]
Dextera plummets on shipping hold, Q4 miss
Share prices for Dextera Surgical (NSDQ:DXTR) plunged today after the surgical instruments maker announced a shipping hold on its MicroCutter 5/80 stapler and missed expectations with its fiscal fourth-quarter and 2017 preliminary sales numbers. Redwood City, Calif.-based Dextera, formerly known as Cardica, said it put the hold on the MicroCutter 5/80 and its reload cartridges […]
7 medtech stories we missed this week: June 2, 2017
From Implandata receiving CE Marking to Inolife eyeing up-listing, here are 7 medtech stories we missed this week but thought were still worth mentioning. 1. Dextera seeks expanded indications for MicroCutter 5/80 stapler Dextera Surgical announced in a June 1 press release that it has filed a 510(k) with the FDA for its MicroCutter 5/80 stapler. The […]
Dextera closes $8m offering
Dextera Surgical (NSDQ:DXTR) said today it closed an $8 million public offering of Series B convertible preferred stock to support its MicroCutter 5/80 stapler. In the offering, Redwood City, Calif.-based Dextera Surgical offered 8,000 shares of Series B convertible preferred stock and related warrants at $1,000 per share. Each share of Series B stock, convertible into […]
Dextera prices $8m offering
Dextera Surgical (NSDQ:DXTR) today priced an upcoming underwritten public offering, looking to raise approximately $8 million. In the offering, Redwood City, Calif.-based Dextera Surgical will offer 8,000 shares of Series B convertible preferred stock and related warrants at $1,000 per share. The offering is expected to close May 16, the company said. Each share of Series […]
Study: Dextera touts shorter hospital stays for MI lobectomy procedures using its MicroCutter stapler
Dextera Surgical (NSDQ:DXTR) today released data from a small study of patients who underwent microlobectomy procedures utilizing its MicroCutter surgical stapler, touting hospital stays at least 2 days lower than open lobectomy procedures. “The interest in the presentation at the meeting reflects the global interest in technologies like the MicroCutter 5/80 that enable less invasive approaches […]
Dextera launches registry study of MicroCutter 5/80 stapler
Dextera Surgical (NSDQ:DXTR) said last week it launched a registry study of its MicroCutter 5/80 surgical stapler designed for hemostasis. The Redwood City, Calif.-based company said it enrolled the 1st U.S. patient in the study, which looks to enroll a total of 120 patients undergoing lung resections which require surgical stapling. The study will examine […]
Intuitive partners with Dextera on robotic surgery stapler
Intuitive Surgical (NSDQ:ISRG) said it inked a joint development deal with Dextera Surgical (NSDQ:DXTR) to develop a surgical stapler and cartridge for Intuitive’s da Vinci robotic surgical system. The company said the new development follows completion of a 6-month feasibility evaluation of Dextera’s MicroCutter as part of an ongoing deal between the companies. “This partnership with […]
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