Intuitive Surgical (NYSE:ISRG) stock rose nearly 10% today, a day after the company reported first-quarter results that handily beat Wall Street expectations. Baird upgraded Intuitive’s stock rating to outperform after the news yesterday evening, according to media reports. The Sunnyvale, Calif.–based robotic surgery company reported profits of $435.2 million, or $3.51 per share, on sales […]
robot-assisted
FDA clears Zimmer Biomet partial knee system for its Rosa system
Zimmer Biomet today said it received FDA 510(k) clearance for its Rosa Partial Knee system for robotically-assisted partial knee replacement surgeries. Rosa Partial Knee is the latest addition to Zimmer Biomet’s Rosa Robotics platform, which includes the Rosa Knee system for total knee replacement surgery and Rosa One for neurosurgical and spine procedures. The Rosa […]
Vicarious Surgical to go public in $1.1B SPAC deal
Vicarious Surgical will go public through a $1.1 billion special purpose acquisition company (SPAC) deal, the robotic surgery pioneer announced today. Vicarious, which has sought to bring robotics and virtual reality to minimally invasive surgery, will trade on the New York Stock Exchange under the symbol RBOT after the merger with D8 Holdings. Hong Kong–based […]
ForSight Robotics raises $10M for ophthalmic robotic surgery platform
Forsight Robotics, a developer of a robotic surgical platform for ophthalmic procedures, has reportedly raised $10 million. According to a report from TechCrunch, the seed round of financing was led by Eclipse Ventures and Mithril Capital and is earmarked to be used for expanding the company’s headcount and global reach as it sets its sights […]
FDA approves first robot-assisted system for transvaginal hysterectomy
The FDA announced today that it authorized marketing for Memic Innovative Surgery’s Hominis system for transvaginal hysterectomy. Hominis is the first FDA-approved robotically-assisted surgical device for performing transvaginal hysterectomy, with indication for performing benign hysterectomy with salpingo-oophorectomy, according to an FDA news release. Using minimally invasive surgical instruments inserted through the vagina and a video […]
Stereotaxis up on Street-beating Q4 results
Shares of Stereotaxis (NYSE:STXS) shot up in morning trading today after the robotic surgery company reported Street-beating Q4 results and predicted double-digit revenue growth this year. The St. Louis–based company, creator of robotic technologies for the treatment of cardiac arrhythmias, reported a loss of –$1.18 million, or –2¢ share, on sales of $6.82 million for the […]
Titan Medical brings in another $23 million
Titan Medical (TSX:TMD;OTC:TITFX) today announced the closing of a $23 million bought deal. The Toronto-based surgical robotics company conducted the sale by way of a short form prospectus in each of the provinces of British Columbia, Alberta and Ontario — as well as a private placement in the U.S. Last month, Titan Medical raised an additional […]
12 surgical robotics companies you need to know
Surgical robotics remains a hot area in medtech — even as it faces headwinds from the COVID-19 pandemic. Intuitive Surgical (NSDQ:ISRG) pioneered robotic surgery through the early 2000s and remains the dominant player, but major companies including Medtronic (NYSE:MDT) and Johnson & Johnson (NYSE:JNJ) have big plans to enter the space and compete. Meanwhile, Stryker (NYSE:SYK) has built a […]
BREAKING: TransEnterix announces name change, new category of surgery
TransEnterix (NYSE:TRXC) announced today that it will change its name to Asensus Surgical and introduce a new category of surgery to its offerings. Research Triangle Park, N.C.-based Asensus Surgical said in a news release that its name change represents its broader vision of shaping the future of surgery by integrating computer vision and machine learning with […]
Could artificial intelligence boost surgical robotics to new heights?
Ken Goldberg thinks artificial intelligence will enable surgical robots to achieve their best function — not replacing surgeons but augmenting their work by reducing the monotony of specific subtasks like suturing. The William S. Floyd Jr. Distinguished Chair in Engineering at UC Berkeley, Goldberg and his research team have continued to advance the field. The group — which includes postdoctoral […]
TransEnterix brings in $79.6M from stock offering
TransEnterix (NYSE:TRXC) recently announced that it has closed on a public offering of more than 26.5 million shares of its common stock, with roughly $79.6 million in aggregate gross proceeds for the surgical robotics company. The offering, in combination with recent financing activity, extends TransEnterix’s cash runway into 2024. The money will go toward general corporate […]
