Robohub.org
 

Intuitive Surgical stock sinks

by
10 July 2013



share this:

… 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.
… The article showed that although the number of robotically assisted procedures is up, their effectiveness is the same as laparoscopic methods but their costs are about $2,000 higher per procedure. That got hospitals to stop and reevaluate their purchases. Shortly after that, the ACOG (American Congress of Gynecologists) suggested that doctors help patients separate marketing hype from reality regarding hysterectomies.
… Yesterday Intuitive Surgical reported that quarterly sales were slightly down, and expectations for the next quarter were also lowered.
… Intuitive’s shares were downgraded by at least four analysts.

ISRG_Stock

tags: , , ,


Frank Tobe is the owner and publisher of The Robot Report, and is also a panel member for Robohub's Robotics by Invitation series.
Frank Tobe is the owner and publisher of The Robot Report, and is also a panel member for Robohub's Robotics by Invitation series.





Related posts :



UN fails to agree on ‘killer robot’ ban as nations pour billions into autonomous weapons research

Given the pace of research and development in autonomous weapons, the U.N. meeting might have been the last chance to head off an arms race.
16 January 2022, by

Science Magazine robot videos 2021

A compilation of Science Magazine videos featuring robotics research that were released during last year.
14 January 2022, by

CBQ: Commercial-grade Autonomous Mowers, Safety, and Dogfooding | Sense Think Act Podcast #11

In this episode, Audrow Nash speaks to Charles Brian Quinn (aka, CBQ), CEO and a Co-Founder of Greenzie. Greenzie make an autonomous driving system for commercial lawn mowers. We talk about Greenzie's...
11 January 2022, by and

California’s AV testing rules apply to Tesla’s “FSD”

Tesla is testing its self-proclaimed “full self-driving” vehicles on California roads without complying with the testing requirements of California’s automated driving law.
10 January 2022, by and

Robotics innovation infiltrates 2022 Consumer Electronics Show

The 2022 CES Innovation Awards recognize a range of robotics technologies as Honorees, and feature three in the “Best of Innovation” category as well.
08 January 2022, by

What happened in robotics in 2021?

Here are some postcards from 2021 and wishing you all the best for 2022!
05 January 2022, by and





©2021 - ROBOTS Association


 












©2021 - ROBOTS Association