ReWalk Robotics has won CE Mark clearance in the European Union for its ReStore soft exo-suit designed for use in stroke rehabilitation. The Marlborough, Mass.-based company touted the clearance as the first for a soft exo-suit in the region. The ReStore exo-suit features a soft, garment-like design and is intended to adaptively synchronize with a…
Neural Analytics raises $22M for robot-assisted brain ultrasound
Neural Analytics has raised approximately $22 million in a Series C round to support its Lucid robot-assisted brain ultrasound device. The round was led by Alpha Edison and included the issuance of warrants to purchase stock in connection to the financing, the Los Angeles-based company said. With the additional funds, Neural Analytics has raised a…
Titan Medical, Teleflex partner on surgical robotics
Titan Medical Inc. said today that it inked a collaborative development deal with Teleflex Inc. to integrate its polymer ligation technology into Titan’s Sport single-port robotic surgical platform. Toronto-based Titan Medical said that Wayne, Penn.-based Teleflex’s polymer ligation system is intended for vessel sealing and includes an enhanced clip security feature that has been previously used…
Titan Medical closes $25M public offering for surgical robotics
Robotic surgical platform developer Titan Medical Inc. said today it closed a $25 million public offering. Titan Medical said that it floated approximately 7.4 million units in the offering at a price of $3.40 per unit. Each unit offered included a single common share of the Toronto-based company and a warrant for an additional common share…
Smith & Nephew teases next-gen surgical robotics platform
Smith & Nephew has acquired Brainlab‘s orthopedic joint reconstruction business and teased the unveiling of a next-generation surgical robotics platform for later in 2019. The London-based company said that its acquisition of Brainlab’s orthopaedic joint reconstruction business included its associated salesforce, which it plans to fold into its surgical robotics division. It added that it…
Corindus submits CorPath GRX to FDA for robotic neurovascular interventions
Corindus Vascular Robotics this week said it applied to the U.S. Food and Drug Administration for premarket clearance to use its CorPath GRX robotic surgical platform in neurovascular interventions. The Waltham, Mass.-based company has already received FDA clearance for percutaneous coronary interventions (PCI), which it won in 2016, and for peripheral vascular interventions (PVI), which it won last…
J&J acquires Auris Health for $3.4B
Johnson & Johnson (J&J) is upping its robotic surgery play as its subsidiary Ethicon today inked a $3.4 billion deal to acquire Auris Health and its FDA-cleared Monarch platform. Auris is surgical robotics pioneer Dr. Fred Moll’s newest robotic surgical play. New Brunswick, N.J.-based Johnson & Johnson said the deal will include an additional $2.35 billion in milestone-based…
Mazor X Stealth robot-assisted spinal surgery launches in US
Medtronic has launched its Mazor X Stealth robotic-assisted spinal surgical platform in the U.S., touting its recent use in its first commercial procedures. The first uses of the system took place at Louisville, Ky.’s Norton Healthcare and Reston, Va.’s Reston Hospital Center, the Fridley, Minn.-based medtech giant said. “The marriage of robotics and navigation represents the…
Corindus Vascular Robotics completes first coronary intervention
Corindus Vascular Robotics‘ CorPath robotic surgical platform was used in a first-in-human telerobotic intervention study in India. The Waltham, Mass.-based company said the study was the world’s first percutaneous coronary intervention conducted from a remote location outside of a catheterization lab. In the trial, five patients at India’s Apex Heart Institute underwent an elective PCI…
Auris Health raises $220M for medical robotics platform
Auris Health closed a $220 million equity financing round to support its next-generation Monarch robotic interventional platform. The funding round brings the total raised for the Auris Health Monarch surgical platform up to $700 million over four rounds, Auris Health said. Redwood City, Calif.-based Auris Health said the round was led by Partner Fund Management…
Auris Health Wins FDA Approval for Monarch Surgical Robot
Auris Health, previously known as Auris Surgical Robotics and formed by Intuitive Surgical (NSDQ:ISRG) founder Dr. Frederic Moll, won FDA clearance for its Monarch robotic endoscopy platform. The Redwood City, Calif.-based company said it’s Monarch robotic platform’s initial aim will be on treating lung cancer, with the FDA clearance indicating the device for use in…
Corindus Raises $25M for CorPath GRX Surgical Robot
