Moon Surgical announced today that it received FDA 510(k) clearance for its Maestro surgical robotics system. Paris- and San Francisco-based Moon Surgical designed Maestro to support surgeons in soft tissue surgical procedures. Think of it as a robotic surgical assistant. The small, adaptable system can integrate into existing clinical workflows. It features capabilities that bolster […]
Robotic Surgery
Titan Medical to implement cost-cutting measures, furloughs 40 employees
Titan Medical (Nasdaq:TMDI) announced today that it plans to implement cost-cutting measures that include temporary furloughs. News of cost-cutting follows last week’s announcement that Titan plans to review and evaluate strategic alternatives. Toronto-based Titan develops single-access robotic-assisted surgery technology. It consulted with financial and legal advisors to determine that the review is in the company’s and […]
16 surgical robotics companies you need to know
Intuitive remains the dominant surgical robotics company, but corporations ranging from Medtronic to Vicarious Surgical look to compete. Robotic-assisted surgery remains one of the hottest spaces in medtech. Intuitive, which pioneered the field in the 1990s and early 2000s, continues to innovate. At the same time, a host of other companies are looking to compete. […]
Titan Medical to seek share consolidation to keep Nasdaq listing
Titan Medical (Nasdaq:TMDI; TSX:TMD) said today that it will hold a virtual shareholders meeting on Jan. 12, 2023, to seek approval for a share consolidation plan. The surgical robotics company described share consolidation as the last option to regain compliance with Nasdaq’s $1 per share minimum bid price requirement and retain its listing. Titan Medical […]
Stereotaxis stock up on new orders, progress on next-gen robot
Stereotaxis (NYSE:STXS) today reported third-quarter results that missed on revenue. However, investors reacted positively to a list of positive news from the surgical robotics company. St. Louis–based Stereotaxis lost $5.3 million, or 7¢ per share, off $7.7 million in revenue for the quarter ended Sept. 30, 2022. It lost $5.0 million, or 7¢ per share, […]
Neocis raises $40M for dental surgical robot
Robot-assisted dental surgery technology developer Neocis announced today that it completed an oversubscribed financing round worth $40 million. Miami-based Neocis manufactures Yomi, a computerized robotic navigational system. It provides assistance in the preoperative and intraoperative phases of dental implantation surgery. Yomi provides software for planning procedures and offers robotic navigational guidance for surgical instruments during […]
Monteris Medical raises $35M for its robotic brain surgery system
Monteris Medical recently raised $35 million as it continues to advance its minimally invasive robotic brain surgery system. The Minnetonka, Minnesota–based company reported a $13.5 million raise in an SEC Form D filed on Sept. 15. But in an article published yesterday in the Star Tribune of Minneapolis, CFO Jim Erickson said the equity financing […]
Smith+Nephew announces first clinical use of revision knee system with handheld robotics tech
Smith+Nephew (NYSE:SNN) today announced the first cases for revision knee replacement using the Cori surgical handheld robotics system. Dr. Thorsten Seyler of Duke University performed the first cases on Aug. 17, 2022. Seyler used the combination of Smith+Nephew’s handheld Cori robotic technology with the Legion revision knee system. The system uses image-free smart mapping to […]
8 more surgical robotics companies you need to know
You know the big hitters in surgical robotics. Here are some of the companies you may not know about, but you should keep an eye on them. Last month, MassDevice compiled a list of 16 surgical robotics companies you need to know. That list included the usual suspects, like Intuitive, Medtronic, Johnson & Johnson and more. […]
Virtuoso Surgical announces $20M offering for endoscopic surgical robot
Virtuoso Surgical announced today that its $20 million stock offering became effective after review by the U.S. SEC. Nashville, Tennessee–based Virtuoso develops a surgical robot system for minimally invasive endoscopic surgery. Its founders developed its patented technology at Johns Hopkins University and Vanderbilt University. In addition, the National Science Foundation and the National Institutes of […]
FDA clears eCential Robotics’ spine surgery robot
French robotic spine surgery tech company eCential Robotics announced today that it has received FDA clearance for its 3D imaging, navigation and robotics guidance system. With the help of recent partnerships with U.S. implant companies, Gières, France–based eCential Robotics plans to start selling its surgical robotics system in North America. The company has already sold […]