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 […]
Stereotaxis raises $15m
Stereotaxis (NYSE:STXS) announced that it entered into a securities purchase agreement to issue common stock for net proceeds of approximately $15 million. St. Louis, Mo.-based Stereotaxis said in a news release that the agreement with certain funds managed by Consonance Capital Management will see it issue approximately 3.66 million shares of common stock at $4.10 per […]
Dexcom adds COO to CFO Blackford’s title | Personnel Moves, September 19, 2019
Dexcom (NSDQ:DXCM) this week added the COO role to CFO Quentin Blackford’s title. Blackford is now in charge of Dexcom’s global supply chain, manufacturing operations and expansion into new markets, the San Diego-based company said. He’s been CFO of the continuous glucose monitor maker since 2017, when he left the chief finance spot at NuVasive (NSDQ:NUVA). […]
Stereotaxis uplists to the New York Stock Exchange
Stereotaxis (NYSE:STXS) said earlier this week that its common stock has been approved for listing on the NYSE American exchange. After the company’s common stock ceased trading on the OTCQX when the market closed yesterday, it began trading on the NYSE at the open of trading today, under the same “STXS” symbol. The St. Louis, […]
Stereotaxis launches Genesis RMN robotic nav/imaging device, inks dev deal with Osypka, posts Q1 earnings
Stereotaxis (NSDQ:STXS) today released a slew of news including the launch of its Genesis RMN robotic navigation and imaging device, a collaborative deal with Osypka AG and its first quarter earnings. The St. Louis, Mo.-based company said that its Stereotaxis Genesis RMN is a next-gen robotic magnetic navigation system that uses smaller magnets designed to rotate along […]
CardioMech taps medtech vet Nehm for CEO | Personnel Moves, November 5, 2018
CardioMech taps medtech veteran Nehm for CEO Swedish mitral valve repair company CardioMech said today that it named medical device industry veteran Richard Nehm as president & CEO effective immediately. Nehm’s resume includes stints at Boston Scientific (NYSE:BSX), Abbott (NYSE:ABT) acquisition Tendyne and ATS Medical (acquired by Medtronic (NYSE:MDT)). CardioMech also named Spinal Stabilization Technologies president […]
Stereotaxis, J&J’s BioSense Webster extend deal for magnetic ablation catheters
Stereotaxis (NSDQ:STXS) said today it extended a long-term deal with Johnson & Johnson’s (NYSE:JNJ) Biosense Webster to supply it with magnetic ablation catheters. With the extended deal, St. Louis-based Stereotaxis said it will continue to supply Biosense Webster’s catheters, and will continue to receive a royalty for the sale of those catheters. The deal includes Biosense Webster’s Navistar […]
Teva Pharma CEO Vigodman steps down | Personnel Moves | February 7, 2017
Teva Pharmaceuticals (NYSE:TEVA) said this week that CEO Erez Vigodman has stepped down from their position at the head of the world’s biggest generic drugmaker. Vigodman’s exit from the company will take effect immediately, with board chair Yitzhak Peterburg taking on the interim role of chief exec. Israel-based Teva has seen shares plummet after a series of […]
11 surgical robotics companies you need to know
Robotic surgery is taking off, and the field is becoming increasingly diverse. We’ve collected information on the biggest surgical robot players in the field so far. Intuitive Surgical’s da Vinci robot remains the premier surgical robotics company, with other companies including Stryker and Zimmer-Biomet only getting into the field in recent years. Read on to find […]
Stereotaxis raises $24m
Medical robotics developer Stereotaxis (NSDQ:STXS) said yesterday it closed a $24 million private placement round, floating 24,000 shares of convertible preferred stock and warrants for the purchase of an aggregate 36.9 million shares of common stock. Each preferred share sold in the round is convertible at the option of the holder at a price of 65¢ per […]
Analyst: Medtronic most likely to challenge Intuitive Surgical in robot-assisted surgery
Medtronic (NYSE:MDT) is the most likely rival to Intuitive Surgical‘s (NSDQ:ISRG) dominance in the robot-assisted surgery space, but is still at least a year away from putting a competing device on the market, according to 1 analyst covering the medical device industry. Sunnyvale, Calif.-based Intuitive has a long lead, having had its flagship da Vinci system since 2000 and is […]
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