Surgical robotics has been a hot topic within the medtech space, and it doesn’t seem like it’s stopping any time soon. Over the course of 2024, we’ve seen all kinds of stories across surgical robotics. From regulatory nods and product launches to recalls and warning letters, plus some M&A in between, the surgical robotics space […]
Intuitive Surgical
Intuitive announces EVP Marshall Mohr’s departure
Intuitive Surgical Global Business Services EVP Marshall Mohr is leaving the surgical robotics leader, the company said today. Mohr joined Sunnyvale, California-based Intuitive in 2006 as SVP and CFO and started in his current position in 2022. He also serves on the boards of Veeva Systems and Pacific Biosciences of California. “Marshall will be taking […]
Intuitive beats the Street in Q2, says da Vinci 5 supply will be tight for the next year
Intuitive Surgical posted second-quarter results on Thursday that beat the consensus forecast on Wall Street, sending the stock to a record high after markets opened Friday. The Sunnyvale, California-based surgical robotics leader reported profits of $527 million, or $1.46 per diluted share, for the three months ended June 30, 2024, up 25% from the second […]
Intuitive earns updated FDA labeling on da Vinci X, Xi for radical prostatectomy
Intuitive announced today that the FDA cleared a labeling revision for its da Vinci X and Xi surgical robotic platforms. The labeling revision, based on real-world evidence collected from 2007-2014, covers radical prostatectomy. Data showed similar overall five- to 10-year survival when comparing robotic-assisted radical prostatectomy to non-robotic procedures. da Vinci X and Xi, the […]
CMR leaders on the ‘massive advantage’ of Versius and growing robotic surgery penetration
CMR Surgical leaders say it’ll take the right kind of surgical robot to expand global adoption — and that their Versius system is just the thing. CMR Surgical CEO Supratim Bose and co-founders Luke Hares (chief technology officer) and Dr. Mark Slack (chief medical officer) discussed what Slack called the “massive advantage” for Versius today […]
Intuitive beats the Street in Q1, increases procedure volume forecast
Intuitive Surgical posted first-quarter results today that exceeded the consensus forecast on Wall Street while increasing its forecast for full-year procedure growth. The Sunnyvale, California-based surgical robotics leader reported profits of $545 million, or $1.51 per diluted share, for the three months ended March 31, 2024, up 53% from the first quarter of 2023. Total […]
Intuitive’s da Vinci 5 surgical robot has analysts confident in future growth
William Blair analyst Brandon Vazquez has increased confidence in Intuitive after viewing the new da Vinci 5 system at SAGES 2024. Vazquez said in a report that he has increased confidence in the company’s ability to drive growth over the next 5-10 years. He was particularly impressed with the system’s efficiency improvements and haptic feedback. […]
TSSC seeks funding to get fiber optic sensor tech across the finish line
The Shape Sensing Co. is seeking investors to fund the productization and FDA clearance of its fiber optic sensor technology for surgical navigation. Austin, Texas-based TSSC wants to raise $10 million in the Series B round, CEO Ryan DeBoer said in an interview with MassDevice. That should be enough for two-and-a-half years of runway, enough […]
Intuitive Ion wins regulatory approval in China
Intuitive Surgical has received approval from regulatory authorities in China to market its Ion surgical robot system. BTIG analyst Ryan Zimmerman said today that the National Medical Products Administration in China approved the system. This occurred through Intuitive’s partnership with Shanghai Fosun Pharmaceutical, a venture established in 2016. The major regulatory nod in China follows […]
After Intuitive, Shockwave and Avail, Daniel Hawkins is now CEO at AI-powered MRI software startup Vista.ai
Avail Medsystems founder and former CEO Daniel Hawkins has a new job as president and CEO of MRI software startup Vista.ai. Palo Alto, California-based Vista.ai (founded and incorporated as HeartVista) makes AI-guided software for automating magnetic resonance imaging (MRI) exams. “Vista is the only MRI-related AI company that is not doing just post-processing — Vista […]
Intuitive details da Vinci 5 launch plans with limited supply of next-gen surgical robotics systems
Intuitive Surgical is planning a phased launch of its da Vinci 5 that will stretch into next year, executives said today. Intuitive won FDA 510(k) clearance for its next-generation surgical robotics system last week, nearly one decade after winning clearance for the da Vinci Xi system. “We are planning for a limited launch starting in […]
