Medtronic‘s (NYSE:MDT) chief executive Omar Ishrak traveled to Israel on Sunday with a team of senior executives to reportedly meet with some of the firms that the medtech giant has recently acquired, including Mazor Robotics and Nutrino. Ishrak is also scheduled to meet with Israel’s prime minister Benjamin Netanyahu and Eli Cohen, the minister of […]
Mazor Robotics shareholders OK $1.6B Medtronic merger
Mazor Robotics (NSDQ:MZOR) said that its shareholders yesterday approved the $1.6 billion merger with Medtronic (NYSE:MDT). The Caesarea, Israel-based company said roughly 53% of its shares were represented in the vote, with about 95% of those cast in favor of the $58.50-per-ADR-share deal. The world’s largest medical device maker has held a position in Mazor, which makes the Mazor […]
Mazor posts Q3 miss, wins FDA nod for Mazor X Stealth edition
Mazor Robotics (NSDQ:MZOR) today released third quarter earnings that narrowly missed loss-per-share expectations on Wall Street, and announced that it won FDA clearance for its Mazor X Stealth edition. The Caesarea, Israel-based company posted losses of $16.9 million, or 32¢ per share, on sales of approximately $10.1 million for the three months ended September 30, […]
NASS 2018: Robotic platforms take center stage
Here’s a roundup from the North American Spine Society’s annual meeting in Los Angeles Medtech companies in the spinal market are rushing to join the robotic revolution, with Medtronic (NYSE:MDT) and Globus Medical (NYSE:GMED) leading the pack, according to a Leerink Partner analyst’s note from the North American Spine Society’s 2018 annual meeting. In a letter to […]
Medtronic is all-in on surgical robotics with $1.6B Mazor buy
Medtronic (NYSE:MDT) is all-in on the surgical robotics game now that’s inked a deal to buy Mazor Robotics (NSDQ:MZOR) for more than $1.6 billion in cash. The world’s largest medical device maker has held a position in Mazor, which makes the Mazor X guidance system and the Renaissance robot-assisted spine surgery platform, since May 2016. In September […]
Mazor shares dip on Q2 miss
Shares in Mazor Robotics (NSDQ:MZOR) have dipped slightly today after the medical robotics maker missed expectations on Wall Street with its second quarter earnings results. The Caesarea, Israel-based company posted losses of $3.8 million, or 7¢ per share, on sales of $13.2 million for the three months ended June 30, seeing losses grow 4.5% while sales shrunk […]
Mazor Robotics shares rise on Street-beating Q1
Shares in Mazor Robotics (NSDQ:MZOR) rose today after the surgical robotic platform maker beat expectations on Wall Street with its first quarter 2018 earnings. The Caesarea, Israel-based company posted losses of $1.3 million, or 2¢ per share, on sales of $15.5 million for the three months ended March 31, seeing losses shrink 75.6% while sales grew […]
Mazor Robotics shares down despite Street-beating Q4, FY2017 earnings
Shares in Mazor Robotics (NSDQ:MZOR) have fallen slightly today despite the surgical robotics platform maker topping expectations on Wall Street with its fourth quarter and full fiscal year 2017 earnings. The Israel-based company posted profits of $437,000, or 1¢ per share, on sales of $19.1 million for the three months ended December 31, seeing a 110.2% […]
Report: Mazor Robotics CEO under Israeli investigation for insider trading
Mazor Robotics (NSDQ:MZOR) CEO Ori Hadomi is under investigation by the Israel Securities Authority over accusations of insider trading, according to a report from the Calcalist. The investigation dates back to a probe launched in May by Israel’s version of the US Securities & Exchange Commission, though the subject matter of the investigation was not […]
Mazor Robotics crushes expectations with Q3 results
Mazor Robotics (NSDQ:MZOR) today reported third-quarter results that blew past the consensus forecast on Wall Street, more than doubling sales and paring its losses by more than 30%. The Caesarea, Israel-based robot-assisted surgery company posted losses of -$3.7 million, or -7¢ per share, on sales of $17.2 million for the three months ended Sept. 30, cutting […]
Mazor Robotics touts study showing lower complication, revision rates
Robotic-guided spinal surgeries reduce both complications and the number of revision surgeries needed, according to a new report released today by Mazor Robotics (NSDQ:MZOR). The study shows that spinal surgeries performed using the company’s guidance system had a five-fold reduction in surgical complications. Such technology also contributed to a seven-fold reduction in revision surgeries versus freehand-based […]
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