Ken Goldberg thinks artificial intelligence will enable surgical robots to achieve their best function — not replacing surgeons but augmenting their work by reducing the monotony of specific subtasks like suturing. The William S. Floyd Jr. Distinguished Chair in Engineering at UC Berkeley, Goldberg and his research team have continued to advance the field. The group — which includes postdoctoral […]
TransEnterix
MedTech 100 roundup: Index hits another all-time high
The beginning of February brought yet another peak for medtech stocks. MassDevice‘s MedTech 100 index ended the week (Feb. 5) at 108.23 points, marking a 4% rise from the 104.05-point mark set at the end of the previous week (Jan. 29). The final mark for the week sets an all-time best for the index, which had […]
TransEnterix brings in $79.6M from stock offering
TransEnterix (NYSE:TRXC) recently announced that it has closed on a public offering of more than 26.5 million shares of its common stock, with roughly $79.6 million in aggregate gross proceeds for the surgical robotics company. The offering, in combination with recent financing activity, extends TransEnterix’s cash runway into 2024. The money will go toward general corporate […]
DTW Podcast Ep. 42 – How the pandemic has accelerated, slowed medtech innovation
The pandemic has accelerated innovation in many ways but the physical pressures on entrepreneurs, innovators and engineers is very real. In this episode of the DeviceTalks Weekly Podcast, a panel representing early-stage and tech transfer efforts explain how they’re helping individuals and young companies work through the unique challenges of the time, including finding capital, […]
The top 5 MassDevice stories of the week — January 22, 2021
It’s a new year with a new president who has new plans to fight the COVID-19 pandemic — a strategy that should be a big story for medtech in coming weeks. Even as President Biden and COVID-19 dominated the news, the medical device industry saw some important news in the hot robotic surgery space and […]
TransEnterix receives CE Mark for AI for its robotic surgery system
TransEnterix (NYSE:TRXC) announced today that it received CE Mark approval for its Intelligent Surgical Unit for the Senhance system. The Intelligent Surgical Unit (ISU) enables machine vision capabilities on the Senhance surgical system, providing Senhance digital laparoscopic programs in Europe augmented intelligence capabilities in surgical settings, according to a news release. The FDA cleared the ISU […]
MedTech 100 roundup: Finally a dip as industry stays relatively strong
After three consecutive weeks of record-breaking numbers, medtech industry stocks finally fell backward over the past seven days. MassDevice‘s MedTech 100 index finished last week at 105.8 (Jan. 15), marking a -0.95% drop from the 106.81 points (the highest ever total for the index) registered at the end of the week prior (Jan. 8). Medtech’s […]
TransEnterix raises more than $31M in stock offering
TransEnterix (NYSE:TRXC) announced today that it has raised $31.25 million from several institutional investors in a direct offering of common stock. The offering involves the sale of 25 million shares of TransEnterix common stock at a purchase price of $1.25 per share. The surgical robotics company plans to use the funds for general corporate purposes, including […]
TransEnterix beats The Street in Q3
TransEnterix (NYSE:TRXC) shares ticked up slightly on third-quarter results that came in ahead of the consensus forecast. The Research Triangle Park, N.C.-based surgical robotics company posted losses of -$15.1 million, or -15¢ per share, on sales of $814,000 for the three months ended Sept. 30, 2020, for an 84.6% bottom-line gain despite a sales decline of […]
TransEnterix appoints CFO
Robotic surgery company TransEnterix (NYSE: TRXC) announced today that it has hired Shameze Rampertab as its news EVP and CFO. “We are delighted to welcome Shameze to our team during this important time in TransEnterix’s journey,” TransEnterix CEo Anthony Fernando said in a news release. “His extensive experience at implementing financial strategies and sourcing equity and debt […]
MedTech 100 roundup: Another high as stocks tick up
For the third consecutive week, stocks in the medtech industry reached heights not yet seen since the COVID-19 pandemic began. MassDevice’s MedTech 100 Index — which includes stocks of the world’s largest medical device companies — sat at 89.65 points at the end of last week (Aug. 7). Overall, medtech stocks saw a 0.72% increase from […]
