Intuitive Surgical (NSDQ:ISRG) inked a license on the miniaturized robotic sealing and stapling technology developed by JustRight Surgical that includes an unspecified equity investment and joint product development program.
Louisville, Colo.-based JustRight raised an $11 million Series B round early last year and later won 510(k) clearance from the FDA for its 3mm pediatric vessel-sealing system.
“We are excited to team up with Intuitive Surgical to expand the impact of JustRight Surgical’s technology beyond pediatric patients,” CEO Robert Kline said in prepared remarks. “The collaboration with Intuitive Surgical marks a major milestone for JustRight. The entry into adult robotic surgery significantly expands the reach and applicability of our mission of enabling safer and more precise laparoscopic surgery through the delivery of exceptional surgical technologies and instruments.
“Our low-power vessel-sealing technology and mini mechanical stapler, combined with Intuitive Surgical’s minimally invasive expertise, will now have the potential to improve safety and outcomes for adult-sized patients undergoing robotic surgery,” Kline added.
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