Vicarious Surgical (NYSE:RBOT) announced that it received a notice regarding its compliance with the New York Stock Exchange (NYSE). The Waltham, Massachusetts-based surgical robot maker received the notice on Sept. 20. It alerted the company that it is not in compliance with Section 802.01C of the NYSE Listed Company Manual. Vicarious Surgical’s average closing price […]
Vicarious Surgical
Vicarious Surgical announces a new hospital system partnership
Vicarious Surgical (NYSE:RBOT) announced today that it signed a strategic development agreement with Intermountain Health. Intermountain, a leading nonprofit healthcare system, features 33 hospitals, 385 clinics and 4,300 employed physicians in the U.S. Its more than one million members range across locations in Utah (headquarters), Colorado, Idaho, Kansas, Montana and Nevada. Waltham, Massachusetts-based Vicarious said its […]
Vicarious Surgical looks to raise $45M from public offering
Vicarious Surgical (NYSE:RBOT) announced that it priced an underwritten public offering worth approximately $45 million in proceeds. Waltham, Massachusetts–based Vicarious’ offering includes 45 million shares of its Class A common stock priced at $1 per share. Additionally, the company granted underwriters a 30-day option to purchase up to an additional 6.75 million shares of common […]
Vicarious Surgical plans for in-human surgical robot trials next year, posts Q2 EPS miss
Vicarious Surgical (NYSE:RBOT) shares dipped this morning on second-quarter results despite a positive update on its surgical robot. Shares of RBOT fell 2.9% to $1.69 apiece in midday trading today. MassDevice’s MedTech 100 Index — which includes stocks of the world’s largest medical device companies — stayed even. The company failed to beat Wall Street […]
Layoffs in medtech: These companies recently reduced their workforce
The workforce reduction trend has swept the economy recently, and unfortunately, the medtech space is not immune to layoffs. You’ve probably read about the ongoing layoffs sweeping the tech industry, media and more. For instance, Yahoo, Disney, Zoom and more all reported workforce reductions as companies across industries grapple with economic pressures. Think inflation, supply […]
Vicarious Surgical promotes John Mazzola to COO
Vicarious Surgical (NYSE:RBOT) announced that it promoted John Mazzola to the role of chief operating officer (COO). Mazzola joined the Waltham, Massachusetts-based surgical robotics company in March 2022 as SVP of operations. He brings with him more than 35 years of experience in the medical device industry. That includes involvement in more than 25 medical […]
22 MedTech Innovator all-stars will pitch at DeviceTalks Boston
Nearly two dozen MedTech Innovator portfolio startups will pitch their technology to medtech industry innovators, executives and engineers at DeviceTalks Boston on May 10-11. The MedTech Innovator accelerator program picked the 22 all-stars from hundreds of applicants. The all-stars who will be featured over the two-day event at the Boston Convention and Exhibition Center are: […]
Vicarious Surgical cuts 14% of its workforce
Vicarious Surgical (NYSE:RBOT) announced layoffs to reduce cash burn and boost R&D spending at the surgical robotics company. CFO William Kelly told analysts yesterday evening that the present economic environment has Vicarious Surgical focusing on getting a quality robotic surgery system “out the door fast.” He said the company has reduced its workforce by 14%. […]
The top 10 medtech news trends of 2022
In this episode, your diligent team of DeviceTalkers assembled to review our top 10 medtech news trends. It’s our 2022 Newmarker’s Newsmakers! Executive Editor Chris Newmarker, Pharma Editor Brian Buntz, Managing Editor Jim Hammerand, Senior Editor Danielle Kirsh and Associate Editor Sean Whooley joined me, DeviceTalks Editorial Director Tom Salemi, for the latest DeviceTalks podcast. […]
16 surgical robotics companies you need to know
Intuitive remains the dominant surgical robotics company, but corporations ranging from Medtronic to Vicarious Surgical look to compete. Robotic-assisted surgery remains one of the hottest spaces in medtech. Intuitive, which pioneered the field in the 1990s and early 2000s, continues to innovate. At the same time, a host of other companies are looking to compete. […]
Vicarious Surgical posts larger-than-expected losses in Q3
Vicarious Surgical (NYSE:RBOT) posted third-quarter results today that fell short of the consensus forecast on Wall Street. The Waltham, Massachusetts-based robotics technology developer reported a net loss of $24.7 million, or -$0.20 per share, for the three months that ended Sept. 30, 2022. That’s a narrower loss for the pre-revenue company than the company’s $45.1 […]
