Distalmotion announced today that it closed a $150 million financing as it looks to bring its surgical robot to the U.S. market. Revival Healthcare Capital led the financing round. Distalmotion said in a news release that the funds reinforce the confidence of its existing investors. The company intends to use the funds raised to support […]
surgical robotics
Intuitive stock pops on Street-beating Q1; da Vinci price increase coming
Intuitive Surgical posted first-quarter results that beat the consensus forecast on Wall Street. Investors reacted by sending ISRG up more than 12% to $303.58 apiece by midday trading today. The Sunnyvale, California–based surgical robotics developer yesterday evening reported profits of $355 million, or $1.oo per share, on sales of $1.7 billion for the three months […]
What’s on the horizon in surgical robotics?
While question marks remain over where medtech is going, the path for surgical robotics remains full of excitement. Medical technology has experienced a bit of a rocky period lately. Layoffs continue to hamper the space, and financial outlooks are a bit cloudy for some companies. However, there remains plenty to look forward to in the […]
Medtronic reveals more details on surgical business consolidation
Medtronic (NYSE:MDT) today confirmed the consolidation of its Surgical Robotics and Surgical Innovations operating units into a single Surgical operating unit and said it would not close its facilities in Colorado and Connecticut. MassDevice was the first to report the operating unit consolidation and promotion of former Surgical Robotics President Mike Marinaro to lead the […]
Medtronic combines surgical robotics and surgical innovations units
A senior Medtronic executive’s promotion is the latest piece of the puzzle as the world’s largest medical device company seeks significant expense reductions. Mike Marinaro, who became president of Medtronic’s Surgical Robotics operating unit one year ago, is now EVP and president of Medtronic’s Surgical operating unit. Fridley, Minnesota-based Medtronic (NYSE:MDT) didn’t announce the changes […]
Asensus secures pediatric indication for its robotic surgery system
Asensus Surgical announced today that FDA has cleared an expanded pediatric indication for its Senhance robotic surgery system. Research Triangle Park, North Carolina–based Asensus says Senhance is the first and only digital laparoscopic surgery solution for pediatric patients. During the company’s fourth-quarter earnings announcement early this month, it said it expected the pediatric indication this […]
Stereotaxis says system placement delays impacted revenues
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 […]
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 […]
Asensus Surgical unveils next-gen Luna surgical robot platform
Asensus Surgical (NYSE:ASXC) announced today that it introduced a next-generation surgical robot platform called “Luna.” Research Triangle Park, North Carolina-based Asensus designed luna as an integrated digital surgery solution. It features a next-generation surgical platform and instruments, plus real-time intraoperative clinical intelligence. Its final component, a secure cloud platform, applies machine learning to deliver clinical […]