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Tag : Intuitive Surgical

by   -   June 5, 2014
In a 2013 FDA survey, surgeons experienced with the Intuitive Surgical da Vinci system said their patients have less bleeding, fewer complications, much quicker recovery times and less time in the hospital – 24 hours on average.
by   -   January 27, 2014

singleport_da_vinci

Mini-tender offer:

TRC Capital Corp, a private firm founded by a Canadian securities lawyer, has made a mini-tender offer to purchase 250,000 shares of Intuitive Surgical stock at a price slightly below the current market price.

Mini-tender offers, because they are offers to purchase less than 5% of the company’s securities, are not governed by the Securities Exchange Act and don’t need to comply with the disclosures that are in place for larger tender offers. Intuitive Surgical announced today that it does not endorse the offer and recommends that stockholders reject it by not tendering their shares.

by   -   July 10, 2013

After months of negative news about poorly trained surgeons, class action suits claiming poor communications with shareholders, an FDA review, an article saying that procedure costs were too high, particularly for gynecological operations, and an NBC exposé, the news that stuck and affected the stock (NASDAQ:ISRG) where it hurts seems to be the JAMA article.

by   -   July 9, 2013

Often funding sources – the groups taking the risk – are not the beneficiaries of the rewards of the venture. Intuitive Surgical is an example.

NSF, DARPA and NASA funded a project to solve a very real problem: providing medical attention to Americans in remote places such as space, war or scientific expeditions. The initial concept was to be a telepresence project but with no known solution. That was the high-risk research project funded by the three agencies.

by   -   May 14, 2013

UPDATED 5-14-2013: Scroll to bottom of article to see updates.

One of robotics’ biggest stars, Intuitive Surgical (NASDAQ:ISRG), and their da Vinci robotic surgical systems, is receiving a lot of unfavorable media attention – including a 4-part “exposé” by MSNBC – because:

  1. A month-long suit alleging injuries tied to the robot surgery used in a 2008 procedure to remove a patient’s prostrate claims that the surgeon was not adequately trained.
  2. A recent JAMA article showed that although the number of robotically assisted hysterectomy procedures is up, their effectiveness is the same as laparoscopic methods but their costs are about $2,000 higher per procedure.
  3. The FDA recently initiated a probe asking surgeons at numerous hospitals to identify complications with the da Vinci machines.
  4. Intuitive sends note to customers about a scissor instrument known as Hot Shears saying the instrument could develop small, invisible cracks, which can potentially cause a leak of electricity that can burn patients.
by   -   May 1, 2013

IntuitiveIntuitive Surgical (NASDAQ:ISRG) is a prime example of how robotics is similar to other IP intensive industries like software, biotech, and entertainment.

In December my colleagues and I produced a valuation of Intuitive Surgical.  Below is a representation of our model of the asset structure of Intuitive Surgical in our forecast.  

by   -   March 24, 2013
At last weekend’s Engadget Expand event in Fort Mason, San Francisco, Kickstarter‘s co-founder Yancey Strickler started off the show with a presentation of many of Kickstarter’s crowd-funding success stories. 17 projects raised $1 million+ in 2012 including Pebble, the customizable watch, Oculus Rift, a  virtual reality headset for video games, SmartThings, a platform and hub that connect household things to the Internet and your smartphone, and Form 1, an affordable plug and play high-res 3D printer. [As an aside, Stanford now teaches a for-credit course on Kickstarter.]
by   -   March 5, 2013


On February 1st of this year, Catherine Mohr, Director of Medical Research and chief spokesperson for Intuitive Surgical (ISRG:NASDAQ), gave a talk on the campus of CMU. (Video of talk and Q&A).

I watched the video wherein Mohr pointed out that most of the new robotic-assisted surgical procedures, including those provided by her company’s da Vinci Surgical System, are simply improved versions of surgeries that have long been done through open or laparoscopic access — and that’s not disruptive.

by   -   December 6, 2012

 

VGo Communications wins infringement lawsuit brought on by InTouch Health and also initiates a patent reexamination of four other InTouch patents.

InTouch Health, a company that has been providing remote presence services to the medical community for the past decade contacted VGo and suggested that they agree to a licensing agreement of InTouch patents. A suit followed and, in a Los Angeles Federal District courtroom yesterday, a jury found that VGo Communications did not infringe.