Medtronic (NYSE:MDT) subsidiary India Medtronic has reportedly launched its Mazor X Stealth Edition robotic guidance surgical system across India. Last week, surgeons at the Indian Spinal Injuries Centre in New Delhi used the Mazor X Stealth Edition system to successfully perform the first minimally invasive spine surgery in the country, according to a report in Express Healthcare. […]
Experts explore the state of M&A in medtech
At DeviceTalks West 2018, a panel of experts gathered to discuss the state of M&A in medtech and the forces driving startups to seek an exit. Buyouts like Medtronic‘s (NYSE:MDT) $1.7 billion acquisition of Mazor Robotics (NSDQ:MZOR) dominated the headlines in 2018, but industry veteran Shayan Bhattacharyya found himself intrigued by the smaller deals that didn’t […]
Medtronic closes $1.7B Mazor Robotics buy
Medtronic (NYSE:MDT) said today that it closed the $1.7 billion acquisition of Mazor Robotics (NSDQ:MZOR) and its robot-assisted surgery platform, capping the buyout with the announcement that their first jointly produced product won an FDA nod. Last month Caesarea, Israel-based Mazor said its shareholders voted to approve the $58.50-per-ADR-share deal with the world’s largest medical device maker, which […]
Medtronic eyes more investment in Israel
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% […]
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