TransEnterix (NYSE:TRXC) said yesterday that it agreed to amend a previously announced sale agreement with Great Belief International for the AutoLap system. On July 10, Research Triangle Park, N.C.-based TransEnterix announced that it dealt the AutoLap assets it had acquired in October 2018 along with Medical Surgery Technologies to Great Belief International for $47 million. This week, […]
TransEnterix deals AutoLap assets for $47m
TransEnterix (NYSE:TRXC) said today that it dealt the AutoLap assets acquired last year along with Medical Surgery Technologies to Great Belief International for $47 million. AutoLap is an image-based scope positioning system for laparoscopic procedures. Last October, Research Triangle Park, N.C.-based TransEnterix paid $5.8 million up front to MST for 3.15 million shares of the Yokneam, Israel-based […]
TransEnterix closes Medical Surgery Technologies buyout
TransEnterix (NYSE:TRXC) has completed its acquisition of all assets, including intellectual property assets of Medical Surgery Technologies (Yokneam, Israel). The terms of the agreement state that the acquisition price will be paid in two tranches. TransEnterix paid $5.8 million to MST and in return received 3.15 million shares of the company’s common stock. One year […]
TransEnterix puts up $33m for Medical Surgery Technologies
TransEnterix (NYSE:TRXC) said yesterday that it agreed to acquire Medical Surgery Technologies and its surgery planning technology in a two-stage deal worth nearly $33 million. Yokneam, Israel-based MST makes Follow Me, a software package that uses image analytics, advanced visualization, scene recognition, artificial intelligence, machine learning and data analytics to plan robot-assisted surgeries. Follow Me won 510(k) clearance from […]
MST touts 1st live broadcast of image-guided robot-assisted laparoscopic surgery
Robotic surgical software developer Medical Surgery Technologies said yesterday it broadcast the 1st-ever live image-guided, robot-assisted laparoscopic surgery with the aid of its AutoLap system. The Israeli company’s AutoLap system is an image-guided robotically assisted laparoscopic positioning system designed to monitor surgeon’s movements in the surgical cavity and guide the laparoscope positioner in real time. […]
MST wins FDA nod for robotic surgery software
Robotic surgical software developer Medical Surgery Technologies said yesterday it won FDA 510(k) clearance for its Follow Me minimally invasive robotic surgery software. The Follow Me software is designed to enable image-guided laparoscopes to follow laparoscopic surgical tools without manual control, according to the company. “Securing FDA clearance for the Follow-Me software is a major […]
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