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The Medical Device Business Journal — Medical Device News & Articles | MassDevice

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SurgiQuest Inc.

Patent board invalidates SurgiQuest patent in Lexion spat

July 3, 2018 By Brad Perriello

ConMed (NSDQ:CNMD) subsidiary SurgiQuest lost an intellectual property spat with Lexion Medical last week when a U.S. patent board invalidated a trocar patent. SurgiQuest sued Lexion last year, alleging infringement of patent no. 9,095,372B2, covering a “system and method for improved gas recirculation in surgical trocars with pneumatic sealing,” by Lexion’s line of Insuflow Synergy […]

Filed Under: Legal News, Patent Infringement, Surgical Tagged With: ConMed Corp., Lexion Medical, SurgiQuest Inc.

ConMed slumps on Q4 earnings release, despite EPS beat

January 29, 2016 By Fink Densford

ConMed (NSDQ:CNMD) released its 4th quarter and full year earnings late Wednesday, reporting profits dipping 30% from last year and seeing shares tumble the next day, down nearly 12%. The Utica, N.Y.-based company reported profits of $7.9 million, or 28¢ per share, on sales of $191 million for the 3 months ended December 31. ConMed saw […]

Filed Under: Business/Financial News, MassDevice Earnings Roundup Tagged With: ConMed Corp., SurgiQuest Inc.

ConMed closes $265m SurgiQuest buy

January 5, 2016 By Brad Perriello

ConMed (NSDQ:CNMD) said today that it closed the acquisition of SurgiQuest, which makes the AirSeal device for use in minimally invasive abdominal surgeries. The $265 million deal, announced just a week after Milford, Conn.-based SurgiQuest filed for a $75 million initial public offering last November, was funded with a $175 million term loan and a $525 million credit revolver. Utica, N.Y.-based […]

Filed Under: Mergers & Acquisitions, Surgical, Wall Street Beat Tagged With: ConMed Corp., SurgiQuest Inc.

ConMed to drop $265m on SurgiQuest

November 16, 2015 By Brad Perriello

ConMed (NSDQ:CNMD) said it agreed to pay $265 million to acquire SurgiQuest, which just last week filed for an initial public offering. Milford, Conn.-based SurgiQuest makes the AirSeal device for use in minimally invasive abdominal surgeries. AirSeal is designed to insufflate the rectum and provide continuous smoke evacuation. ConMed, which is based in Utica, N.Y., said […]

Filed Under: Mergers & Acquisitions, Surgical Tagged With: ConMed Corp., SurgiQuest Inc.

SurgiQuest files for $75m IPO

November 12, 2015 By Brad Perriello

SurgiQuest this week registered for an initial public offering estimated at $75 million. Milford, Conn.-based SurgiQuest makes the AirSeal device for use in minimally invasive abdominal surgeries. AirSeal is designed to insufflate the rectum and provide continuous smoke evacuation. “We believe our AirSeal technology represents the first major innovation in minimally invasive surgical access since the introduction […]

Filed Under: Surgical Tagged With: SurgiQuest Inc.

SurgiQuest lures ex-Smith & Nephew exec Dugan

June 20, 2013 By Sony Salzman Leave a Comment

fired/hired

SurgiQuest lured a medical device industry heavyweight to its executive team with the appointment of Tom Dugan, former Smith & Nephew (NYSE:SNN) exec, as president & chief commercialization officer.

Filed Under: News Well Tagged With: Personnel Moves, Smith & Nephew, SurgiQuest Inc.

Funding: SurgiQuest locks up $18.5 million

December 5, 2012 By MassDevice staff Leave a Comment

SurgiQuest logo

SurgiQuest closed an $18.5 million Series D financing round, raising funds through a mix of equity and debt financing.

The Milford, Conn.-based medical device company develops technology for laparoscopic procedures, with features designed to remove electrosurgical smoke and keep endoscopic imaging instruments’ field of vision clear.

Filed Under: Funding Roundup, News Well, Surgical Tagged With: Intuitive Surgical, SurgiQuest Inc.

ConforMIS lands $1.4 million MassDevelopment loan | Funding Roundup

July 12, 2011 By MassDevice staff Leave a Comment

Funding

ConforMIS Inc. is on a roll the announcement that it secured a $1.4 million loan from MassDevelopment’s Emerging Technology Fund.

The loan will go toward growing the Burlington, Mass.-based company’s supply chain and manufacturing capacity for its iTotal customized knee replacement system.

Filed Under: Business/Financial News, Funding Roundup, News Well Tagged With: Circle Cardiovascular Imaging Inc., conformis, Connecticut Innovations, CSA Medical Inc., EpiEp Inc., Generex Biotechnology Corp., Parexel International, SurgiQuest Inc.

Connecticut device makers tout approvals for surgical implements

May 21, 2010 By MassDevice staff Leave a Comment

SurgiQuest, Vascular Insights logos

A pair of Connecticut medical device firms won regulatory nods in the U.S. and Europe.

SurgiQuest Inc. won 510(k) clearance from the Food & Drug Administration for its new line of 5mm AnchorPort laparoscopy trocars and Vascular Insights LLP landed CE Mark approval in Europe for its ClariVein Occlusion Catheter.

SurgiQuest touts its device’s ability to adjust for differences in each patient, calling it "the world’s first elastomeric single incision laparoscopy kit."

Filed Under: Business/Financial News, Endoscopic, News Well, Vascular Tagged With: SurgiQuest Inc., Vascular Insights

SurgiQuest drums up $14.5 million

February 16, 2010 By MassDevice staff Leave a Comment

SurgiQuest Inc. drummed up $14.5 million in new backing from 11 un-named investors, according to a regulatory filing.

The Orange, Conn.-based device maker is developing technology for laparoscopic procedures that’s designed remove electrosurgical smoke and keep endoscopic imaging instruments’ field of vision clear. While the filing did not reveal the identities of SurgiQuest’s latest backers, two members of its board of directors listed on the document also represent venture capital firms: Rodney Altman of CMEA Ventures and Ned Scheetz of Aphelion Capital LLC.

Filed Under: Business/Financial News, Endoscopic, News Well Tagged With: SurgiQuest Inc.

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