Corindus Vascular Robotics inked a private placement deal worth $25 million through the offering of newly-designated Series A convertible preferred stock, with funds slated to support global commercialization of its CorPath GRX robotic surgical system. The Waltham, Mass.-based company will issue shares of Series A convertible preferred stock convertible into 20 million shares of common stock…
Honda wins CE Mark for Walking Assist Device
Honda (NYSE:HMC) said yesterday it won CE Mark approval in the European Union for its Honda Walking Assist Device designed for walking rehabilitation. The walking assist device uses cooperative control technology, based on Honda’s cumulative study of human walking, the Japanese company said. Read the whole story on our sister site, MassDevice.com
Intuitive Surgical Shares up on Prelim Q4, FY2017 Earnings
Surgical robotics giant Intuitive Surgical (NSDQ:ISRG) shares have risen over 5% today after it posted preliminary earnings for the fourth quarter and full fiscal year 2017 that beat Wall Street analyst consensus. The Sunnyvale, Calif.-based company said it expects to post sales of $892 million for the fourth quarter, up 18% compared to sales during…
Corindus Joins Mayo Clinic in Tele-Robotic Stenting Study
Corindus Vascular Robotics (OTC:CVRS) said today it is working with the Mayo Clinic to launch preclinical studies exploring the use of telestenting, a robotic treatment for percutaneous coronary interventions which can be operated by physicians in remote locations. The Waltham, Mass.-based surgical robotics company said that there is a global shortage of PCI-capable operators, and that telestenting…
Corindus touts 1st Corpath GRX system installation outside the US
Corindus Vascular Robotics (OTC:CVRS) today touted the first commercial installation of its CorPath GRx robotic surgical system outside of the US. The CorPath GRX platform, a robot-assisted system for percutaneous coronary interventions such as stenting, was purchased and installed at the Ahmedabad, India’s Apex Heart Institute, the Waltham, Mass.-based company said. Corindus said that it will…
Virtual Incision raises $18m in Series B
Virtual Incision said today it raised $18 million in a Series B funding round to support FDA 510(k) submission for its next-gen minimally-invasive robotically assisted surgical device. The round was co-led by newly invested Sinopharm Capital and existing investor BlueStem Capital and was joined by PrairieGold Venture Partners and other investors, the company said. “Closing…
Researchers create ultrasound-sensor powered prosthetic hand with individual digit control
Researchers are one step closer to creating a prosthetic hand that allows user to have full control over each finger, according to a new report from Georgia Tech. Researchers at the university say they have created an ultrasonic sensor which allows amputees to control individual fingers on a prosthetic hand, with enough sensitivity to play…
Think Surgical wins CE Mark for TKA procedures with TSolution One robotic platform
Orthopedic robotic surgical platform developer Think Surgical said today it won expanded CE Mark approval in the European Union for its TSolution One surgical system, now cleared for use in total knee arthroplasty procedures. The TSolution One system is designed to aid in creating personalized pre-surgical joint replacement plans using CT-based 3D planning and open…
Study: Intuitive’s ‘black box’ recorder shows quantifiable skill differences among surgeons
A ‘black box’-style recording device developed by robotic surgical platform industry leader Intuitive Surgical (NSDQ:ISRG) may be able to objectively measure surgeon’s proficiency during robotically-assisted surgeries, according to a new report. The dVLogger, developed by Sunnyvale, Calif.-based company, is designed to capture both anonymized video and movement data from the da Vinci robotic surgical platform after being…
Intuitive Surgical pays $274m, closes $2B share buyback deal
Robotic surgical giant Intuitive Surgical (NSDQ:ISRG) paid $274 million to Goldman Sachs to close a nearly year-long buyback of its common stock, according to an SEC filing posted yesterday The payback was part of a total $3 billion stock repurchasing deal the company initiated on January 27, in which is paid $2 billion for an…
Titan Medical installs 3rd, final Sport system for validation & feasibility trials
Titan Medical (TSX:TMD) said today it installed a Sport robotic surgical system at the Institut Hospitalo-Universitaire de Strasbourg, marking the 1st installation of the system in Europe and the final planned installation for the company’s feasibility and validation studies. The Toronto-based company said it expects studies to begin at the facility in the fourth quarter of 2017…