TransEnterix (NYSE:TRXC) has completed its acquisition of all assets, including intellectual property assets of Medical Surgery Technologies (Yokneam, Israel). The terms of the agreement state that the acquisition price will be paid in two tranches. TransEnterix paid $5.8 million to MST and in return received 3.15 million shares of the company’s common stock. One year […]
TransEnterix CEO Pope makes Time’s 50 Most Influential People in Healthcare
TransEnterix (NYSE:TRXC) said today that its president and CEO Todd Pope has been named to Time Magazine’s Most Influential People in Health Care for 2018, highlighted for their work bringing the Senhance robotic surgical platform to the market. Pope was an inaugural selection for the list, which Time Magazine said it assembled to highlight “physicians, scientists, and […]
TransEnterix wins FDA nod for 3mm instrument set
TransEnterix (NYSE:TRXC) said today that it won 510(k) clearance from the FDA for a 3mm-diameter instrument set for its Senhance robot-assisted surgery device. The federal safety watchdog also OK’d additional 5mm-diameter instruments, the Research Triangle Park, N.C.-based company said. The 3mm instrument open up micro-laparoscopic “virtually scarless” procedures for Senhance, according to TransEnterix. “The ability to […]
TransEnterix shares rise on Q3 prelims
Shares in TransEnterix (NYSE:TRXC) rose approximately 5% after the company announced its preliminary third quarter earnings and provided a corporate update on Monday. The Research Triangle Park, N.C.-based company said it expects to post sales of $5.4 million, just in line with the consensus on Wall Street. TransEnterix said that its revenue mainly came through the […]
TransEnterix wins CE Mark for Senhance Ultrasonic instrument package
TransEnterix (NYSE:TRXC) said today that it won CE Mark approval in the European Union for the Senhance Ultrasonic instrument system, designed to operate with its Senhance robot-assisted surgery device. The Research Triangle Park, N.C.-based company said the ultrasound instruments, designed to deliver controlled energy to ligate and divide tissue and minimize thermal injury to surrounding structures, can be […]
TransEnterix puts up $33m for Medical Surgery Technologies
TransEnterix (NYSE:TRXC) said yesterday that it agreed to acquire Medical Surgery Technologies and its surgery planning technology in a two-stage deal worth nearly $33 million. Yokneam, Israel-based MST makes Follow Me, a software package that uses image analytics, advanced visualization, scene recognition, artificial intelligence, machine learning and data analytics to plan robot-assisted surgeries. Follow Me won 510(k) clearance from […]
TransEnterix submits FDA clearance bid for Senhance ultrasonic instrumentation
TransEnterix (NYSE:TRXC) said today it filed an FDA 510(k) submission for its Senhance Ultrasonic instrument system, designed to operate with its Senhance robotic platform. The Research Triangle Park, N.C.-based company said that the approval would allow the system to utilize ultrasonic devices designed to deliver controlled energy to ligate and divide tissue and minimize thermal injury […]
TransEnterix shares fall despite Street-beating Q2
Shares in TransEnterix (NYSE:TRXC) fell today after the robotic surgical platform developer posted second quarter earnings that beat expectations on Wall Street, but showed growing losses. The Research Triangle Park, N.C.-based company posted losses of $34.3 million, or 17¢ per share, on sales of $6.4 million for the three months ended June 30, seeing losses grow […]
TransEnterix jumps on Q2 prelims
TransEnterix (NYSE:TRXC) shares got a jump today when the robot-assisted surgery company released preliminary revenue numbers for the second quarter that outstripped the consensus on Wall Street. Research Triangle Park, N.C.-based TransEnterix said it expects to post sales of $6.0 million to $6.3 million for the three months ended ended June 30, 2018, up 300% to […]
TransEnterix seeks expanded FDA indications for Senhance platform
TransEnterix (NYSE:TRXC) said yesterday it submitted a 510(k) submission to the FDA seeking clearance for extra instruments for its Senhance robotic surgical platform, including 3 mm diameter instruments. The Research Triangle Park, N.C.-based company said that the clearance would allow the Senhance to be used in microlaparoscopic surgeries. The platform is currently cleared for laparoscopic colorectal, […]
TransEnterix surges on expanded indications for Senhance robot-assisted surgery device
TransEnterix (NYSE:TRXC) said today that it won expanded indications from the FDA for its Senhance robot-assisted surgery device, which is now cleared for hernia and gallbladder procedures. The federal safety watchdog’s expanded 510(k) decision doubles the Research Triangle Park, N.C.-based company’s addressable market, president & CEO Todd Pope said in prepared remarks. “These expanded procedures are […]
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