Titan Medical recently announced it entered into a licensing agreement with Intuitive Surgical and that the company’s CEO is resigning. Under the agreement, robotic-assisted surgery company Titan Medical has granted Intuitive a non-exclusive license to all of Titan’s IP, with the exception of the IP that is exclusively licensed to another party under a June […]
Intuitive Surgical
Intuitive Surgical announces executive changes
Intuitive Surgical (Nasdaq:ISRG) today announced executive leadership changes as it continues a global expansion effort. The Sunnyvale, California-based leader in surgical robotics promoted Dave Rosa to the role of president. Rosa now leads Intuitive’s product, digital, quality, regulatory, supply chain, manufacturing and commercial teams. “Our efforts over the past 27 years have created great opportunities […]
FDA clears Intuitive da Vinci surgical robot for prostatectomy
Intuitive Surgical announced today that the FDA cleared its da Vinci SP surgical robot for simple prostatectomy. The clearance, which includes prostatectomy as a representative procedure, expands da Vinci SP’s (single-port) available urologic surgical procedures. Sunnyvale, California-based Intuitive’s surgical robot now offers the removal of an enlarged prostate blocking urine flow with this procedure. In […]
Intuitive stock pops on Street-beating Q1; da Vinci price increase coming
Intuitive Surgical posted first-quarter results that beat the consensus forecast on Wall Street. Investors reacted by sending ISRG up more than 12% to $303.58 apiece by midday trading today. The Sunnyvale, California–based surgical robotics developer yesterday evening reported profits of $355 million, or $1.oo per share, on sales of $1.7 billion for the three months […]
What’s on the horizon in surgical robotics?
While question marks remain over where medtech is going, the path for surgical robotics remains full of excitement. Medical technology has experienced a bit of a rocky period lately. Layoffs continue to hamper the space, and financial outlooks are a bit cloudy for some companies. However, there remains plenty to look forward to in the […]
Medtronic combines surgical robotics and surgical innovations units
A senior Medtronic executive’s promotion is the latest piece of the puzzle as the world’s largest medical device company seeks significant expense reductions. Mike Marinaro, who became president of Medtronic’s Surgical Robotics operating unit one year ago, is now EVP and president of Medtronic’s Surgical operating unit. Fridley, Minnesota-based Medtronic (NYSE:MDT) didn’t announce the changes […]
11 of the biggest medtech earnings stories from Q4 2022
Layoffs, growth and more — the biggest medtech companies in the world experienced a range of outcomes in the fourth quarter of 2022. Over the past two months, many of the largest medtech companies across the globe reported their financial results for the three months ended Dec. 31, 2022 (with a handful of exceptions due […]
New medtech to watch for in 2023: boosting health outcomes
As earnings season is upon us, we’re receiving a clearer view of what new medtech could be launching this year in the medical device space. Companies still feel hamstrung by macroeconomic pressures, supply chain issues and more. However, many pointed out that 2023 has plenty to look forward to. Several quarterly reports and earnings calls […]
Intuitive stock down amid next-gen robot disappointment
Intuitive Surgical (Nasdaq:ISRG) shares took a hit after an earnings call in which CEO Gary Guthart pushed back the timing of a potential next-gen surgical robotics multiport system. “As we start this year, we do not currently expect a new multiport system launch in 2023,” Guthart said in a call with analysts this evening. Later […]
Intuitive expects da Vinci procedures to increase at least 12% in 2023
Intuitive Surgical (Nasdaq:ISRG) today released preliminary Q4 results that included a slight revenue miss, though the company expects da Vinci surgical robot procedures to grow at least 12% this year. The Sunnyvale, California-based surgical robot developer expects fourth-quarter revenue to total $1.66 billion. While that represents a 7% increase from the same period in 2021, […]
The top 10 medtech news trends of 2022
In this episode, your diligent team of DeviceTalkers assembled to review our top 10 medtech news trends. It’s our 2022 Newmarker’s Newsmakers! Executive Editor Chris Newmarker, Pharma Editor Brian Buntz, Managing Editor Jim Hammerand, Senior Editor Danielle Kirsh and Associate Editor Sean Whooley joined me, DeviceTalks Editorial Director Tom Salemi, for the latest DeviceTalks podcast. […]
