Intuitive Da Vinci Robotic Device To Enter Heart Surgery Market By Year End
This article was originally published in The Gray Sheet
Executive Summary
Intuitive Surgical expects to gain 510(k) clearance for expanded use of its da Vinci robotic surgical system for mitral valve repair and atrial septal defect closure by year-end
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Computer Motion
Zeus robotic surgical system manufacturer anticipates 510(k) clearance for general laparoscopic surgery indication to occur within "the next four to five weeks," Chairman and CEO Bob Duggan tells investors during a July 15 second-quarter earnings call. After receiving clearance, the firm plans to file a 510(k) for thoracic surgery. The company hopes that the two additional indications will even the playing field with competitor Intuitive Surgical (1"The Gray Sheet" March 4, 2002, p. 18). Computer Motion reported sales of $5.1 mil., up 27% over the same period last year, while its net loss was $4.9 mil., down 7%...