Titan Medical (TSX:TMD) announced today that the Nasdaq stock market has sent it a Staff Delisting Determination letter. The robotic surgery system developer plans to appeal the determination by requesting a hearing by June 4. Nasdaq, according to Titan Medical, claimed that the company had failed to comply with a rule that listed companies must have […]
Origami Surgical raises $2.2m for robotic suturing tech
Origami Surgical last week filed an SEC Form D to confirm the sale of more than $2.2 million in an equity offering. The Madison, N.J.-based company, founded this year, filed a new notice for the sale of equity on March 23, 2020, with the intention of the offering lasting less than a year. According to […]
Neocis seeks 510(k) nod for Yomi edentulous splint for robotic dental surgery
Neocis announced today that it filed for FDA 510(k) clearance for its Yomi edentulous splint to aid its dental robotic surgical system. The Miami-based company’s new splint is designed to enable the Yomi dental robotic system to go beyond placing implants for partially edentulous patients, with new capabilities for assisting doctors with full arch implant […]
TransEnterix secures FDA clearance for ‘machine vision’ in robotic surgery
TransEnterix (NYSE:TRXC) said today that it has received FDA 510(k) clearance to add an artificial intelligence feature to its Senhance robotic surgery system. The new Intelligent Surgical Unit on the system enables the camera to automatically move for a surgeon during a procedure, responding to commands and recognizing certain objects and locations in the surgical field. TransEnterix […]
TransEnterix registers public offering
TransEnterix (NYSE:TRXC) announced that it commenced an underwritten offering of units of common stock, warrants and convertible preferred stock. The offering is expected to be comprised of a unit of common stock with warrants to purchase shares of common stock and a unit of convertible preferred stock with warrants to purchase shares of common stock. According […]
Medtronic seeks to boost surgical robotics play with Digital Surgery acquisition
Medtronic (NYSE:MDT) announced today that it has acquired Digital Surgery (London), a privately-held pioneer in surgical artificial intelligence, data and analytics, and digital education and training. Financial terms of the deal were not disclosed. Medtronic said the purchase will strengthen its robot-assisted surgical platform and its broader portfolio. The medical device giant is making a big play […]
TransEnterix to raise up to $25m from stock purchasing agreement
TransEnterix (NYSE:TRXC) could raise up to $25 million under a stock purchasing agreement with Lincoln Park Capital Fund. Under the agreement, announced yesterday, TransEnterix has a 36-month period to sell the stock — with money going toward the surgical robotic company’s general corporate purposes including working capital, product development and capital expenditures. “The company expects this […]
Procept Biorobotics taps industry veteran as new CEO
Procept BioRobotics recently announced that Reza Zadno, former CEO of ophthalmology tech company Avedro, has taken over the corner office at Procept. Zadno has more than three decades of leadership in the medical device industry, with a track record of successfully leading young companies to acquisitions. The latest was Avedro, which Glaukos (NYSE:GKOS) acquired for an […]
Titan Medical may put itself up for sale
Titan Medical (TSX:TMD) CEO David McNally told shareholders today that the company must raise $85 million to finish developing its Sport robot-assisted surgery device and file for FDA clearance. The Toronto-based medical device company is considering raising that money through equity or debt, licensing, merger or acquisition. Titan Medical lost nearly half its value in October […]
Johnson & Johnson planning a robotic surgery reveal in May
Johnson & Johnson (NYSE:JNJ) appears to be preparing a preview of its robotic and digital surgery plans at a Medical Device Business Review Day that the company is planning May 13 in New York City. “We think it will provide a very clear, transparent kind of tangible evidence of not only the machines but also the […]
TransEnterix scores another leasing agreement for Senhance robot
TransEnterix (NYSE:TRXC) this week announced that the Klinikum Esslingen hospital near Stuttgart, Germany, has agreed to lease a Senhance robotic surgery system — the third leasing agreement in about three months for the company. Leasing robot-assisted surgery systems instead of selling them is an important strategic shift for TransEnterix as it seeks a turnaround in 2020. […]
