Stereotaxis (NYSE:STXS) shares took a hit today on fourth-quarter results that missed the consensus sales forecast. Shares of STXS fell 6.9% to $2.42 apiece in midday trading today.MassDevice’s MedTech 100 Index — which includes stocks of the world’s largest medical device companies — ticked up 1.3%. The St. Louis-based endovascular surgical robot maker posted losses […]
Robotic Surgery
Asensus Surgical expects FDA clearance for surgical robot in pediatric use this year
Asensus Surgical (NYSE:ASXC) shares dipped today on fourth-quarter results that came in mixed compared to the consensus forecast. The company provided an outlook for the year ahead that includes the expected clearance of a regulatory hurdle, though. Shares of ASXC fell 2.6% to 67¢ apiece in early-morning trading today. MassDevice’s MedTech 100 Index — which […]
FDA clears surgical robot from Noah Medical
Noah Medical announced that it received FDA clearance for its Galaxy System for robotic-navigated bronchoscopy. San Carlos, California-based Noah Medical designed Galaxy and its accessories to provide bronchoscopic visualization and access. These capabilities provide diagnostic and therapeutic procedures in patient airways. The system features advanced imaging technologies that provide real-time location updates for potentially cancerous […]
Surgical robot maker Interventional Systems names new CEO amid leadership changes
Miniature surgical robot developer Interventional Systems announced a number of executive changes including a switch in the corner office. Dr. Michael Vogele, who founded Interventional Systems, intends to step down as CEO. The company tabbed former chief product officer Pedro Costa to succeed him. Additionally, the company named Srdjan Milosavljevic chief technology officer (CTO). Milosavljevic […]
Vicarious Surgical cuts 14% of its workforce
Vicarious Surgical (NYSE:RBOT) announced layoffs to reduce cash burn and boost R&D spending at the surgical robotics company. CFO William Kelly told analysts yesterday evening that the present economic environment has Vicarious Surgical focusing on getting a quality robotic surgery system “out the door fast.” He said the company has reduced its workforce by 14%. […]
Could 2023 be a boom year for orthopedic devices?
The orthopedic devices market is expected to reach nearly $50 billion this year as procedures bounce back from COVID-19, according to GlobalData. GlobalData predicts the orthopedic surgical robotics space will be even hotter this year, growing 25.6% year-over-year to $984 million. “Boosted by artificial intelligence (AI) and machine learning, new generations of orthopedic robots are […]
Ronovo Surgical unveils Carina surgical robot platform
Ronovo Surgical announced today that it closed a new round of financing, bringing its total funds raised to more than $50 million since 2020. Shanghai-based Ronovo develops broad, cross-specialty robotic-assisted surgery (RAS) technology. LongRiver Investments led the latest financing round. Existing investors Lilly Asia Ventures, Vivo Capital, Matrix Partners China and GGV Capital participated. CEC […]
Titan Medical meets with strategic buyers and investors as surgical robot developer considers its future
Titan Medical (Nasdaq:TMDI) met with potential buyers of the surgical robotics company this week in San Francisco. The Toronto-based medical device developer has been considering the best options for investors and the company’s Enos surgical robot. Facing delisting of its stock from the Nasdaq exchange due to its low price last year, Titan Medical announced […]
Titan Medical gets closer to Nasdaq delisting
Titan Medical (Nasdaq:TMDI) announced today that it received notification of potential delisting from the Nasdaq market. The Nasdaq Listing Qualifications Staff notified the company of its continued non-compliance with the $1 minimum bid price requirement. Based on this non-compliance (as of Dec. 26, 2022), Nasdaq may delist Titan securities unless the surgical robotics company requests […]
Corindus rebrands as Siemens Healthineers Endovascular Robotics
Siemens Healthineers announced that its Corindus company rebranded to “Siemens Healthineers Endovascular Robotics.” In 2019, Siemens Healthineers bought out Corindus for $1.1 billion. Corindus develops the CorPath robot-assisted device for coronary and peripheral vascular procedures. According to a news release, brand unification represents “the final step” in the company integration process that began in 2019. […]
Titan Medical shelves its plan to avoid Nasdaq delisting
Titan Medical (Nasdaq:TMDI) is suspending a special meeting of shareholders that was supposed to vote on a share consolidation plan. Since announcing the plan for the Jan. 12 meeting, however, the surgical robotics company’s management has decided to instead begin a strategic review. A sale of the company is a possibility. Meanwhile, Titan has also […]